Guys I have to say something very sad for all of us: BITCOIN IS A BUBBLE. Look at that parabolic movement to an ATH of
$16!!! crashed to
$7. Bitcoin is a false promise. Only a pump and dump. Stay away and protect your investments.
Ok guys, it seems that NOW bitcoin is in a bubble. Just look at that parabolic movement to
$260 crashing to a wick of
$60. There's NO WAY this will recover. Please get out of this pyramid scheme.
GUYS...PURE market manipulation going on here. (it was tho
https://www.theguardian.com/technology/2014/may/29/bitcoin-bots-bought-millions-in-the-last-days-of-mt-gox)
GET OUT NOW!
$1,000 is definitely the exit price of these manipulators! Sell! This is insane. If you sell at
$400 at least you covered because this scam is going to 0.
Guys,
$19,000 per bitcoin! Institutional investors are exiting the market by opening the futures markets just as they did before the tulip mania crash
https://www.cnbc.com/2017/11/02/bitcoin-futures-mirror-1637-tulip-bubble-crash-ubs.htmlThat's it, doesn't matter if you want to believe me. This bubble is ripe to burst and you will be lucky to exit at
$10,000
Ok enough FUD. That's all it is when these cycles complete. When prices go up, the media overly hype the news to
(specially now that there's so much public interest in the cryptomarkets) FOMO. When the price corrects after massive legs such as the previous ones, the media starts FUDING.
(Don't sell the FUD)The markets are manipulated, that's totally undeniable. But don't let that make you think bitcoin will get to 0 or to the cheaper levels you could've grabbed it in previous years, because that won't happen. The race is on, last year the fiat markets completely detached from the cryptomarkets in a way that it's not as easy that little fiat can produce high yield in crypto as previous years. The real pump is still due because we have a market that's barely valued at half trillion dollars, and for it's nature, could easily be at 10 trillion or more with more adoption, regulation and worldwide implementations.
(Don't buy my FOMO either). But that will take many scams out of the picture and many alts NEED to die. They are simply piggyback riding BTC and when the music stops playing for them, it won't be good, it will be great for the overall health of the cryptomarkets.
I can't tell you $10,000 is the most solid support
(even tho it's really strong psychologically and technically speaking), this is bouncing from 10,000 but might as well in the mid term reach 6,000 or just keep going up. There will be lots of trickeries in the price action to fool you in buying and selling
(as is typical) but don't be fed FUD like what this post was satirising in the beginning. Do your research, learn, educate yourself and be happy.
Well, I don't know what else to say so good night!
