Yes. It was the virus all along. Sell everything you have.

They are using bitcoin to buy stocks, which cause the price of stocks to go up.

Welcome to "legitimation", OP.

The phrase "muh human lives" is the identifier for a new kind of psychopath.
The idea is to shutdown the entire world and cause massive unemployment, recession, hungry, pain and crime on a global scale, and then say it was to "save human lives".
Who cares for children who needs to be feed? Lets "save human lives" by depriving their fathers of work and starving them.
This degree of psychopathy will certainly be studied in the future, if humanity survives the onslaught.

It was 500 billion last week.
Today I read its going to be 2 trillion.

Now this thread says it will be 6 trillion.

If they keep at that pace, McAfee prediction will hit.

USA is going to print 2 trillion dollars for bailouts:

https://www.boston.com/news/politics/2020/03/26/senate-approves-2-trillion-stimulus-after-bipartisan-deal

A lot of this money is going to debt, debt, and more debt.

Volume in Binance is 577 million tethers, which would give, more or less, 80k bitcoins. 900btc will only make a scratch.

Cartelization will be good for crypto, as the price will only go up, thus increasing adoption. Greed for profit is the main reason why people buy bitcoin, and merchants wont adopt it if nobody is buying.

Binance is doing the first step in this direction. They could lead a Union of exchanges to tackle the permanent bear market we are facing at the moment, putting mechanisms in place, like circuit breakers for shorts, inflation of numbers in the marketcap, infinite printing of tethers, utility tokens, mining incentives, lower fees, etc. This will be good for bitcoin, bringing it back to its origins. People will flock in to buy, adoption will skyrocket and some day we will not need fiat anymore, leaving the debt system for good.

Those who are against it, are the same ones who screams "hodl" to newbies, expecting them to hold empty bags, while the market is liquidated to zero.

Very likely to happen in the next two years, if things continue the way they are.

Consider also that they have been able to put tracking chips inside pills, which could store all the data from the person who took the pill. In this way, the centralized cryptocurrency could be authenticated through the signal from the chip, with a 5G smartphone acting as intermediary.

5G cover a wide range of frequencies, and above 20gHz it can pass through the pores of the skin (a process called "electroporation"), thus making a bridge between the 5G smartphone and the chip inside the body. The chip would confirm who is doing the transaction with the smartphone. If its the right person, then the transaction is confirmed, without the need of a miner.

Needless to say, these centralized cryptocurrencies will be PoS, not PoW, so governments would be able to manipulate the supply as they seem fit.

This is actually good news. The CEO of Binance is bullish on bitcoin.
I dont use it, because I lost my password there a long time ago.

On the other side, Bitmex is a bearish exchange and have too much influence on the price.
If I'm not mistaken, Bitmex have three times more volume than the main exchanges combined. This happens because of the leverage they offer.
If anything, its Bitmex which is monopolizing the market, and Binance wants to bring some balance to it.

It is going to 7k, then 5k.
It might go to 3k if another virus is released.

If a new virus panic is combined with Bitmex, then three digits is possible by the end of this year.
Fortunatelly Binance is flexing its muscles, so we might see some reaction against the influence of Bitmex on the price.

The halving is also a positive influence, so I'm playing on both sides of the fence. The halving alone could bring bitcoin back to 10k and above.

In any case, dont take sides between bulls and bears. Both parties are trash and will induce cult-like behaviour on you. Use your reason and trust your instincts.

Bitcoin correlated to the stock market because of issues surrounding it, issues which should be addressed by competent people. These are not issues inherent to the technology, but external issues caused by infiltration of fiat speculators in the market.

I'm selling in small quantities, basically a inverted DCA strategy.

I have been holding at least half a bitcoin since 2015. Today I have much more than that, so I believe I'm too much exposed to market swings. I didnt see any of the mega profits the bulltards from the hodler's cult talk about.

This is also another reason. Not the virus, but the hysterical reaction to it.
The shutdown could include the internet and even electricity, and bitcoin is highly dependent on these two resources. So people panic and sell.

The flu kills much more people each year and dont have this reaction by governments. This is why I dont believe the narrative the media is delivering. There is something else going on.

