The sad part is I'm only half way joking here. Meaning, that as much as the premise is quite stupid, it could effectively be true. Now, Why is the price of bitcoin still tanking? Nobody truly knows. However, I've read quite a few analysts explain in their own ways their elaborate bearish sentiments.
Oooohh Tether.... le sigh
I'm not trying to FUD, but the facts are pretty clear. For anyone who cares to do some digging it becomes apparent some of the "pumps" are not organic in the least. Just like with any other financial market, crypto is not immune to manipulation and the magic USDT has become the ideal tool for the market's puppeteers.
For those who are not familiar with the chart I'm showing; Pepe, our most hated/loved frog friend is standing in awe, as he has discovered a day were the printing press for the magic money decided to get "down with the sickness". Listen, I realize everyone who participates of crypto, who really participates does not like me using the terms "magic money". I've had a few purists get angry at me for even joking about it, pointing out that the true scam is FIAT. So please note, I don't disagree with that, but that is not what I'm talking about here.
Let's bust out the 8 ball
The experts always speak of these things in hindsight. Their videos and publications will always start with something along the lines of - "I kind of knew that Gox Trustee was about to dump, but nobody could confirm until...". I expect this time to not be any different.
But, lets play a little game, what do you say? Here is what we are going to do. I'm going to list three premonitions (obviously biased and possibly all incorrect). You my dear reader will pick one of them, and the first two winners will get 1 SBD each. Ready?
Here we go:
- (a) Mt gox trustee selling off $400 million + again
- (b) Korean uncertainty related to Trump's summit
- (c) Big money Manipulation coinciding with Coinbase's announcement
As you can clearly see, I'm biased and I've only given you three options being the last one, the one that is tickling my brain at the moment. I may be a bit too conspiratorial for most, but then again, the market is so unreasonable, it requires some crazy.
Tell you what....
Give me your own theory, write it out and if you are correct, I'll send you 1 SBD as well. I'm sure there are many possibilities I'm failing to consider. How could I know more than the collective? Impossible I tell you, impossible.
Other posts by yours truly
• salt needs to learn how to bark
• Join me tonight for Songwriter Shop Talk Featuring The SteemBirds
• I'm buying me them trophies
• cute tiny eggs
• fake dawn philosophy - audio recording
Listening to Bix Weir on YouTube this morning, things are not what they seem to be! The bad guys are controlling the market and some cryptos; it’s the powerful elites manipulating and cornering the crypto world in order to maintain their power on the global financial systems. They are losing their grip on the fiat system so they don’t want to lose out on the crypto market!
Bix Weir even said that Steemit was also part of the globalist to get the world into the digital network where they can exert global control!!
I think there will be bad people everywhere, the good people are just too slow to catch up with bad peoples plans because they are too good to be negative!
Look at the logo of steemit which had been analysed by several YouTubes! Better be aware and ready than being sorry later! Of course, I may just be too pessimistic today! The fight between the white hats and black hats are taking place in this world on many levels. I hope that goodness and love will conquer all and heal all.
you and I both my friend, you and I both!!
I will go for option "c". I think that's where the complications lies... Lol
Entry accepted!! let's see!! ;)
Thanks bud
Maybe a pornstar shilled on twitter?
hahahahah yes, that would do it!
I think massive selloffs, not just from Mt Gox trustees, along with the general public following those massive sellofs are what causes these dumps. We have to remember, whales are still taking profits from 2017, they can't move too much to fast.
Anyway, that's just my opinion.
that is what we are doing here, just speculating... we might be bleeding out, but at least we are having some fun... right?
Totally. We're making history anyway.
It's pretty obvious that people are pulling real money out as fast as they humanly can. I was warning people about the impact a potential raid on Upbit would have for a while now, so I'll let others guess this time around.