Hang on... are you saying that institutional investors haven't really sent $70 billion in cash to an unaudited, unregulated offshore entity with a lengthening known history of bank fraud and money laundering, in order to buy bitcoin, rather than just buying it on Coinbase?
Bitcoin's W5 Down has begun
- Thread starter Wallace
- Start date
Hang on... are you saying that institutional investors haven't really sent $70 billion in cash to an unaudited, unregulated offshore entity with a lengthening known history of bank fraud and money laundering, in order to buy bitcoin, rather than just buying it on Coinbase?
Actually no it didn't dip that weekend, it went up after the depegging of the USD. Did you look at the chart? Here, I did it for you. The arrow is the same day the news came out, and there was actually a rally when it happened. USDC was down 20% Bitcoin ralled from $20,222 to over $28,000 the same time that news came out. The arrow on the chart is March 11th, the same time USDC depegged from the dollar, and it depegged for a few days even.
Look at the chart bud, don't just say random things to back up your statement. I'm not making this stuff up.
Last edited:
thanks for confirming. It did dip to 20k and then printing press was turned on for pump.
It was already dipping before the depegging. And when it deppegged it rallied. Wrong again
that is why it was falling. SVB news were all
Over the place. Same game, bad news, pump turns on.
Oh, so you're saying the dump was FROM SVB and not from USDC losing 20% of it's value? Imagine that.
Next time do a Google search before you talk so this doesn't happen again in the future...
it was all happening together. Your own chart shows this. Not sure why you are so confused.
And here's Elliott waving goodbye to his money:
