BTC drop: everything you need to know

The Blackhat Guy

The Blackhat Guy

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I decided to open this thread to point the real reasons why btc is dropping.
Idiots who believe this is because of fb ads - chinese new year - wallstreet - manipulation, this is just stupid, and if you really belive in those, then u're an idiot.
"crypto is prohibited on fb ads" - yeah, same as penises. Did the penises dropped? I strongly doubt.
"chinese new year - ppl withdraw for holidays" - sure! those millionaires who are all-in into btc just withdrew a few miliions of $$ to celebrate the new year, but they will invest back. sounds resonable.


Real reasons for btc drop:
1. Korea spreading FUD, India/China banned crypto
As you can guess, only China matters from here. They were the biggest traders and boom, the market just got a huge hit.
2. After BTC raised over $12k, BTC got a large attention from televisions and a lot of noobs came here hoping they will get rich quick, of course at the first drop they sold to cut their losses and now it have a domino effect.

Some gurus will try to convince you that their graph/chart is good: BULLSHIT.
Everyone you see is doing TA on bitcoin - trust me - is a scam. Everything that it happens on BTC is just because of the news, laws, govs. Nothing to do with TA (tactical analysis).

Will BTC recover?
My 2cents: Yes, I'm pretty sure. Invest responsable. It might get to $100k by the end of year.


Oh, I almost forgot: "price manipulation - they manipulate the price down to can buy more btc" - I dont even want to argue with this, if you are stupid enough to believe this.
27459074_171054573513453_6958248238071383894_n.jpg
 
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Solid shit, could you extrapolate on why you think it will reach magnonimous hights in such a short time period?
 
When news like this pops up, it doesn't change how my thinking goes. Since Bitcoin has been through this numerous times nothing crashed as bad as anticipated or instills me with fear. Don't ever give up on Cryptocurrency... One step back 5 forward. Nice points about it coming to $100,000 post-2018.

I like how much BTC became, news / hype stories of any kind boost popularity effectively to allow for compound growth following cyclical falls.
 
You have no idea what the fuck you are talking about.

This is just a regurgitation of various things that have been posted already, compiled into one thread, calling things a scam, followed by a wild claim that BTC will get to $100,000... you're "pretty sure", then calling people stupid, then posting a meme.

Just spreading more nonsense based on nothing but your personal view of the situation. People reading this thread, like the posters above and yourself @BigTroll, are going to extrapolate what they want to hear.
 
Apart from everything you are misinformed that cryptocurrencies are banned in INDIA. It's just the govt. does not recognize BTC as a legal tender. The case is same as in case of gold. What they actually mean is that they don't recognize it as a legal tender so trade invest in crypto at your own risk.
 
Yeah it's going down faster than a 2 dollar hooker - but it'll be $100K by the end of the year.

Wise words were not spoken in that bit.
 
I agree with you but I think there are a few other factors as well. I think over all people have just lost confidence in BTC, rightly or wrongly. Basically if it can't be accepted into the mainstream then its not going to get anywhere near 100k IMHO.

I think it will probably recover at some point and it will be accepted, but I don't know when. And I am not so sure its hit bottom yet.
 
So you saying that seeing how almost 500 Billions entered and exited the market in couple of months of period to you is all normal ? And its all from regular Joe`s that invested some money here and there ?

You saying things like the Tether printing dont affect bitcoin prices at all, and somehow magically Bitcoin will go up to 100K ?

Hope this is just another one big troll..
 
Richest 1% own half the world's wealth...and it will stay this way...

The richest people on our planet own lots of corporations, banks, governments etc. They don't like (and never liked) means through which ordinary people could gain large amounts of wealth quickly.

Why? Because they don't want new members in their club.Why are they hatin' like this? Because the club has limited 'slots'...they don't want a world where everybody is fuckin' rich.
Crypto and ICO's are mechanisms which allow ordinary people to become very rich.

What do you think the richest people on earth (which, 'accidentally', are the most influential, too) do now?
Yes...exactly...do everything in their power to eliminate these mechanisms.
 
Sherb said:
You have no idea what the fuck you are talking about.

This is just a regurgitation of various things that have been posted already, compiled into one thread, calling things a scam, followed by a wild claim that BTC will plummet to 0$... you're "pretty sure", then calling people stupid, then posting a meme.

Just spreading more nonsense based on nothing but your personal view of the situation. People reading this thread, like the posters above and yourself @Sherb, are going to extrapolate what they want to hear.
Click to expand...

Fixed that for you sir
 
BigTroll said:
I decided to open this thread to point the real reasons why btc is dropping.
Idiots who believe this is because of fb ads - chinese new year - wallstreet - manipulation, this is just stupid, and if you really belive in those, then u're an idiot.
"crypto is prohibited on fb ads" - yeah, same as penises. Did the penises dropped? I strongly doubt.
"chinese new year - ppl withdraw for holidays" - sure! those millionaires who are all-in into btc just withdrew a few miliions of $$ to celebrate the new year, but they will invest back. sounds resonable.


Real reasons for btc drop:
1. Korea spreading FUD, India/China banned crypto
As you can guess, only China matters from here. They were the biggest traders and boom, the market just got a huge hit.
2. After BTC raised over $12k, BTC got a large attention from televisions and a lot of noobs came here hoping they will get rich quick, of course at the first drop they sold to cut their losses and now it have a domino effect.

Some gurus will try to convince you that their graph/chart is good: BULLSHIT.
Everyone you see is doing TA on bitcoin - trust me - is a scam. Everything that it happens on BTC is just because of the news, laws, govs. Nothing to do with TA (tactical analysis).

Will BTC recover?
My 2cents: Yes, I'm pretty sure. Invest responsable. It might get to $100k by the end of year.


Oh, I almost forgot: "price manipulation - they manipulate the price down to can buy more btc" - I dont even want to argue with this, if you are stupid enough to believe this.
27459074_171054573513453_6958248238071383894_n.jpg
Click to expand...
Nice explanation :D this is exactly why I never clicked on BTC price thread lol
 
Everybody can't be rich, honestly.

Hitch hikers guide to the universe - the leaf is theunit of currency, john Law early 1700s France, etc.

It's not possible, if everyone is rich money has no meaning.
 
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