Bitcoin now at 32600. Why is it going down so much ?

FBI got back 4.4 mil in BTC from hackers who hacked pipeline. Trust fell and people think bitcoin is hackable when actually FBI didn't hack blockhain, they just got access to cloud server that hackers where using.
If you ask me it seems like made up reason or something else. I find it hard to believe that hackers where that dumb
 

Colonial Pipeline ransomware hackers today yesterday was Trump. Last week china China banned it or was that the week before .? Tesla and Musk before that and I mean every 2nd article is basically saying crypto mining is the worst thing possible with the carbon emissions it burns.. But hey we live in a world where the bigger the gas tank the more brain cells you have so go figure..​

 
It's highly lucrative for big investment firms to go against what most people buy or sell. News dictate when to buy or sell. A lot of normal people are expecting crypto to go higher. So, I believe it won't surpass 35000 and it will go even lower than 25000 over the next few months.
 
And for some reason, I am doing crypto shopping.
 
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Bitcoin next support level at 28k+. If drop below this price, then the next support would be at around 19k. So it would be a good time to buy if any sign of candlestick reversal is shown when price is close to $18k-$22k with a cut loss at around $18k.
 
My theory? It's being manipulated down by whales and institutions. There is a crazy amount of FUD lately and it's scaring retail. But if you ignore the FUD you just see continued adoption and acceptance everywhere. I believe these manipulators are sending it down more so they can accumulate more. I mean.. I would do that if I could, wouldn't you??

PS: My cryptominer stocks got raped today but I bought more. Losses recovering now. I'm confident. Buy your shit and forget about it. Only pay attention if you plan to buy more.. wake up in 2025, 2030, and enjoy your pink lambo.
 
If you bought a $1000 of Bitcoin 4 years ago today you could sell now for $11249

So whats the problem?

A real investment in something you believe is worth it is always long term.

Anything shorter is pure gambling.
 
Bitcoins are being withdrawn from cryptocurrency exchanges more actively than ever. According to Glassnode, such indicators were last recorded in November 2020.


According to this, everyone is free to understand what actually happen. ;)
 
Elon Musk is playing with BTC )) I think soon it's will be 1k or less
 
Cracks me up so much that when it's high, lots of people are complaining that it is too expensive and they are waiting for it to be cheaper. Then when it's low, everyone is complaining saying it's too low and it's a bad investment! If you believe in Bitcoin, or any other crypto, then it's great news how low it is right now!!!!!
 
It's very, very, very bizarre. Within almost any context you're judging it by.

This is one of the hardest and most consistent shakeouts I've ever seen.

When this is over, those that sold will be kicking themselves though. There's a big, sharp climb ahead.
 
Elon Musk is playing with BTC )) I think soon it's will be 1k or less

Elon Musk is playing with BTC 100%. He's helping manipulate it. April he tweets in agreement that BTC incentivizes renewable energy. Later he starts his "BTC is bad for Earth" FUD campaign. Wut? And If BTC ever goes to $1k again I am going to be that dumb fuck that takes out loans and sells his wife's panties and bathwater to buy BTC. I'll now shit in one hand and hope in the other. I know what'll fill up first and it stinks... just like Elon. :D
 
Cracks me up so much that when it's high, lots of people are complaining that it is too expensive and they are waiting for it to be cheaper. Then when it's low, everyone is complaining saying it's too low and it's a bad investment! If you believe in Bitcoin, or any other crypto, then it's great news how low it is right now!!!!!

Agreed, these are the people who don't actually see it as an investment, but want to make a quick buck.

When it's low, they no longer see the quick buck because of the FUD

When it's high, the hyper makes them think they could have made a quick buck, and they want it to go lower.

My advice to people would always be, be confident in what you are investing before you invest, otherwise you'll just sell it at the first scare.

I have a big investment in one companies shares, it's 100% of my portfolio at the minute. Literally. Everything is pointing to it going down, until you look deeper, and everything is pointing towards it going up. Same applies to bitcoin, this FUD all points to it going down short term, but looking deeper, the long term is only UP.
 
So does anybody have any insight about this FBI thing? Just because you have the server, doesnt mean you have the keys unless they left them on there which would be ridiculously stupid and really isnt a complement to the FBIs abilities but the thieves stupidity lol
 
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