Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
r0ach
on 03/06/2017, 00:00:55 UTC
The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

Have no fear, the wedge on real money (silver) is about to break upwards.  The banks naked short metals down to barely above cost of production, but it's already so close to cost of production it doesn't really have anywhere to go but up:



Of course, anything is possible and they could naked short it some more just for the hell of it, but it would create scarcity from going below cost of production and fuel an even larger rise.  So it's a good medium/long term hold no matter what they do.