Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I believe manipulation is in full effect currently as these exchanges are trying to cover their butts to liquidate leveraged shorts that have been stacking. As a result this will extend the length of our current bear market, cause a much faster and harder drop and possibly take us to lows lower than previously expected by even the most bearish of bears. Sleep tight!
The sucker's rally scenario looks plausible simply due to the fact there's NOBODY in the general public looking to buy or can afford to buy imaginary timestamps for $7000 nowadays, so who the hell is the greater fool supposed to be? All the greater fools like JayJuanGee and Trollgoossens are already all-in. Bitcoin is a dollar derivative and the entire world is collapsing in poverty except people like Jeff Bezos that own everything. So unless Jeff Bezos decides to be the greater fool and baghold a bunch of imaginary, valueless shitcoins, or Bernanke helicopter money is immediately released tomorrow, then what the fuck?