“The light at the end of the tunnel is not an illusion, the tunnel is.”
I want to bring back to light something that even if it seems crystal clear it looks like most of the crypto players (especially the newest ones) have either no clue about it or they don’t want to admit they know about it.
Market is manipulated!
Woa… no big surprise, everybody knows that but they still panic sell every single time. Honestly, I don’t really care anymore, there are more opportunities for the ones that have the biggest balls, the ones that are hodlers and get into the deeps.
Let me explain. Nothing in this world is fully honest and real. Greedy people are everywhere, especially in the financial fields. So, when it comes to make money, nothing can stop them. Bitcoin is one of our last resorts against them. Everyday we heard about financial Gurus that say that Bitcoin is a joke, that there is no value in it etc. Is it because they apply “JP Morgan strategy” (tell everyone that Bitcoin is sh1t, let the price drops, tell your daughter to buy $6mil worth of bitcoins the next day) or they are just afraid that they are going to lose control.
I am certain that you have heard about “Ripple”, a coin that is not even based on blockchain but it is still in top 3, it was even on the second place! This coin, where 70% of the total supply is located in the founders’ pockets (yeah.. still nobody cares) is considered a revolutionary coin. Why? Because it is supported by banks? The same banks that lately stop you from buying Bitcoin with the credit card? Or the banks that can’t get into Bitcoin and Ethereum because it is too expensive for them, so they decide to build a non-blockchain coin and fool everyone to exchange their ETH and BTC in exchange of a manipulated zero value coin? Banks need a piece of everything.. and you are trading limited, precious Bitcoin and Ethereum for nothing, just an imaginary profit.
Back to our today discussion. Bellow is something extracted from our “friend”, the dark web.
“From the 15th January’ 2018, there have been rumors on the dark web about a possibility of a slump, down to $6000 by February 1st week before prices return to the original consolidation stage at $14K by March 2nd week. On January 5th, when Bitcoin prices were at $17,000, at a dark web forum which can be accessed through any anonymous browser (like Tor), a forum member by the name Cyberjourno, says: “Guys, there are big players in play, big institutional players who want to bring the price down to $7000, I know it seems impossible now but these guys handle the media and know how to control the market. For the coming couple of months, guys, stay safe, don’t be scared. Brace for FUD FUD FUD!” On Jan 5th there were two other comments on multiple forums in the Russian and South Korean social sites that suggested a bigger market manipulation in play. Interpreted and translated versions of the comments read: “Waiting for US, South Korea, Indian and Thai markets to break negative stories by February, prices to stoop back to $5000. Big market players waiting to invest millions in Bitcoin and smaller crypto counterparts. It’s easy to guess, find the common corporate entity that controls media houses in these countries. Make your connection”
Interesting right? Well guess what, the plan was executed and it worked perfectly. Now we are waiting to buy again the peaks as we always do, haha!
Few days ago, on the 6th February there was the biggest collapse of the classical stock exchange, even bigger than it was 10 years ago. We are entering in a long term financial crisis. Again, no big surprise, every 10 years there is such crisis. It was in 1997-1998, it was in 2008 now it is 2018. So what will happen? Billionaires and the biggest players in this world will have to sell all their stock and invest in something else. But why should they invest in Bitcoin and altcoins when they are such expensive? Let’s spread some FUD, lets manipulate the media and we get the job done. Coincidence that right before the crisis everything dropped that much? I highly doubt about that. Anyway, we are just little fishes in a huge ocean and little we can do.
Exactly 10 years ago we had the very first moment of Bitcoin, one decade passed and we learned nothing. Nothing besides lambos and “When moon?”. Maybe this is how it should be, maybe not. All I hope is that the bitcoin legacy will not be in vain.
Thank you very much! I apologies for the possible English mistakes :)
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Is a financial crisis really brewing though? The global economy is going quite well at the moment and the current stock market crash is seen by experts as a correction due to the rapid growth in the last year, rather than the start of a recession. The prevalent use of trading bots have been blamed in the crash, similar to the effect of stop losses with crypto exchanges last year.
However if there really is a massive conspiracy then the pattern in the last month sort of makes sense. There has been so much FUD everywhere and no amount of good news has worked to reduce it until the US hearing yesterday when it started turning.
Yeah.. too much fud everywhere, hard to believe that suddenly all the bad news came out in this rate. In my country the financial crisis just started. There are 60% less real estate transactions this year than the last year same period of time.. BTC starts the recovering process already. Lets see what happens :)
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