BTC Collapse is Exactly as Predicted Two Weeks ago - 2 week post Goldman Sachs

[bitfools]

Two weeks ago Goldman Sachs took over BTC by way of introducing 'futures trading' which allows major sellers to cover losses when they sell billions of dollars of BTC.

All along it was predicted it would take 2+ weeks for the 'big whales' to figure out the 'futures' deal, and start exiting from BTC, in the past everybody feared a singularity exit would cause a collapse, now with 'insurance', nobody cares if the price drops, as you still get big money from your covered short on the futures market.

In the past 3-6 months many newbie morons have sold their houses, cars, and used the credit-card to BUY BTC, that's always telling when the morons step-in that its' over, and the guys holding this shit since 2012+ are not going to HODL forever.

Some transaction costs now approaching $150 to get out of BTC, it was only a year ago that the 'leaders' of BTC we're talking free transaction fee's for the world and that bitcoin would be the bank of the poor.

Now BTC is just a haven for the rich, and only the rich ( ppl with enough money that losing don't hurt ) can play.

***

Now  to XMAS BTC will go down, next year it all depends how many ppl were HURT and how loud they complain for government regulation to make it all 'even'.

PPL who want to play BlockChain musical chairs ought to find a coin that is out of GOV GAYDAR, and just accumulate and wait/watch.

[BitcoinFrik]

Two weeks ago Goldman Sachs took over BTC by way of introducing 'futures trading' which allows major sellers to cover losses when they sell billions of dollars of BTC.

All along it was predicted it would take 2+ weeks for the 'big whales' to figure out the 'futures' deal, and start exiting from BTC, in the past everybody feared a singularity exit would cause a collapse, now with 'insurance', nobody cares if the price drops, as you still get big money from your covered short on the futures market.

In the past 3-6 months many newbie morons have sold their houses, cars, and used the credit-card to BUY BTC, that's always telling when the morons step-in that its' over, and the guys holding this shit since 2012+ are not going to HODL forever.

Some transaction costs now approaching $150 to get out of BTC, it was only a year ago that the 'leaders' of BTC we're talking free transaction fee's for the world and that bitcoin would be the bank of the poor.

Now BTC is just a haven for the rich, and only the rich ( ppl with enough money that losing don't hurt ) can play.

***

Now  to XMAS BTC will go down, next year it all depends how many ppl were HURT and how loud they complain for government regulation to make it all 'even'.

PPL who want to play BlockChain musical chairs ought to find a coin that is out of GOV GAYDAR, and just accumulate and wait/watch.

Bitcoin didn't colaps! It went down 33%, that's it. It's part of it's growth. It will stabilise and start moving forward again.

[bitfools]

The Sharks we're buying cryptos for quite a while now. They have positions large enough to affect the price in the short-term.

Once the options became available they bought the short side and then started dumping their crypto holdings.

They're probably making money on both ends. They bought below where they started selling, so that's a profit being booked.

Then they will make more on the contracts.

Their selling was enough to push the price downward and start a panic amongst retail holders.

IMHO now is NOT a good time for MORONS to be playing with 'fire'.

...

Like I keep saying the only sad outcome of all this is that the morons, will demand that the GOV protect the, and that will be the kiss of death for crypto's is having the cops run all the on-ramps and exits.

Given that BTC is NSA, and given that they have made it all too easy for idiots to make money in crypto, and now the same idiots will demand GOV to 'fix' the problem, GOV wanted to go to a cash-less society, planned all along, now they have proof of concept that nobody can deny, all they need now is Goldman-Sachs to step in and offer to 'police' btc and make it 'fair' for everyone.

It's time to move-along and play with crypto's that are not in the headlights of GOV or Zionist banks

[glaciercapital]

The Sharks we're buying cryptos for quite a while now. They have positions large enough to affect the price in the short-term.

Once the options became available they bought the short side and then started dumping their crypto holdings.

They're probably making money on both ends. They bought below where they started selling, so that's a profit being booked.

Then they will make more on the contracts.

Their selling was enough to push the price downward and start a panic amongst retail holders.

IMHO now is NOT a good time for MORONS to be playing with 'fire'.

...

Like I keep saying the only sad outcome of all this is that the morons, will demand that the GOV protect the, and that will be the kiss of death for crypto's is having the cops run all the on-ramps and exits.

Given that BTC is NSA, and given that they have made it all too easy for idiots to make money in crypto, and now the same idiots will demand GOV to 'fix' the problem, GOV wanted to go to a cash-less society, planned all along, now they have proof of concept that nobody can deny, all they need now is Goldman-Sachs to step in and offer to 'police' btc and make it 'fair' for everyone.

It's time to move-along and play with crypto's that are not in the headlights of GOV or Zionist banks

Jet Fuel + Steel Beams = BTC
See guys told you

[Pursuer]

introducing 'futures trading' which allows major sellers to cover losses when they sell billions of dollars of BTC.

at least educate yourself before spreading FUD.
the futures trading is currently disabled because according to their rules if bitcoin price is changed more than 7% they will immediately disable all trading and the market.

[TheGodson]

You better get more while you have the chance.  

I thought the price would drop too. I exited some of my position at $18,000ish. Now that it is lower, I'm getting more with some of the money I took out.