I will start this post off by referencing to one of my favourite quote ;
''That which offers no resistance overcomes the hardest substances ,that which offers no resistance can enter where theres no space" Lao Tzu
For this case ; very few people can comprehend manipulation without seeing it,,or understand the value of non action in a market full of overly stipulated price valuations of assets in the crypto space.
Over last couple of weeks whilst the pre-bull era as mentioned by nearly every Btc bull enthusiasts I came out an made a controversial statement firstly calling Btc to 200$ and got some serious heat for it as you would expect from all the crypto noobs.
From very beginning the theory of a working and fully operation Btc society has been based of government failures and in event of a huge economic crisis we would see Btc rise all the way to 30k+ but I want to pull your attention to the economic crisis.
Few weeks ago there was a surge in media that we were at a brink of another devastating economic crisis which we all know can't be allowed to happened with measures like QE in place to foster temporary solutions as economy undergoes recovery ,,but bear in mind BTC was nearing lows of 9000 when this fud came out in all media and people being predictable human beings pulled their resources and invested in the most sure bet that could guarantee then future money in the event the crisis hit and brings us back to baby bitcoin.
Panic arouse from all individual classes on the financial scale,,and as you would expect the big FUd motivators got every one in for a good Btc hold scene
good 1-2% gains and boom everyone was hooked back onto the bull run bandwagon once again , this saw price moon walk its way back to 10k and then near 11k at around 10950 region.
Notice the pattern again, news and every outlet backed Btc to hit record highs of 100k in next few months ,,infant on CNBC they called 10k the generational buying opportunity ,hahaha I apologise because that cracks me up every time I hear that crap ,but any way the hype for Btc was back ,speaking of being back! what ever happened to the awaited Bakkt launch? guess your picking up on the game by now, low positive news,,push price up small percentage get people sold in the idea of getting rich and then drop price near 30-80% and clear them all out, its the rule of thumb in the market.
How do you combat this situation, I would say try to control your greed because these big players have that to play with as well as your EGO especially if you keep believing in something that is fully speculative and accurately has zero value and no real life adoption for the past 10 years of its existence .
To end this piece , I will leave you with this thought in mind;
What happens to Btc when the government bans all online transactions and exchanges? not so powerful after all huh!
''That which offers no resistance overcomes the hardest substances ,that which offers no resistance can enter where theres no space" Lao Tzu
For this case ; very few people can comprehend manipulation without seeing it,,or understand the value of non action in a market full of overly stipulated price valuations of assets in the crypto space.
Over last couple of weeks whilst the pre-bull era as mentioned by nearly every Btc bull enthusiasts I came out an made a controversial statement firstly calling Btc to 200$ and got some serious heat for it as you would expect from all the crypto noobs.
From very beginning the theory of a working and fully operation Btc society has been based of government failures and in event of a huge economic crisis we would see Btc rise all the way to 30k+ but I want to pull your attention to the economic crisis.
Few weeks ago there was a surge in media that we were at a brink of another devastating economic crisis which we all know can't be allowed to happened with measures like QE in place to foster temporary solutions as economy undergoes recovery ,,but bear in mind BTC was nearing lows of 9000 when this fud came out in all media and people being predictable human beings pulled their resources and invested in the most sure bet that could guarantee then future money in the event the crisis hit and brings us back to baby bitcoin.
Panic arouse from all individual classes on the financial scale,,and as you would expect the big FUd motivators got every one in for a good Btc hold scene
good 1-2% gains and boom everyone was hooked back onto the bull run bandwagon once again , this saw price moon walk its way back to 10k and then near 11k at around 10950 region.
Notice the pattern again, news and every outlet backed Btc to hit record highs of 100k in next few months ,,infant on CNBC they called 10k the generational buying opportunity ,hahaha I apologise because that cracks me up every time I hear that crap ,but any way the hype for Btc was back ,speaking of being back! what ever happened to the awaited Bakkt launch? guess your picking up on the game by now, low positive news,,push price up small percentage get people sold in the idea of getting rich and then drop price near 30-80% and clear them all out, its the rule of thumb in the market.
How do you combat this situation, I would say try to control your greed because these big players have that to play with as well as your EGO especially if you keep believing in something that is fully speculative and accurately has zero value and no real life adoption for the past 10 years of its existence .
To end this piece , I will leave you with this thought in mind;
What happens to Btc when the government bans all online transactions and exchanges? not so powerful after all huh!