Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
someone doesn't want the price to go up
We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.
That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?
In my thinking, the only way that they (the downward price manipulators) can achieve the $0 price that you are describing, Shroomie, is to engage in a form of fractional reserve corruption (which may be taking place on one or more of the exchanges). Otherwise, the downward manipulators will NOT be able to push the price down to zero or even down below $300 because sooner or later they are going to run out of coins and run out of people willing to depart with their coins. The supply of coins is limited (at least in theory and supposed to be in practice), and I really doubt that at a certain price point that people are so dumb as to continue to sell... because it makes little sense to sell with such expanding BTC infrastructure and powerful computing network ...
Surely, there are quite a few people, even who participate in this thread, who continue to fail to recognize the fundamentals of BTC and/or to recognize the value of BTC, but those people are also limited...... and maybe less and less inclined to buy into claims that BTC is over valued and that they better get out while they can, etc. etc.