I'm gonna rant for a bit because I'm good at it...
but then I'm gonna come to a point that will rock your world
(It's kind of like moistening snatch, but that's beside the point. Anyway...)
Short-bus Shorty is at it again, folks! They're not even trying to hide it behind ridiculous FUD anymore. They just get a bunch of Bitcoin and sell, sell, sell -- like the dumbass inbred Maypole-dancing occult bullshit-believing retards they are -- and drive the price down for a bit because... because... erm it makes them feel better? Nah, it's because they're scared and stupid. Dumb animals lash out in such circumstances.That's what these guys who can pony up $400 million to sell a bunch of Bitcoin at a loss are: dumb, cornered animals.
"Conspiracy theorist?" you say. Fuck you, I retort. I'm a conspiracy factist. The numbers don't lie, and, besides, we all know that "conspiracy theorist" label was invented by the conspirators to bear false witness on people who were actually on to the truth. Yeah, only morons and Matrix food believe that Lee Harvey Oswald, acting alone, killed JFK, the last real American president (jury's still out on Trump -- he needs to deliver on the "drain the swamp" thing, and so far he's come up far short... but I digress, as is my custom...)
Anyway, this drop in the price of Bitcoin (and its little brother, Litecoin) of the past GASP six weeks is absolutely artificial. This has happened before, several times. It's nothing new. Occasionally, the bad guys think they can use their endless supply of bullshit slave money to kill technologically superior money, and they spend a lot of their slave money shorting real money. It happens. It's happening. Period. Call me a conspiracy theorist. I'd give you a Bitcoin if I thought your opinion was worth $10,000 or $5000 or whatever.... but I don't. I really don't.
/rant -- enough biscuits, now for the beans and rice
Here's how they do it, and how you can PROFIT from that!
I go to Reddit /r/BitcoinMarkets and just laugh. Those guys think it's all about charts and things they glean from the order book on the exchanges. No. Most of this stuff is way beyond that.
What happens is -- let's just call him "Mr. R" -- Mr. R buys a whole farkload of Bitcoin over the counter (the $400 million movement in the article above). He probably pays a premium for it. Then he sets up bots and trading desks on all the major exchanges, and he sells the eff out of it over a period of weeks. He stops out all the longs, probably does some wash trading to set bull traps here and there, and drives the price down. It costs him a TON of money, so why does he do it?
Two reasons:
- He has endless "money." Nobody knows how fake money is better than Mr. R because he almost literally pulls it out of his anus.
- He knows that his ability to accomplish the feat of turning his inbred "bloodline" turds into money is threatened by Bitcoin.
Now, here's the thing: every time he does this, he weakens his own position. The first time, he's firing 50-caliber mini-rockets. The second time, he's down to a 9mm, then a .22, beebees, then rock salt and finally baby powder. His ammunition is his endless supply of the currency he creates by his own fiat. The more of that he throws at destroying Bitcoin, the more power he gives to Bitcoin, and the more his own weak hand is exposed. It really is like sitting at a poker table with an extremely rich and extremely dumb whale who thinks he can win by simply betting everyone under the table. It's free money. Lots of free money.
Oh, yes, another thing: They cover their shorts on Friday. Not all of it is short, per se, as outlined above. But they do take out leveraged short positions (selling borrowed coins on the exchange with the intent of buying them back later at a lower price) based on their knowledge of the OTC arrangement outlined above. The largest of these shorting instruments are ETFs traded in Europe. On Friday mornings, prior to European market close at 11 AM EST, they have to buy back what they borrowed. This does not happen every Friday, but it usually happens on Friday.
Long story short: they get rekt every time. So HODL, and if you're in a buying frame of mind, doing it early on Friday mornings (big, steep drop in the wee hours is a key indicator) is a great way to add to your position.
And one last thing: Get your coins off the Internet and into cold storage. They can be lent to the aforementioned shorters if they're on the exchange.
PS -- Don't trade. Invest.
Best of luck, good people!