Sometimes you get the feeling that certain industry pundits would rejoice if Bitcoin and crypto markets crashed and everyone got wiped out. New ideas and technology frightens a lot of people, especially the old school types that have made their money in other investments.<\/p>\n
We are now into the fifth day since the epic market surge that briefly took BTC back to five figures again. A little has been added since yesterday but Bitcoin is still consolidating<\/a> around the $9,300 level. Aside from a brief dip below $9,100 yesterday there has been no attempt to break out of this channel.<\/p>\n Spending some time on crypto twitter you get the impression that some would actually revel in a massive collapse of digital assets. Peter Schiff is one of those characters that appear to post just to get a reaction, and he usually does. He almost changed stance on crypto last week<\/a> but is back on the attack again.<\/p>\n His latest comments are still suggesting that the entire Bitcoin market is being manipulating by whales that are feeding off the ambitions of the hodlers.<\/p>\n \u201cBitcoin hodlers won’t sell as they believe they’ll get rich when #Bitcoin moons. Bitcoin whales get rich by selling now to realize their paper gains before a market crash wipes them out. The whales must make sure the hodlers don’t lose faith and cash out so that they can cash in!\u201d<\/p><\/blockquote>\n Bitcoin hodlers won't sell as they believe they'll get rich when #Bitcoin<\/a> moons. Bitcoin whales get rich by selling now to realize their paper gains before a market crash wipes them out. The whales must make sure the hodlers don't lose faith and cash out so that they can cash in!<\/p>\n — Peter Schiff (@PeterSchiff) October 29, 2019<\/a><\/p><\/blockquote>\n\n