The last 24 hours in the crypto-market have stunned many people.
I just wanna say, I saw this coming! ONE big (but not last) push to the downside before we can fianlly start seeing an increase in the Bitcoin price.
Why? Well this is exactly what the Banks wanted. They want Bitcoins back in the news with all of the uncertainty and bad news around it, causing the majority of small uneducated investors (which banks call the dumb money) to dump their investments giving Banks and big investors the opportunies they needed to start buying BTC at a much cheaper price before we begin to see the price of bitcoin recover.
Answer yourself this, when Bitcoin dropped drastically, was it, or was it not, in the news almost everyday, showing how poor people turned super rich... making you think "Oh, what a great idea maybe I can do the same If invest now" which is exactly what the banks wanted out in the news so they could sell their profits (cashing out their investments), because otherwise they would of been stuck with their profits in Bitcoin, so they needed SOMEONE to sell their profits to which was the "Dumb Money".
Basically what I'm trying to get at is the banks are now doing the same, but in the opposite direction...
Hope you guys found this thread helpful! Feel free to add your thoughts...
I don't think the bitcoin has any chance now of growing once again. Most probably is will just drop very slowly. Atm I only consider it a good way to cash out wthout limitations.
Also you can't expect to be taken seriously with that Jake Paul signature
I think it's more likely that banks don't really care.
Rep. Power: 126
Minion: 11/28/12-3/15/14
Major support was at $6k cause it did not break that level for awhile.
A bit undecided on the short run now.
I dont see its growing up,fuck it ima cash out
If roger ver dump's his coin. Bitcoin is dead (All miners will drop out). Only the OG's will continue. From there its a death spiral imo. Crypto was doing fine staying flat, then this dumb politics fucked it.
Mining craze down, so are prices. Less incentive overall to buy in atm
btc, it will return to its price and I am sure that it will surpass 7000usd in December. I have been buying and selling btc for many years, the trend of all years has been increasing. I started to operate when I was bordering the 400usd
Im starting to lose hope. ive already lost 1,500$ by now. i might let it and fuck it. ill still cashout like i was normally doing.
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Lost about $400 from these drops... Should I just cash out tbh?
Diversify. There are other crypto in the market. I would personally suggest Ripple as well as banks are using it more now.
Yo guys I can buy your btc if you stopped believing