RE: Market Watch: Coordinated FUD

I've been saying for weeks now that Bitcoin can't run until the banks scare the long-leverage plays away. In my opinion, they've already been manipulating it with "paper" bitcoin the same way they've been manipulating gold for years. There IS NO SUPPLY!!! But, if you have ridiculously deep pockets, you can just sell bitcoin into all this buying and "flatten the curve". (Sound familiar?) Traders then take over and knock the price down allowing the "paper" players to recoup some of their paper. BUT, their real goal is to take out all the leverage. This last drop liquidated $1.2 BILLION of long-leveraged bitcoin. That's how much was out there!!! People are so blinded by the fact that bitcoin is going into the hundreds of thousands in this bull run that they keep creating huge leverage positions and the banks keep sweeping them with dips.

They've now decided to make a focused, concerted effort to scare people out of their bitcoin and keep them from making leveraged plays. Ideally, they'll actually turn the ratio negative where the short-leverage is larger than the long leverage. (Don't think they'll get there but they're trying) Once the number gets to something they can deal with, they'll start covering some of what they're short and this thing is going to rocket (and I mean rocket) to six figures. I expect the next bitcoin rally to happen extremely fast. Like $10,000 a day for a week, fast. They do NOT want to give the long-leveraged players any money so it will run and then every time greed enters, they'll hammer it down and liquidate. Rinse and repeat.

People have to remember, the exchanges and banks are the "house" at the casino. They make sure the odds are always in their favor. This is why they're having problems with bitcoin. The HODLER's are fucking up their business model.

Expect more and more FUD until they get the right ratios and then, hang on for the ride. It will be spectacular.

Posted Using LeoFinance ^Beta