Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It will not go under $1200. Whoever was dreaming months ago about that is just a dreamer. Right now is not a dreamer anymore but an idiot. Even sub $2000 should never happen. $3200 as it was is just perfect. Yes it can go there in next 4 months, but most likely will dip to like $3600 minimum. Come on. $1200. Really? Bitcoin was $1200, 5 and half years ago.
In a bog standard pump and dump (which is what bitcoin is - a pump and dump scam), the $3000's would be the bottom in a standard pump and dump whose future is not to completely implode and die off and live to see another day. Since transaction validators are designed to centralize making it have zero fundamentals and no reason to exist, plus tokens being non-fungible and thus a permissioned ledger by default, it could also go the other way in a slow grind to complete failure, as anything with zero fundamentals would do on a long enough timeline.
Bitcoin's future relies entirely on how many clueless people you can fool because it's fundamentals are just not there - they don't exist. It's a govt created bancor scam designed to try and trick people away from actual money (physical metals) and into a cashless society slavery system. Everything about the "whitepaper" was a lie from day one. Things like "peer to peer currency with no middlemen". Every transaction has 3 or more parties involved. It has built-in, rent seeking middlemen and it's not even possible to do a transaction with only 2 parties! How the fuck is that "peer to peer"
??The big lie: "the use of a lie so colossal that no one would believe that someone could have the impudence to distort the truth so infamously"
Correction, you *HOPE* you're able to scam some random millenials or boomers to buy into your Ponzi in order to profit off them and make an ROI. I guess it's possible you might be able to scam Tim Draper into holding the bag or something? But rich people tend to be harder to scam. It's usually the rich scamming the common man instead. This is why a pump "to the moon" is such a sketchy proposition in bitcoin.
The average human is flat broke nowadays with all wealth concentrated at the top, so the rich taking the ball and manipulating it to a gazillion dollars would have nobody for them to sell to and they'd be the bagholders with a few small fish profiting off them. The only real, valid proposition for bitcoin "to the moon" pumping is that it's a govt created bancor scam designed to try and trick people away from physical metals and into a (((digital currency))) slavery system. But if you're going to be a Judas shilling for that you might as well just get a job at MSNBC.
I hope you caught the polls on Zerohedge the other day. 70% of people oppose a digital only currency. Physical metals win, (((digital currency))) loses.