First, the World Bank pandemic fund, which was to expire in june this year, got called out by the WHO, when this organization declared a pandemic. This is a half-billion dollar fund from 2017: https://qz.com/1017805/the-world-bank-issued-425-million-in-pandemic-bonds-and-derivatives-designed-so-investors-pay-in-the-event-of-an-outbreak/

This created a snowball effect in the markets, as big investors had to pay for the fund, thus taking money from other funds, which caused a crash in the legacy (ie, fiat) markets. Bitcoin is being used by hedge funds since 2017, so they shorted it to cover the snowball effect.

Second, derivatives speculation. Without Bitmex, the price would have fallen to 5k and we would be at 9k now. With Bitmex, the price didnt go to zero because of a hardware failure in their servers. Derivatives use leverage to bet into bitcoin prices, like in a casino. Bitcoin is liquidated to pay those who bet into a crash, so the price dropped to 3k. I warned about derivatives several times since 2017, but people ignored it. Bitmex is not alone on it, there is also CME and Binance futures as well, but Bitmex answer for most of it.

These were the two determinant factors here. They prove bitcoin is pegged to the legacy system, and is no more a store of value, like it was believed earlier. If the system crashes, bitcoin will go with it, being used as hedge to mitigate losses for big investors. Add to this the derivatives casinos and you have a recipe for disaster.

Things like the pandemic fund will not happen again, but the derivatives casinos will keep the price down, causing a permanent bear market. It happened with gold and silver.

This is not the end of the world, its not world war 3 and its not a deadly virus epidemic.

+1 Anti-WO merit.

I'm still giving a chance to bitcoin, though, so I adopted a inverted DCA strategy: instead of buying little each month, I'm going to sell little each month. Some bounces will still happen until the 10-15k area, and it will provide exit points.

Unfortunatelly, bitcoin have failed its main task, which was to provide a safe, reliable store of value, in times of crisis like this one. And the reactions from the little hodler's club shows it have become nothing more than a cult.

I still like the technology, though. In my opinion, bitcoin would be better without derivatives speculation tainting it.

https://www.washingtonexaminer.com/news/425m-in-world-bank-catastrophe-bonds-set-to-default-if-coronavirus-declared-a-pandemic-by-june

Now go make company to your friend in my ignore list.

His prediction is right on spot.
I read there are 6 new strains of the coronavirus, ready to be released to the public.
This can cause 6 new crashes. But I doubt any of them will be worse than the first.

I noticed the legacy system is using bitcoin for its own protection.
So they print billions of dollars, pump the price a little, then dump it. Rinse and repeat.
At a certain point, new strains of the coronavirus will not cause crashes anymore, and people will get used to it. This is the "new normal", where people will take vaccines regularly, preparing them to accept a new system, with a centralized global cryptocurrency.

There will be several opportunities to buy bitcoin, and to get out too. I expect a minimum of $700 and a maximum of $15k for this year and the next.

I'm just passing information ahead. You do whatever you want with it.
If you want to trust the media and the government, its your call.

According to medical literature, coronavirus is just another name for the common cold.

A strong cold can lead to pneumonia, if you dont treat it.
Pneumonia can be healed with the use of antibiotics.
There is no need for vaccines.

In fact, evidence points out the chinese died from a bad vaccine, applied in December 2019.
Pneumonia dont cause convulsions. A bad vaccine do.

The WHO declared a pandemic to get the money from the "pandemic fund". This fund was going to expire in June. This caused a cascade effect on the markets, as big investors had to take money from other sources, to pay for this fund. Bitcoin was on the end of it, that's why it has fallen more than anything else.

So, from here on, bitcoin will be used to decrease exponential damage caused by black swan events. Thats what hedge funds do: they use a secondary asset to cover losses for their clients. This secondary asset is bitcoin.

The message from the legacy system was very clear: bitcoin is now their reserve for emergencies, and there is nothing we can do against it. Any crisis that happen, bitcoin will get the largest hit. It is no longer a store of value for the average Joe, but only for the big banker.

Nobody is panic selling.

People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.

The hodler cult innercircle will never understand it, because they bought bitcoin at two digits. Its easy to hold that way.