bitcoin tanked to $3200 posting a 50% loss for $6K bottom believers
RIP
RIP
Bitcoin Price Thread
- Thread starter Magna
- Start date
In that case it is time for a little fun. What goes around comes around.
My thoughts exactly when I saw the other chart
Just having a little fun with you guys as the shorts enter their phase of the Euphoric market cycle as we longs had our Euphoric phase a year ago.
This interview happened Dec. 3, 2017 on the high of bitcoin. His prediction about the bubble came out.
He estimates the value of BTC between zero and $200.
https://www.businessinsider.com/eco...n-versus-gold-price-manipulation-2017-12?IR=T
He estimates the value of BTC between zero and $200.
https://www.businessinsider.com/eco...n-versus-gold-price-manipulation-2017-12?IR=T
It would be interesting to see all the transactions of the big wallets over the last 2 years. As all transactions are public it would be "easy" or rather theoretically possible to find out if there was manipulation and if the big whales tried to dump their coins at the highs of last year.
The brilliant thing about these crypto's is the anonimity. Who will you sue if it appears to be one big scam? This anonimity convinced me that it is a scam.
The brilliant thing about these crypto's is the anonimity. Who will you sue if it appears to be one big scam? This anonimity convinced me that it is a scam.
Why does it have to be manipulation? Why not just cashing out with common sense? When you are up gazillion % and the price goes vertical, you better get out. Also, if whales do communicate, why would they share their intentions? After all if I intend to sell, I don't want 4-5 other whales to sell at the same time, further depressing the price...
And they weren't just trying, anybody who wanted to was able to get out.
It isn't a scam by definition more of a fad. Similar to:
" Pre-Cabbage Patch Xavier Roberts dolls can bring over $1,000. Most dolls sell for $10 to $30 and have not changed much from the original retail price"
Cryptos are unregulated inventions and people will take advantage of them in every aspect, specially price fluctuation or sudden increase. The law of unintended consequences applies...