I vote this as dumbest post of the year.
But we shouldnt be surprised since its coming from you
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
But we shouldnt be surprised since its coming from you
it's just a new cycle, with the narrative being institutional money (ie Bitcoin ETF and eventually Ethereum ETF) ..eventually there will be crypto ETFs covering various coins and mutual funds probably
Its actually good Bankman got busted because it will serve as a deterrent to other scammers.
I hope they lock him up for 20 years minimum
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I hope he gets a minimum 20 as well. But it won't change a thing.
Crypto is still a total far west that can make the big guns screw you without a single chance of recuperating anything in case of fraud.
Approaching 69,000 and an all-time high. This pace has been absolutely breathaking. If the magnitude and pace don't abate, I'm beginning to believe we can see $500,000 sometime next year. Unreal.
This man saw the future and potential of Bitcoin ten years ago, when it was $1. He begged everyone to buy it .
This is where he is today:
I was on the verge of buying Bitcoin when it was $100, but back then it wasn't as easy as going to Coinbase, so I didn't pursue it. I probably would have sold when it reached $1000 anyway, lol.
This is where he is today:
I was on the verge of buying Bitcoin when it was $100, but back then it wasn't as easy as going to Coinbase, so I didn't pursue it. I probably would have sold when it reached $1000 anyway, lol.
This will be an interesting thread to watch over the next few months. lol
To be clear, I believe the technology and Bitcoin itself is a wonderful innovation. It allows people to freely exchange money to anyone else in the world, almost instanteously and anonymously. With banks, there are so many limitations. They are closed on weekends and holidays, you have a hard time wire transferring big sums of money, you have to wait it long lines, the banks get nosey and ask you all sorts of questions. There are issues with tax, fraud, conveneince, etc.
Where the scam part, and ponzi scheme comes in is the manipulation of the price by the people at the top. They are making a killing off of hyping Bitcoin up, having people buy it, and then dump, and repeat the process. The people who got in early make a lot of money if they exit on time. Those who buy into it later because of fomo, buy in at the peak excitement, at the top. Then the crash comes, and they're left holding the bag. It happens every time.
The people who own the media companies such as CNBC use the media to manipulate the market and sentiment, so that they can influence when and where the money flows, and make those at the top money. Jim Cramer is NOT out there to make you money. He's a puppet who's being used to feed the narrative that the people at the top want.
The people at the top KNOW this bitcoin cycle. But do you hear Jim Cramer explaining the cycle, and telling them to get in at the lowest point (early January), and then holding and selling next year? No, he does the fucking opposite, and tells you NOT to buy crypto, but to buy gold.
www.cnbc.com
That's where the scam part comes in. The creator of Bitcoin never had the intention to use Bitcoin as a ponzi scheme, Bitcoin in itself is giving people the power over their own money. Right now the government is printing money, and making the money you worked so hard to earn worth less and less. It's not that prices are going up, it's that your money is worth less. That $3 burger is now $5 because the government made your money worth less. They stole the $2 from you. This is the same thing as them robbing you. They are stealing money from you to fund their programs. With Bitcoin, that can never happen, as the supply can't be artifically created out of thin air. That's why Bitcoin has value, and will probably continue to. The same can't be said about fiat currencies such as the dollar. Look at all the currencies around the world that have become worthless because of corruption. They are fucking over the people.
While Bitcoin is not a scam, there are many cryptos out there that are, such as Squid, etc. that are. NFTs are also a scam. The problem is that there is a tendency to lump all of crypto into one basket, but it's not as black and white as it seems.
There is one way that Bitcoin in itself could be a scam. And that is if the creator's intention was for Bitcoin to never have been a decentralized form of currency, but a way to make him billions of dollars. If so, Bitcoin would an extremely sophisticated and elaborate scam by the genius of the century.
Where the scam part, and ponzi scheme comes in is the manipulation of the price by the people at the top. They are making a killing off of hyping Bitcoin up, having people buy it, and then dump, and repeat the process. The people who got in early make a lot of money if they exit on time. Those who buy into it later because of fomo, buy in at the peak excitement, at the top. Then the crash comes, and they're left holding the bag. It happens every time.
The people who own the media companies such as CNBC use the media to manipulate the market and sentiment, so that they can influence when and where the money flows, and make those at the top money. Jim Cramer is NOT out there to make you money. He's a puppet who's being used to feed the narrative that the people at the top want.
