The posters do not UNDERSTAND what Bitcoin actually is.
Someone said - "Damn, I don't think we will see it go that low, but the amount of buying if it ever did dip that low would be through the roof. "
Bitcoin is NOT a store of wealth.
Bitcoin is a TRANSFER of wealth.
You cannot cash out unless someone else cashes in.
Look at the Bitcoin rich list. What do you see?
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
There are 20,398,362 addresses holding Bitcoin
.42% of those addresses hold 86% of Bitcoin
This market is manipulated. You do not know who owns that 86%. They might be all friends. They might be a small
group that established themselves when Bitcoin started. You will never know.
This program has NEVER been about the coins
It has always been about the BETS THAT WALLSTREET CAN PLACE ON THE COINS MOVEMENT
Wallstreet is a casino and Bitcoin is a new gambling game
They are the "smart money". You are the "stupid money"
It is their job to extract revenue from you.
You are the sheep. You are fleeced. You go back to work creating more revenue for the next cycle.
Stocks. Bonds. Mutual Funds. EFTs. Options. Metals. Crypto.
It is ALL THE SAME THING.
Crypto is the worst because it is virtual. Nothing backs it. It does not really exist.
Never spend more on the "markets" than you can afford to lose.
You WILL lose.
Go into cash and wait for the market and crypto reset.
Remember - It is NOT the return on principle that is important. It IS the return OF principle that matters.
Sincerely,
The Eye