Post
Topic
Board Speculation
Re: BTC falling like a rock
by
cellard
on 15/05/2018, 16:46:46 UTC
There is no support/buyers for Bitcoin at $10,000. it is the "panic price" for traders cartel/gamblers since buyers at $6,000 will sell Bitcoin.   Grin


We could have all the noobs panic selling ar $6k indeed, but The Powers THat Be are watching closely, we don't know when will they get triggered to enter in with full force. This can bea t any time, they may decide the price is low enough for them to start the transition from gold/fiat to Bitcoin reserves. Remember the fact that the infinite debt is a nightmare that cannot be paid, therefore fiat is dead. Gold supply is manipulated and nobody knows where gold is standing right now.

Bitcoin is therefore the de-facto best way to have reserves of last resort for not only individuals but States. The question is, how low will it go before they start? who knows. I think we still have to get rid of a bunch of idiots that don't deserve to hold Bitcoin, to go to the "moon" in 5 to 10 years (and by moon I mean $1+million of course.