i am thinking of a different scenario while this one is very logical to me.

i wrote a post a couple of hours ago regarding it but the gist is that banks/big funds/governments are mining buying bitcoin in bulk. My guess is that they actually want to increase the value of it but at the same time they don't want you and me to hold them.

Thus the more power they get from buying and ofc given the power they have to public they can manipulate the prices. The average joe will sell either because it is "high" for him and can buy a car or "low" and he is afraid he will lost it all.

while this happens and people sell their altcoins all these "fellows" will buying!

also thanks for the reblog and as usual sorry for the late answer

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