Millions of people die every year due to pulmonary and respiratory diseases. I'm not talking about thousands, but millions.
Now the medical establishment is marking anyone who died, and happened to have a respiratory issue, as a victim of the coronavirus.

Its pretty easy to inflate any number that way. If someone dies in a car accident, but had bronchitis during his life, they will say it was the coronavirus. If someone is murdered, and was a inveterate smoker, then it was the coronavirus. Thats why I gave the name "coronacircus" to it. Its a staged pandemic, with the sole purpose of bringing a black swan event.

The recent crash has proven it is not.

Bitcoin was built to withstand those crisis. The COVID19 black swan event was a crucial opportunity for bitcoin to show its worthy as a store of value. Instead, it dropped more than the stock market (with the exception of flying companies), thanks to the derivatives casino called Bitmex.

I pointed out several times bitcoin would have the same destiny of gold if paper speculation was allowed in the sector. Now every idiot out there want to blame COVID19, but by doing that, they are admitting bitcoin is not a store of value, since it followed the legacy system in the crash.

What to do from here? I'm going to apply a inverted DCA strategy, where, instead of buying small quantities periodically, I will be selling, until my stash is depleted. This will give enough time for bitcoin to rebounce, but make no mistake, it is not a store of value anymore, much less a currency for daily use. Unless something is done against paper speculation, bitcoin will be no more than a product from the fiat system.

COVID19 is a hoax.

Here is why chinese were falling dead in the streets of Wuhan:

https://www.loc.gov/law/foreign-news/article/china-vaccine-law-passed/

This is not fake news. They were vaccinated in December 2019.

SARS, coronavirus and influenza are the same virus.

Keep your dogmas for yourself, hodler priest.

I'm going for a inverted DCA strategy, where I will sell fractions of bitcoin each month.
I think its the best way to get out. If you sell all of a sudden, and the government decides the COVID-19 drill is over, the price will certainly go up, and you will lose profits (or the opportunity to mitigate losses). A inverted DCA is as good for a bear market as a standard DCA is for a bull market.

$500-$700 at end of 2020.
$12k-$15k at end of 2021.
$5k-$6k at end of 2025.
$0.85 march 2028.

Sorry, this is the truth. Bitcoin failed its purpose.
People will run to whatever "solution" the government throws at them.
COVID-19 is here to show how people are compliant to the State.
Everything's closed. Industry, commerce, even farms.
The obedience is proof bitcoin will be replaced by a State-controlled cryptocurrency.
We will have two or three more chances to get out, and accept the defeat.

They did this several times in the last two years, to such a extent its impossible to convince someone to buy.
Its a systemic issue with the crypto markets. Every crypto released start as a ponzi scheme, market-wise, and to tackle this it needs large-scale adoption. But you cant have adoption when a single whale can destroy an exchange book shorting 1k bitcoins on it.

The only way to solve this is through collusion on the down side, putting several mechanisms to stop massive shortings after a certain value. Some exchanges could be doing this already, but not all of them, and thats why it needs a new consensus on the algos. They are not doing this, though, because "muh freedom to kill the market" is more important than bitcoin adoption by the average Joe. If the bear market turns out to be permanent, there is no reason to hold, you can just sell at 10k and rebuy at 5k.

Why people always go all-in in one way or another?
I'm not going all-in in fiat because fiat is as vulnerable as bitcoin. There is no safe haven right now.

My plan is to sell between 1.5% and 2% of my stash each month.
This will give time for bitcoin to rebounce after the halving and go back to ATH, or to hit sgbett's prediction. If the second case is true, I can rebuy what I sold at that level, although if the price breaches the 3k area, it will be open to the three-digits area, where I can scoop more coins. Its possible the price wont stop at sgbett's prediction and will fall even more.

In the previous two halvings, bitcoin was on a bull market right before the event. The bear market of 2013-2015 lasted for 18 months, if I can recall correctly. The current bear market is already 28 months long, the largest in bitcoin's history, which begs to question if bitcoin will have the same destiny of gold (ie, permanent bear market).

After the halving in 2016 bitcoin reached the ATH from 2013 pretty quickly. This could happen again, but we dont know for certain, as the bull market didnt start this year. There are people who even compared the recent crash to the 2015 crash, which would put bitcoin one year before the halving.

Personally I dont believe we will see a ATH anymore, due to bitcoin being "legitimized" by the legacy system, but it is always good to play safe and not going all-in in fiat. You can notice I'm applying a inverted DCA here.

Just because he supports it, does not mean he will not acknowledge the manipulation which happens in this market, where 1% of the users controls 99% of the supply, and most of those who came later wants to gamble with it.

Supporting bitcoin does not mean you cant criticize it, be it in a technological level, or on a market/speculative level. Only the hodlers cult thinks otherwise, and wants you to keep repeating "hodl hodl" like a brainlet retard, holding a empty bag while the market plunges to sub-1000s levels.

Stalemate is a sign of a bear market. The price go to "hibernation", hence the term "cryptowinter". If the price keeps going sideways, its just a matter of time before it plunges again.

