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What IF this is all a smoke screen?
We have seen a constant price suppression for a while now. Just as the Bitcoin price wants to break out, it is being pushed down again. Why would that be? Well, it can be several things :
~ Normal corrections.
~ People taking small profits with every spike in the price
~ Manipulation to keep the Bitcoin price low, to slow down adoption. <Our competitors know, price spikes draw investors>
~ Price manipulation by people invested in Bitcoin Futures to keep the price stable.
My latest conspiracy theory is this :
Someone has seen the future <Ok, Ok.... not the way you think> They recognised that Bitcoin will be going to the Moon soon, and they want to buy as many coins as possible <at the lowest price> before this happens. How do they do that? Well, by buying a lot of coins <Which would explain the sudden price increase from $1000 to $18 000 last year> and then gradually dumping those coins back onto the market, with every bad news that are announced. <They bought at $1000 to $6000 to stimulate a frenzy and it worked, because it went up to $18 000>
They only need to trigger a panic response with every little dump, to push down the price. So it requires a lot less coins to do that. <Remember, they are still making profits on their way down to their buying price> They cannot dump all those coins at once, because it will tank the price, so they dump it slowly.
This is where the Long Con is coming in. As soon as the price hits a All time low, they start aggressively buying back in at a much lower price again and this triggers a buying frenzy again.
Rinse and repeat and you make tons of money, selling on the way down. When it is at a all time low, they can buy back massive amounts of coins at a very low price to maximise their profit, when it goes to the moon.
This is the only thing that I can come up with, to explain the economy behind this price movement. What do you think?
We have seen a constant price suppression for a while now. Just as the Bitcoin price wants to break out, it is being pushed down again. Why would that be? Well, it can be several things :
~ Normal corrections.
~ People taking small profits with every spike in the price
~ Manipulation to keep the Bitcoin price low, to slow down adoption. <Our competitors know, price spikes draw investors>
~ Price manipulation by people invested in Bitcoin Futures to keep the price stable.
My latest conspiracy theory is this :
Someone has seen the future <Ok, Ok.... not the way you think> They recognised that Bitcoin will be going to the Moon soon, and they want to buy as many coins as possible <at the lowest price> before this happens. How do they do that? Well, by buying a lot of coins <Which would explain the sudden price increase from $1000 to $18 000 last year> and then gradually dumping those coins back onto the market, with every bad news that are announced. <They bought at $1000 to $6000 to stimulate a frenzy and it worked, because it went up to $18 000>
They only need to trigger a panic response with every little dump, to push down the price. So it requires a lot less coins to do that. <Remember, they are still making profits on their way down to their buying price> They cannot dump all those coins at once, because it will tank the price, so they dump it slowly.
This is where the Long Con is coming in. As soon as the price hits a All time low, they start aggressively buying back in at a much lower price again and this triggers a buying frenzy again.
Rinse and repeat and you make tons of money, selling on the way down. When it is at a all time low, they can buy back massive amounts of coins at a very low price to maximise their profit, when it goes to the moon.
This is the only thing that I can come up with, to explain the economy behind this price movement. What do you think?
I recently saw a news where someone showed that there are about a quarter million bitcoins in a single wallet. Such people can manipulate prices easily.
