With all the attention that bitcoin gained in 2013 and the huge increase in merchant adoption in 2014, the bitcoin price really should be doing better than it is right now. We are currently skirting the bottom, worryingly close to an important long term support line, and each attempt at a breakout of the current price trend has been punished severely over recent months.
Given all of the evidence that has been gathered over the past 10 years or so on Precious Metals price suppression by the central banks and large investment banks, is it possible that they are now starting to turn their focus to financial repression in the bitcoin and altcoin markets? It doesn't require a huge amount of bitcoin to paint the charts, if the right moment is chosen in which to sell through a slew of bid orders. Governments have been seizing huge stashes of bitcoin from various criminal activities over the past few years. Could they have leased this to the central banks to carry out their same old tricks? Virtual currencies are now squarely in the targets of the central banks all around the world. If they didn't care about it 5 years ago, they certainly do now.
If the central banks are now in the game, then the resistance to the upside may be much much greater going forwards than it has been in the past. And it might explain the some of market price action. This is all pure speculation, which is why I have posted this thread in this subforum. I have done zero research and have no evidence for this whatsoever. But it is not a huge leap of the imagination, that something which poses such a significant threat to the existing monetary paradigm would face intense resistance from the financial hegemon.
Are we now starting to come face to face with the behemoth?
Thoughts? Comments?
Price being pushed down so certain people with agendas can get in big time before mainstream consolidation. We'll see 100 easily. Big fortuness being too old to understand a paradigm shift and missing on the train, then creating a fictional second train so they can pick up a first class citizen ticket while peasants sell in panic. Classic scenareo.
