What a weird and fucked up world we live in. It looks like the recent crash was sparked by Chinese corporations who hate Justin Sun. Ya know, the Tron guy, the guy who did a hostile takeover of Steem and resulted in the creation of Hive.
Someone posted anonymously on 4chan or one of those sites that there was going to be a massive play by China/PRC in crypto. It would result in a big selloff and drop the prices so low. The goal was to liquidate an undesirable stakeholder. Once they lost their funds, there would be quick buy up of reserves and leave him bankrupt having lost his collateral.
This was posted in the LeoFinance discord yesterday:
Note that the 4chan post was made on the 18th, before the big selloff on the 19th. Looks like the insider was legit.
Then yesterday, a tweet was made that point it out through the undesirable stakeholder was that they attempted to liquidate. It was none other than Justin Sun who apparently had $1B on the line.
Here is the tweet in question:
Looks like Justin didn't get liquidated. They failed.
So the 4chan post projected $70k real fast... doesn't look like that is happening... at all! LMAO. Where are these whales buying shit up?
Maybe they are buying it up. But there are still many people who think this is a bear market now and are selling as soon as things go up a bit. Who will win out, bears or bulls?
Posted Using LeoFinance Beta
On the weekly chart of the bitcoin market,it is indicating that the bitcoin is bullish and that many individuals bought the dip
Yes, so many are buying the dip. It's all baseless FUD.
Posted Using LeoFinance Beta
The weekly candle for last week closed exactly on the MA. As long as Bitcoin finishes this week above 42k which it will we still good for Bull market. This week was a bit of manipulation and fun, its definitely interesting to see all the craziness going on. Bitcoin is certainly HOT right now and bringing out all the worst in people and governments. It was a god send to me as i finally got a nice position in XMR at 240 dollars. It might flash crash again but we not going to pump to 70k not a chance, we just need to close this week above 42k. Maybe if Justin Sun was liquidated it may have pumped.
Had I known the FUD was coming, I wouldn't have bought more at $50k... lol
Ah, so the pump failed because their plan didn't work hehe. Too bad.
Posted Using LeoFinance Beta
sounds like they going in for the kill again and going to 25k in the next 24 hours. Excellent.
Congratulations @defime! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 100 upvotes.
Your next target is to reach 1750 upvotes.
Your next target is to reach 100 replies.
Your next payout target is 500 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!