Next stop is around $4k, and it will go down suddenly, since the market is manipulated. The whales only need some news about another virus coming. China is also on the brink of a civil war. If the conflict escalates, this might affect bitcoin in a unpredictable way. If it goes down, expect $2k, and if up, then the price will shot to $14k due to new demand. This will depend on how much compromised the chinese mining companies could be.

Only now I'm paying more attention to this guy. Can someone tell me if his forecasts are trustworthy? What method he uses for TA?

I also want to know more about STOs. Do Armstrong supports them, and for what reason?

It lasts as long as there is internet to support it.
If the future world government decides to close the internet for a week, then bitcoin go to zero.
So "forever" is a bit relative here.

The global pandemic/hysteria is causing a global recession, what is so hard to understand?
Gold is not a hedge anymore because it was submitted to derivatives speculation. You can store gold as much as you want, next financial crisis will make its price drops as anything else.
Bitcoin was meant to be different. Unfortunatelly, not anymore. We are all on the same board with the fiat system. Any global recession will bring everything down, including bitcoin.

Bottom seeker, no doubt.
I had my time as a "brave holder". Today I'm more inclined to use reason than just light a candle and pray like they do.

I did agree with Tone Vays that $3.8k have 90% chance of being the bottom. However, he didn't factored into his speculation what is happening behind the global hysteria. So, the other 10% chance is much more likely to happen, and for this reason I'm not buying anything. Any other virus released will result in another crash.

One thing that might make bitcoin go up is if the US government outlaw the buyback in their stock exchanges. Without a buyback function available, those investors might run to bitcoin, which not only allow for buybacks freely, but also dont have circuit breakers. However, this is a two-edged blade, and bitcoin will go down much faster than up. If it goes up, though, I'm going to sell the 2019 DCA coins. DCA proved to be a stupid strategy, which leads to losses in a medium term (3 to 5 years). It only works in a bull market.

I believe it will fall to $700-800 at the end of the year.
There will be three or four more crashes in stock exchanges, each with a new virus being released. I read the next one is called "hantavirus".
Bitcoin will follow it, as it was proven to be worthless as a hedge against fiat financial crisis.

The halving might change this outcome, though, but we will not see the effect immediately.
One thing that might help is the exchanges reaching a consensus about putting circuit breakers on their books. These controls exists in the stock markets, and although they wont avoid the crash, it makes the impact less painful.

In the recent crash, bitcoin was poised to go to zero. It didnt happen because of a hardware failure in Bitmex servers. This level of vulnerability to derivatives dont happens with other assets. Exchanges should change their algos to provide some measure of security to its traders.

As for the retarded hodler cult, I would not listen to anything they say. In fact, I've put most of their members into the ignore list. They do make holders looks like retards. In fact, holding for a 500-year long bear market is a retarded thing, so do your research and sell a small part of your stash, if you feel this crisis might last more than you planned to hold bitcoin (usually five years for most people). Just dont go all-in in both directions, as banks are also vulnerable to this crisis and we dont know what governments are up to. Right now entire regions around the world have become prisons because a dozen people died from pneumonia.

A second shake of the stock market is coming next week, with the release of the "hantavirus". There is already one confirmed case in China of this old form of pneumonia.

The panic! And of course, bitcoin is going to follow the stockmarket, which is all the hodlers cult (tm) wants, so expect a plunge back to 3k. Also the miners adjusted the difficulty today, to a lower value, which will give us 2k after the plunge, opening the way to three digits. Short some now and buy back later, and if you cant buy, it will be no problem, as it will be useless when the new global centralized cryptocurrency hits.

We are looking at a financial reset, folks, do not triffle with it. This is no time for group thinking and internet cliques.

Banks are benefiting from this staged crisis. Every time the government prints money, banks benefit from the upcoming inflation, as people tend to stock more money in the bank and spend less due to it. The dollar will eventually collapse, but there is talk about a crypto-dollar which will come to replace it, together with universal income (a way to blackmail people after they lose their jobs, due to "social distancing"). They researched the blockchain and will use it for ID tagging and create money out of thin air (I doubt they will use PoW, much likely to use PoS). I dont know if this system will benefit bitcoin or not, since bitcoin crashed together with the stock market, so it might be purged alongside paper dollar. It is possible small banks will collapse, and bigger ones will go full-digital in the new system.

Fuck you. Get a very big dildo and bury it in your ass.

Three economic signals that indicate that Bitcoin will see an increase...


...in bear activity.

First: bitcoin is relatively unstable. Just look at the 28-month bear market, and the way bitcoin crashed after the coronacircus started. Bitcoin crashed more than any other asset on Earth.

Second: the halving is around the corner. With it, will come all the false hopes fueled by the hodlers cult (tm) which, experience tells, always results in crashes. There will be a halving of the difficulty, a halving of miner profit and a halving of the price caused by derivatives, which gives us a boost in bear activity.

Third: covid-19 is a nightmare, specially for bitcoin. As explained above, bitcoin fragility in face of the coronacircus worldwide panic showed the bears are here to stay, and we will have a eternal, permanent bear market.

So yes, I agree with the article. Its pretty good and solid. HODL.

Tell us more about STOs. Are they useful? Can they be trusted or are they just more pump and dump schemes?
Can I buy them with bitcoin? In what exchanges? I dont want to spend fiat on any non-crypto trade, too many regulatory restrictions.