Imagine what happens if we all get a loan, buy one bitcoin in an exchange and withdraw it to a cold wallet? But no. So don't be surprised why Chinese crypto sharks hodl our bitcoins on their exchanges and manipulate the market. They are printing even more busd to buy all bitcoins to manipulate the market in the years to come.
Not a bad idea..... .. and even if we could not get everyone to buy a whole BTC, then maybe we could get some to buy more and some to buy as much as they can.. .. such as 0.1 BTC to 5 BTC, and then hope that the median would be somewhere close to 1 BTC.. and sure maybe we could get some pressure on the exchanges, in terms of there not be as many BTC as they claim to have.
How many of us do you think would be capable of participating in such a campaign to buy decently large amounts of BTC and remove them off the exchange? More than 21 million? Many of us already know that so many of the 3rd parties (whether exchanges or otherwise) do not hold nearly as many BTC as they claim to have, and if the BTC price goes UP while they are shorting bitcoin then they are fucked.. but if the price goes down while they are borrowing against their bitcoin they are also fucked... there are two ways to get fucked... but still a decent number of them have still been able to hide that they have been and continue to swim naked (or near naked).
The loan aspect of your proposal is dangerous, but not so dangerous if the person getting the loan is not reliant upon the BTC price to go up in order to service the loan.. and if they are able to service the loan no matter which direction the BTC price goes (including down), then the loan aspect would not be adding very much risk to the situation, so long as such individuals know how to properly calculate "ability to service."
Imagine what happens if we all get a loan, buy one bitcoin in an exchange and withdraw it to a cold wallet? But no. So don't be surprised why Chinese crypto sharks hodl our bitcoins on their exchanges and manipulate the market. They are printing even more busd to buy all bitcoins to manipulate the market in the years to come.
I can't imagine what happened to people who borrowed money to buy Bitcoins this year. Because this year everyone is struggling to survive and looking for ways not to lose more through Bitcoin, because to find profit is definitely very difficult this year due to the decline that is still happening
You will find that almost every single person who got reckt from their leveraging bitcoin this year came from their having had bet on the BTC price either going up or not going down below a certain price point. That's called gambling, and using leverage to gamble allows for the amount of price move (or mistake) to be quite a lot less in order for total or near total Reckdom.
and also everyone does not need to blame others who have the ability to do great things like you said to the crypto sharks that came from China.
Who gives any shits about the Chinese? Crypto sharks are in all locations, and also using peoples bitcoin to gamble and also not having as many bitcoin as they claim to have.. There are a lot of sharks and they are in all locations... You have likely already seen a decent amount of sharkening within some institutions in the West, and I would not put it past Coinbase to be engaged in such sharkening.. including their relationship with Blackrock will likely increase rather than decrease the sharkening.. but perhaps frequently make it difficult to prove from outsiders.. even though claims will be made.. but is there a court that will hear the matter, and won't the Blackrock attorneys beat you to death before you even get in front of a judge with your claim(s)?
Because he does it only for himself in terms of profit and if you are able to withstand and do better than that Chinese crypto shark did
Now you are getting specific. Which Chinese crypto shark are you referring to? It sounds as if you are referring to someone, and even suggesting that "crypto" and bitcoin are connected... Specify your point more clearly... or are you just referring to some vague mythical creature that we should fear? Do Kwon? or someone else?
, then you are a better person than him and I don't think anyone will. forbid you in this.
As far as I know, there were other culprits besides chinese people who are currently on the run.. or somewhat on the run.. or are you referring to the two 3 arrow capital guys? or the Celsius Ceo who just resigned.. Alex Mashinsky (that's not a Chinese name, by the way).. oh I had to look it up.. Kyle Davies and Su Zhu (cofounders of 3AC.. maybe both of them are chinese.. is that who you are talking about?) Whatever "mess" that bitcoin might be in with the ongoing corrections from overleveraged capital (miners were doing the same thing, no? and miners are all over the world) still does not sound like a Chinese phenomena to me.
LOL, they just used the term "NoCoiner" in a commercial during the Vikings/Saints game.
Guy said "My Crypto is down" and Chick called him a NoCoiner.
That's weird.
Fucking shitcoiners are co-opting the "nocoiner" term and not even using it properly.. Wait wait wait... Unless she was suggesting that his use of the term "crypto" revealed him as a no coiner, then that's somewhat brilliant.
Next thing they will have to do is say "fuck shitcoiners" but on TV they might have to use some characters in there.. something like "f#*@ s&#@coiners"
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