The people at the top KNOW this bitcoin cycle. But do you hear Jim Cramer explaining the cycle, and telling them to get in at the lowest point (early January), and then holding and selling next year? No, he does the fucking opposite, and tells you NOT to buy crypto, but to buy gold.
Charts suggest investors should ignore ‘crypto cheerleaders’ and stick with gold, Jim Cramer says
Jim Cramer urged investors not to let bitcoin's recent gains tempt them into buying crypto.
www.cnbc.com
That's where the scam part comes in. The creator of Bitcoin never had the intention to use Bitcoin as a ponzi scheme, Bitcoin in itself is giving people the power over their own money. Right now the government is printing money, and making the money you worked so hard to earn worth less and less. It's not that prices are going up, it's that your money is worth less. That $3 burger is now $5 because the government made your money worth less. They stole the $2 from you. This is the same thing as them robbing you. They are stealing money from you to fund their programs. With Bitcoin, that can never happen, as the supply can't be artifically created out of thin air. That's why Bitcoin has value, and will probably continue to. The same can't be said about fiat currencies such as the dollar. Look at all the currencies around the world that have become worthless because of corruption. They are fucking over the people.
While Bitcoin is not a scam, there are many cryptos out there that are, such as Squid, etc. that are. NFTs are also a scam. The problem is that there is a tendency to lump all of crypto into one basket, but it's not as black and white as it seems.
There is one way that Bitcoin in itself could be a scam. And that is if the creator's intention was for Bitcoin to never have been a decentralized form of currency, but a way to make him billions of dollars. If so, Bitcoin would an extremely sophisticated and elaborate scam by the genius of the century.
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Finally one of the few people on here who know what they are talking about.To be clear, I believe the technology and Bitcoin itself is a wonderful innovation. It allows people to freely exchange money to anyone else in the world, almost instanteously and anonymously. With banks, there are so many limitations. They are closed on weekends and holidays, you have a hard time wire transferring big sums of money, you have to wait it long lines, the banks get nosey and ask you all sorts of questions. There are issues with tax, fraud, conveneince, etc.
Where the scam part, and ponzi scheme comes in is the manipulation of the price by the people at the top. They are making a killing off of hyping Bitcoin up, having people buy it, and then dump, and repeat the process. The people who got in early make a lot of money if they exit on time. Those who buy into it later because of fomo, buy in at the peak excitement, at the top. Then the crash comes, and they're left holding the bag. It happens every time.
The people who own the media companies such as CNBC use the media to manipulate the market and sentiment, so that they can influence when and where the money flows, and make those at the top money. Jim Cramer is NOT out there to make you money. He's a puppet who's being used to feed the narrative that the people at the top want.
The people at the top KNOW this bitcoin cycle. But do you hear Jim Cramer explaining the cycle, and telling them to get in at the lowest point (early January), and then holding and selling next year? No, he does the fucking opposite, and tells you NOT to buy crypto, but to buy gold.
Charts suggest investors should ignore ‘crypto cheerleaders’ and stick with gold, Jim Cramer says
Jim Cramer urged investors not to let bitcoin's recent gains tempt them into buying crypto.
That's where the scam part comes in. The creator of Bitcoin never had the intention to use Bitcoin as a ponzi scheme, Bitcoin in itself is giving people the power over their own money. Right now the government is printing money, and making the money you worked so hard to earn worth less and less. It's not that prices are going up, it's that your money is worth less. That $3 burger is now $5 because the government made your money worth less. They stole the $2 from you. This is the same thing as them robbing you. They are stealing money from you to fund their programs. With Bitcoin, that can never happen, as the supply can't be artifically created out of thin air. That's why Bitcoin has value, and will probably continue to. The same can't be said about fiat currencies such as the dollar. Look at all the currencies around the world that have become worthless because of corruption. They are fucking over the people.
While Bitcoin is not a scam, there are many cryptos out there that are, such as Squid, etc. that are. NFTs are also a scam. The problem is that there is a tendency to lump all of crypto into one basket, but it's not as black and white as it seems.
There is one way that Bitcoin in itself could be a scam. And that is if the creator's intention was for Bitcoin to never have been a decentralized form of currency, but a way to make him billions of dollars. If so, Bitcoin would an extremely sophisticated and elaborate scam by the genius of the century.
