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September 14, 2017, 07:15:01 PM |
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Anyone that a) saw the signs all around them, and b) were honest with themselves, and everyone else... saw this coming. I tried warning people in here a few times. My last post was basically a plea for people to sell now before it happened... and also how it could be used to our advantage in the long run.
Do you really think that guy from JP Morgan was just offering some friendly advice, or giving his honest opinion? No... they're not like me... like us. There's was an angle, there's always an angle with those types. The angle was obviously, regardless of the reason why, to drive down the price of BTC. I could have been because they (the big cheese Wall St. blue chippers) were upset for missing out on the boom because they lacked confidence initially... and then saw the gold mine that BTC really is. And make no mistake about it... STILL is. But not right now. I would wait this one out for awhile, and I hope as many people took my advice as possible. Another reason is simply to knock the price down to a point where BTC are once again reasonably affordable, so that they can jump in and buy it all up, taking advantage of the F.U.D. they created here, and getting people to panic and sell. And even that could be connected to scenario #1. I'm just hoping that the vast majority of the people that sold were the Wall St. type, security & exchange ops like Morgan Stanley and the types. If so we can take advantage of the situation in exactly the manner I suggested in my last post in here. When it seems the price has hit rock bottom, has leveled out, bouncing up & down a bit each day but basically staying around the same place for several days to a week, that's usually a sign of recovery. That's the time to watch closely... keep a tab open as you relax and watch a flick or something and keep your eye on it. When you see a sharp climb of a few hundred bucks in the matter of hours, it could even be minutes this time, buy... buy... buy... with everything you've got. Whatever profits you hopefully made if you got out before this went down, you initial investments, and even juniors college fund (you'll get it back with interest). "We the people" must seize control of this currency and not allow "them" to have it. We have to strike back against our mutual enemies, as they say, and we have to do it together... divided we fall.
Believe it or not my last post was almost exactly like this one, and it happened right before the crash. I'd hate to beat my chest but if you go back and look in the archives at my post history I've hit the nail right on the head pretty much every time. I don't have any crystal ball, and I'm no insider, but I know what to look for. I'm informed. And those predictions that came to fruition should count for something if that doesn't.
Something however I've also been very clear about, even when posting the doom & gloom outlooks on the short term collapse I saw coming... is that I really like BTC's potential for growth in the long term. REALLY like it. I'm not so hot on other cryptocurrencies, but I believe BTC is the exception. I firmly believe the value will be in the 5 digits within the next couple of years. And then climb towards the mid 5 digits even from there. There will be ups & downs along the way, it is volatile, always has been and always will be, but it will always get back up and dust itself off in the end. And believe me when I say that that "guru" from JP Morgan firmly believes it as well. They have a panel of analysts sitting there right now just waiting to give the buy orders when they feel it's time. We need to use our strength in numbers and make sure that we the people, the commoners with dreams (not delusions) of grandeur that this currency will make us all rich some day end up with the vast majority control of the "shares", so to speak. And make sure that our confidence will be the main driving force behind the future value of the currency. And don't just gloss over that word "confidence" either... it is THEE key. Not the words of some big shot exec., or even mine, but the people that decide whether or not to actually take us seriously afterwards, or just say: "meh... whatever dude". I don't think enough people are aware of this fact.
And I have supreme confidence that the future of BTC is still very bright. But the present is still too shaky to call either way. I'd say you're best off on the sidelines right now with your money in the bank, or something low risk & flexible that you can access & move at a moments notice. Or even in a friggin shoe box. But when the time comes to buy again do it with vigor, and lets take another "c" word that means everything and put it in our corner... let's take control.
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