Is it really crypto are easiest way to make a lots of bucks ?
All of us knows , all things comes with a price tag. Bitcoin starts correction in its value and drops upto 5500 USD, in the latest week.
Many reason are suggested by the expertise someone told it is due to regulatory in various countries , some says it is due to banning of crypto in some developed countries or also due to exchange hacking. But wait ,is this the only reason who are working behind the bitcoin fall or something happen in the dark ?
What i thought , there is very well equipped plan behind the scene, someone manipulating the price in there favour to buy in less and sell at new all time high.The bitcoin rally sores in 2017 december is mainly due to the involvement of common people , 2018 rally was witnessed by the whales, world largest banks and investors. Do anyone think how much money was invested in the market if whales, central bank and investors starts to flow in this dip and where was the bitcoin price goes if ths happens ? But the main problem for the common people is that he didn’t know what was the last dip ?
My analysis told that the G7 countries mainly manipulated the market , they well knows that how much strength a bitcoin kept. The Group of Seven (G7) is an informal grouping of seven of the world’s advanced economies, as well as the EU and European Commission. They consist of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the presidency rotates every year. It offers the leaders of these nations to come together and tackle the most challenging global issues of the time. Canada will host the 44th meeting of the G7 leaders on June 8 – 9. Know look at the coinmarketcap bitcoin analysis on june 8,2018 bitoin trade to 7683 USD and on June 09,2018 last day of G7 meeting bitcoin flows at 7613 USD , but as the G7 meeting gets over a sharp break down was observed which deep the price at 6733 USD and this dip continues till yet.
Currently, the G7 is only concerned with the "appropriate regulation" of cryptocurrencies and not with the asset class potential of cryptocurrencies. Bitcoin, ether and zcash are nowhere to be found on the list of eligible instruments and currencies that central bankers are allowed to trade.
“In 2018, things will be different. G7 central banks will start buying cryptocurrencies to bolster their foreign reserves.”
The G7 central banks normally also hold special drawing rights (SDR) . It is an international reserve asset, created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. The SDR's value is based on five major currencies – the basket includes: US dollar, euro, Chinese renminbi (RMB), Japanese yen and British pound sterling.
Why i think G7 countries manipulating the BItcoin Price ?
The bitcoin market capitalization exceeds the value of all SDR's that have been created and allocated to members (approximately $291 billion). Another point will be the realisation that the values of G7 currencies are devaluing against cryptocurrencies. The SDR and G7 country currencies will be forced to alter their foreign reserve weightings and eventually include a basket of cryptocurrencies.
What was the last dip Of Bitcoin before the high Bull run ?
Approx. USD 4770 will be last dip for the bitcoin ? You of course want to know why ? It is because in USA the Bitcoin mining was carried approximately at a price tag of USD 4758. These countries never pull the price below mining cost , as cost of mining becomes more than the price of bitcoin.
So just wait a little before the last dip, fill your wallet with lots of bucks or fiat, as generally exchanges not allow to fill your wallet with fiat at the time of high liquidity, so be prepare in advance. Keep calm , and witness the upcoming bull ride.