Bitcoin Price Thread

It's true. The stocks rallied massively, while limp Bitcoin barely managed to hold ground here.

Massive, massive red flag.

Of course in such fugazi, manipulated market market they could easily pump and dump some more shorts into $66K, maybe $70K-ish before the brutal rug into $30Ks.


$30K is written on the wall and is just a matter of when. Massive deleveraging and liquidation is just behind the doors.

The real question is will it all collapse after that or will it find bottom there...
 
It's going down but because this market is a massive fraud there is potential of a squeeze to first sucker in more people and liquidate shorts, before a massive deleverage event occurs and everyone and their mother gets liquidated.

If price is now $61K. And it goes up to $65K or $70K, but then a month later it's at $35K.... The pump up was fake manipulation.
 
This entire market is basically propped up by a single fraudster with the help of Tether cartel and other "market makers"(pump and dumpers using unbacked Tethers)

 
orbit23 said:
It's going down but because this market is a massive fraud there is potential of a squeeze to first sucker in more people and liquidate shorts, before a massive deleverage event occurs and everyone and their mother gets liquidated.

If price is now $61K. And it goes up to $65K or $70K, but then a month later it's at $35K.... The pump up was fake manipulation.
More...
Why do you spend so much time here repeating the same thing over & over? We get it Crypto is a ponzi scheme on the verge of collapse propped up by Tether.

The only problem with your thesis is that ponzi schemes don't last this many economic cycles. The radio & TV bubble (1926-1929) lasted 1 cycle, consumer goods bubble lasted 1 cycle (nifty fifty), internet bubble lasted 1 cycle, real estate bubble lasted 1 cycle, tulipmania lasted 1 cycle, etc.

I'm not a true believer like John but he has legitimate points and his belief in BTC along with some risk taking has made him a millionaire. I'm really just an investor so I try to time the up cycles.
 
Still waiting here to see those broker statements... come on, let's see some data.

For my end... today's log:

Overnight Bitcoin FutureOptions: ~ -$500
Short Options: + $4,631
Long Options: +$1,816
----
Net Total: $5,947
 
There is only a finite number of Mt. Gox receipts, and those numbers are thinning. As that number converges to a much smaller number.... demand 'must' go up.

Bears are destined to lose this 60k front over time... barring some swan event. Regardless, I can wait for many, many weeks on my cash-settled FOPs.

:strong:
 
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