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Hollywood movies are never too far from reality. In the case of unfair practices on Wall Street, we saw in legendary films such as the 1987 classic by Michael Douglas and Charlie Sheen also known as Wall Street. The film was vaguely responsible for the attractiveness that many young graduates – in the '80s and' 90s – had for the stock market. In short, the film has glorified greed.
We have also seen many other films that continue to make us see the weak point of what happens in traditional markets. These films include The Big Short, Gold, Wall Street II, Margin Call, The China Hustle, just to name a few. With the weekend just a few hours away, the films above might be worth exploring for every cryptic leisure enthusiast.
The Theory That Wall Street is manipulating Bitcoin and Crypto
It is no secret that the speeches in most of the encrypted communities on all social media platforms have suggested that Wall Street has a hand in the current market crisis we are experiencing. The discussions started on December 17, when CME Group and CBOE started offering Bitcoin Futures. Coincidentally, this was the last time we saw BTC for $ 20,000. This has been seen by many as the beginning of the bear market that has matured into the complete collapse that has been accelerated by Fake news, Hash Wars and postponed ETF decisions.
Wall Street intimidation tactics to buy at a low price
The fact is that the Securities and Exchange Commission (SEC) still has to provide concrete guidelines on how Bitcoin and Criptovalute should be regulated in the United States. However, the Commission can be praised for taking a stance against the ICOs and categorizing them as stock offers. This opened the door to the overly publicized ICO study that left many financial ruins. The SEC even agreed with Floyd Mayweather and DJ Khaled for their role in hypothesising such ICOs.
However, the SEC has failed to penalize important people who declare BTC as dead or Ethereum as shit. To do this, they should recognize Bitcoin and other Cryptos as worthy regulatory assets. Without regulation, every individual can say negative statements about BTC. This means that CEOs and presidents of major Wall Street companies can express their freedom of expression when it comes to BTC and cryptocurrencies.
If the SEC were as fast as the crypt as they were with Elon Musk and his tweeting habits, the crypt-verse would have been a much safer place.
Crypto Trading is the Wild West
But the bottom line is that they have not yet begun to penalize those who manipulate the crypto markets in a similar way to how they manage traditional markets. This leaves the encryption open as the American Wild West as glorified in cowboy movies, video games (Red Dead Redemption) and books. To survive during the Wild West period, you have to think on your feet and be quick with your guns.
This can be compared to how cryptography operators constantly adapt to the markets. Some even decided that shorting BTC and ETH is more interesting on Bitmex. According to them, going long does not make sense during this bear market.
YouTube video that explains how manipulation takes place
As we finish this conversation, there is a youtube video circulating in the crypto community that explains how important Wall Street companies and their CEOs have said all the right things to bring down BTC and Crypto while they buy. The video can be found below. It is up to the viewer to make their final conclusions based on their research and beliefs.
What are your thoughts on the theory that Wall Street is manipulating Bitcoin to buy cheap? Let us know in the comments section below.
Disclaimer: This article is not intended to give financial advice. Any other opinion present here is purely that of the author and does not represent the opinion of Ethereum World News or one of its other writers. Perform your research before investing in one of the many cryptocurrencies available. Thank you.
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