Last year, a few dozen prominent Bitcoin people met at Richard Branson's home island resort. Shortly after the meeting, they all heavily hyped up Bitcoin. Transaction volume surged with large transactions being circulated amongst friends. Around Christmas they cashed out, drank wine and celebrated... The little people bought in seeing the surge which held the price up a bit and then it tanked... They are going to let it fall below $10,000 and start again. It will go up to $25,000 this year... Cycle of greed repeats. When you call them out and joke the ring leader about the Richard Branson "Motorboat" incident, they all visit your linked in profile in private mode :-D The Bitcoin is dead mantra is their propaganda to profit again.
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Almost ready to rev back up again... BTC just about to fall below $10,000 at $10,700... Seeing the typical players speaking out again. If the rev up happens again, I'm cashing out around $18,000 as it will fall harder the next time around. Doesn't mean BTC is dead, but just over priced for the time being. Few players artificially inflating volume.