smaniscalco
Long

Did This Make Bitcoin (BTC) Prices Fall?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hey Bitcoin Bugs!

Potentially 70,000 bitcoin , and hundreds, maybe even more, possibly hundreds of thousands of Ethereum scammed by investors who thought they were investing in an easy money scheme...

Turned out it was probably a Ponzi scheme...

There are probably people in jail in China over this...

But what I'm hearing is not everybody involved has been caught and jailed, and someone is dropping 100 bitcoin on Binance routinely...

Every few minutes, they're trying to sell 100 bitcoin over and over and over again, and then they have as many as 70,000 of them to sell. So that would be phenomenal downward pressure on the market right now...

Now, who sells in the market like this??

Only desperate people or someone who's trying to cash out of something...

I mean, who macro sells??

If you have the smarts to get yourself in the position where you have thousands of bitcoin and all of the big macro factors that we've been talking about for a year have not played out yet, who would be selling in a market like this??

I don't have the fact independently verified but it stands to reason that if they were stolen bitcoin , then you sell those at whatever price you can get, especially if your compadres have been jailed...

So again, that could turn out to be completely a rumor, I have it on good authority, but not first-person authority myself...

I haven't checked into this myself...

But part of my job is to look at what other people could be thinking is affecting the market...

It seems to me that's a bigger story, if true, as far as what could be pushing the market down...

Now, let's chuck all this up to the market is going bonkers, crypto is extremely volatile. I am looking for the long-term future of this...

So knock on wood, I am superstitious in that respect...

I may have just jinxed bitcoin if, when you're watching this, it's below $10,000, again, I categorize that as a screaming buy...

If it's jumped back, then you can do the math on this and you say, "Okay, it's behind us." But the macros are still in place and those macros are bitcoin is a new asset class, a new financial instrument that was literally built for what's coming, built in response to what did happen and for what's coming next???

Stay ahead of the masses,

Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP

http://www.CryptoWealthCoach.com/VIP
Stay ahead of the masses,

Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management, LP

http://www.cryptowealthcoach.com/VIP
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