I'm not into ethereum, but I like their utility projects, which aims for decentralization of finance.

Its unfortunate that bitcoin failed its purpose as a safe haven against financial crisis in the fiat system. The DeFi sector was nearly destroyed in the recent plunge, according to this article: https://www.longhash.com/en/news/3287/How-High-Leverage-in-the-Crypto-Market-Crashed-Bitcoin-to-

Any link you can share about it? Seizure by governments seems possible.

Someone was buying those stocks during the market crash. Centralization of power around key companies.

This fake pandemic was all about crashing the global markets.

Yes, I was talking about a glitch. Recently there was a glitch where the mempool hashrate dropped to zero. Could it happen to the price as well.

I believe 10k will be the ceiling for six years from now on. It will take a long time for a recovery, and the exchanges will need to put some mechanisms in place to avoid this kind of situation again. Bitcoin dropped faster and lower than any other market in the world. Unless there is action against paper speculation, bitcoin will be in a eternal bear market, and we will never again see a ATH.

The exchanges have two choices: freedom (bear market) or collusion (bull market). Unfortunately, the community is too slow to react, thanks to the brainwashing from the hodl cult, which waits for the coming of the "bull messiah". As always, religion proves to be a hindrance for a solution. That's why I believe it will take 4-6 years for 10k.

Empty propaganda, devoid of meaning. This will never happen. Bitcoin is already 26 months in bear mode, with a 2000% leverage derivatives market gambling against its price. Hodler gonna hodl for 800 years with this promise of future gains which will never come. Its like those evangelical churches of the last days which preaches the coming of the messiah.

Bitcoin is not accepted by merchants, not even Steam and PayPal accepts it anymore, due to its 90% drops which happens in a matter of minutes. And cant shield the investor from financial crisis, as the current pandemic crisis showed. Useless as a currency, useless as a store of value, we will see 10k only in six years after its failure to deliver value to its holders. Its the time the hodler cult will need to convince people to buy again.

Sell it, OP.

One solution for it is to not sell everything, just a part of it (maybe half, if you are still on profit), and put the order to rebuy lower. So if you miss the mark, you will still hold some coins for future profits (in case of a recovery). People like to deal with absolutes, just look at the answers to my recent posts, you are either a member of the cult or a "nocoiner".

Just a quick reminder for everyone here: the initial intention of bitcoin was to shield investors when financial crisis in the legacy system happens. This was the original idea. And bitcoin failed the task.

However, I will not say the culprit is Bitmex, I will say, instead, that the culprit is the hodler cult, which brainwashed people into treating bitcoin as a religion, ignoring the issues surrounding its adoption. In this way, bitcoin was quietly infiltrated by the legacy system, and now its useless to shield investors from its caprices.

Needless to say, the hodler cult is allied with this doomed system, as some answers from its members to my posts clearly shows. In their view, to have a derivatives casino with 2000% leverage is "normal", even after its proven this caused the failure of bitcoin as a store of value.

They will keep hammering it as a "normal" business, because they are allied with it. So they brainwash people to buy and "hodl" for 200 years while they place bets on these derivatives markets, making fiat money out of people, and jeopardizing bitcoin in the long run.

I sold it to buy toilet paper.
Bought a truck full of it.

Toilet paper is the new currency.
Buy and hodl.

The bulltard cult is already trying all kind of excuses for the failure of bitcoin as a store of value.

Gold dropped 10%, bitcoin dropped 60%.
There is not much to be said here. The source of it was already identified: 2000% leverage with derivatives on Bitmex, which in this forum is seemed as something "normal", but didn't exist during the 2013-2015 crashes. Gold only crashed in this crisis because it also have derivatives, but with circuit breakers, hence the difference in drops.

This means bitcoin now is a casino, not a currency and much less a store of value. This is the result of many years of brainwashing from the "hodl cult", which dont want bitcoin to succeed as a currency, or as a store of value. They want you to buy and "hodl" for 200 years while they place their bets and made tons of fiat paper money. Dont fall for their lies.

The virus was engineered by a laboratory in Wuhan, and includes parts of tuberculosis and HIV. However, most of those reported with the virus dont have it, and most deaths also have nothing to do with it. Basically, anyone dying from pneumonia or from a cold is being marked in hospitals as a victim from the virus. The virus is real, but the pandemic is fake.

The ones who died in China, however, were infected by it. Since its a hybrid virus, it needs a push to work properly, and this was done with the 5G installed in Wuhan. The process of electroporation allows for remote control of the virus, through the use of nanomilimeter waves. These waves can penetrate the body and reach the cells, but they need an agent and a transmitter, in other words, the virus and the 5G cellphone.

The chinese population was vaccinated against coronavirus in December 2019.

OP forgot to put a point in the price.

The next target is $1.2k, followed by three-digits and eventually zero. The bouncing up from there will be very slow and it will take 6 years to go back to $10k, and 800 years to reach ATH.

Also miner capitulation is coming. I read the cost of a single bitcoin is around $8k, so anyone who sold it, know that you sold below its real value. Miners will not be able to hold this for much longer. After mining capitulation, price will be cut in half, like happened in november 2018. So we will go from $5k to $2.5k, which will means straight to $1.2k due to leveraged positions in futures trading. From there, the way to zero will be open, through the three-digits area.