Regarding the FOMO this is why you create a strategy. Say you will buy $600 each month and make sure you always buy it when the price is less then you bought it the previous time. Then just wait. Set a goal for yourself when to sell and have an exit strategy such as in emergency that you define to sell at a loss. Create this plan before you buy it first. Make sure you stick with it. Write it down somewhere . Then the market manipulators can go fuck themselves. The thing with bitcoin is that some of these market manipulators are enemies and want to see the other loose their bags and inflict damage. We are just bottom feeders at least 98% of people on here who own it.
I think Satoshi still didn’t sell his stash and a lot of people who know who this person are keeping it a secret. I don’t think we will ever know as it should be.
Also anyone who takes Jim Cramer seriously needs to get their head examined. Since 2010 he has been making horrible calls. Now people use him to manipulate the market and do the opposite of what he says.
Most likely. I find it hard to believe a single person could pull this off. Also, the fact that they are anonymous is kind of sketchy.
It would be funny if they intended it to just be sophisticated scam but it ended up revolutionizing the world's monetary system.
Why do many market manipulators make the price of stock go down instead of up?
Answer (1 of 11): Market manipulators make the price of stock go down for exactly one reason: they want to be able to buy large amounts of it. If a market manipulator starts buying large amounts straight away, their buying will move the stock price higher - that's not a good outcome, as by the t...
This is just like the stock market, people at the top are maniuplating the price to their benefit. The whales are working together, and they hold hundreds of millions, if not billions to be able to move the price of bitcoin as much as they want.
Now that many people panic sold or stop losses were triggered, there was mass selling and prices went down even more. They then buy back at a lower price, pocketing millions. This market manipulation is nothing new, and we'll see a lot of it in Bitcoin this year and next.
Just keep in mind that the only things that dictate the price of Bitcoin are demand and supply. Supply is always get smaller, especially with the halving and whales hoarding. There will always be a demand, because this is like a lottery. The price keeps going up and up, and everyone wants a part of that.
Just trust me on this one thing. They are fattening up the price of bitcoin using every tactic they can. And when the end is near next year, they will sell everything at one go.
This is why you have to be super careful if you own a bitcoin ETF. Bitcoin ETFs cannot be traded on weekends and holidays. Imagine it's the end of the cycle, and you haven't sold yet. It's Friday afternoon of a long weekend, and BTC just hit $400,000. Then, suddenly over the next three days Bitcoin crashes hard: 50%. You will feel sick and helpless as you watch all your money vanish.
There will be two peaks next year: one in the spring and one in the fall. The one in the fall will be bigger, but carry more risks. The price can come down very suddenly, as this is the prize they are seeking, and they will rug pull you when you least expect it.
www.youtube.com
Now that many people panic sold or stop losses were triggered, there was mass selling and prices went down even more. They then buy back at a lower price, pocketing millions. This market manipulation is nothing new, and we'll see a lot of it in Bitcoin this year and next.
Just keep in mind that the only things that dictate the price of Bitcoin are demand and supply. Supply is always get smaller, especially with the halving and whales hoarding. There will always be a demand, because this is like a lottery. The price keeps going up and up, and everyone wants a part of that.
Just trust me on this one thing. They are fattening up the price of bitcoin using every tactic they can. And when the end is near next year, they will sell everything at one go.
This is why you have to be super careful if you own a bitcoin ETF. Bitcoin ETFs cannot be traded on weekends and holidays. Imagine it's the end of the cycle, and you haven't sold yet. It's Friday afternoon of a long weekend, and BTC just hit $400,000. Then, suddenly over the next three days Bitcoin crashes hard: 50%. You will feel sick and helpless as you watch all your money vanish.
There will be two peaks next year: one in the spring and one in the fall. The one in the fall will be bigger, but carry more risks. The price can come down very suddenly, as this is the prize they are seeking, and they will rug pull you when you least expect it.
Chinese Whales Dumping Bitcoin on Video
Save 10% off every Binance trade by using: https://accounts.binance.com/en/register?ref=DDB3O8EZ
www.youtube.com
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Bitcoin wicked all the way up to about $ 69,500 and then Algo traders wicked it down to about $ 63,350 area .
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Seriously though,this is a buying opportunity. They just gave you a discount.