#thepriceoffreedom
#coronacircus2020

The real dip will be in the three-digits area, with two-digits area for those who get lucky.
Most possible scenario is between $250 and $750.
Price is being driven down by Bitmex. Bitmex leads, the market follow. As simple as that.
After buying, prepare to hold for a very long time, possibly 4-6 years until the price go back to $10k.
The halving will also break 2/3 of miners, due to the low price. So we will have a slow network as well.

I found this about Bitmex:
https://www.forexbrokerz.com/brokers/bitmex-review

These derivatives could be used to pump the price of bitcoin, but they are never used with this intention, its always for evil purposes. Every time a asset get a derivative it tanks, and in some years its value and importance are lost. It happened with gold and silver, which used to be safe havens against financial crisis.

I dont believe we are going to see a new ATH.
When derivatives were applied to gold, the price tanked. But in the case of gold, there were breaks for shorting. Such breaks do not exist for bitcoin, so its quite possible the tanking will be even worse than what happened with gold. The maximum bitcoin will go will be $10k.

And when I said zero, it means something similar to what happened to the mempool, it will last for a very short time. People will say it was a "bug". But the two-digits and three-digits areas will be a reality. There will be much less buyers than we have today, specially if the virus mass panic continues for a long time.

I agree.
However, how much time for a long term investment do you believe this is leading too?

I believe we are going straight to zero in less than a month, and then a vaccine will be released for coronavirus in six months (the vaccine already exists, btw). After that, the price will tank on sub-1000 levels for two years, because there will be few buyers left. It will take five years to arrive at 8k, and maybe six years to arrive at 10k.

I have buy orders in the three-digits area, and spare money left. I never go all-in because I'm not a "believer". In the two-digits area we will have the opportunity to buy dozens of coins.

Mempool already dropped to zero for a short time:
https://cointelegraph.com/news/bitcoin-mempool-briefly-drops-to-zero-on-blockchaincom

Scrap it. When I wrote it I still was using some reasoning.
But there is no reasoning when there is a derivatives casino operating against bitcoin.
Now that the source has been identified, its much more easy to do a prediction.

We are going to zero in less than a month.
Right now its pointing to sub-$1000.

But there is no buy liquidity in that area, people who buy will have difficulty to sell.
So it will take two or three weeks to reach the two-digit area, and then its zero.

There is no bottom.

The bottom is zero.

Also, no buy liquidity. Why buy if the price will eventually reach zero?
Nobody will want to buy. There will be nobody to sell later.

The hodler church will joke this is one of those "deaths" told by mainstream media.
But this time is different. Its going to zero and the source are the derivatives from bitmex.
Of course, you can lie to yourself and think its the coronavirus, if that made you feel safe.

No TA works when manipulation is allowed by the exchanges.
No analysis will hold when there is freedom for thieves.

Next target for the bitmex liquidation is $250-$750.

Dont forget to blame the coronavirus, and of course, to take the vaccine.

Everyone.

Going to $700 right now.

A Bitmex exit scam could throw the price to sub-$1000. I would guess something around $700.

But it will last few minutes, since this price is from the previous bear market recovery (2013), so people will flock in to buy.

Also, nobody is selling due to virus doomsday. Most investors who sold, were gambling in Bitmex, or were legacy investors (from hedge funds, for example) who sold to cover other asset's losses. The culprit for the escape of legacy money is the pandemic fund.

Now, I could not care less for legacy money, as they will eventually return to bitcoin when the mass vaccinations starts. But Bitmex, seriously, why the crypto sector let this thing run? I'm concerned with the sector's direction over it. Its time to get rid of the "hodlers cult" and start to be serious about bitcoin. I run a full node everyday and I would like to see it succeed. It will not succeed while the sector keep this "freedom" bullshit discourse up. We dont want freedom for thieves, we want value for holders.

Bitfinex got under governmental scrutiny several times during the bull market of 2017 (due to the tether FUD, where tether was supposedly being printed to boost bitcoin price - a good thing, but the cucks freaked out over it), whereas with Bitmex nobody says a word about it. Its very easy to think that Bitmex is, in fact, a operation from TPTB to undermine bitcoin by inside. That's why it is left alone by governments.

In a site of forex traders Bitmex is called a fraudulent exchange, with several complaints about it. Some people report having their positions liquidated without any reason, and their money stolen. The fact that the exchange is registered in the Seychelles could make more difficulty to investigate it, but Bitfinex was also registered overseas, and still it was investigated.

When CME started trading bitcoin futures contracts, they implemented breaks for both short and long positions, to avoid intense manipulation. Such breaks do not exist with Bitmex. Bitcoin didnt go to zero because Bitmex had a hardware malfunction. That's why we are sitting at 5k and not at 10 dollars. The break was a random event!

Now, you can lie to yourself and to the world and believe it was the coronacircus all along, but bitcoin is much more resilient than stock markets. In fact, many people have run to bitcoin to get rid of the derivative's threat in case of such massive crashes. But then, now its right there on our faces. And while gold dropped 10% from its previous highs, bitcoin dropped 60%.