*WARNING* THIS IS A LONG POST.....
BITCOIN TRADING PSYCHOLOGY....CNBC WANTS TO SCARE YOU AWAY...Don't let them...research this revolution.
WE SHALL debunk the BTC critics from 5/30/19 on CNBC TELEVISION USA.
WHY IS THIS IMPORTANT? Some call it a healthy debate...whatever...I call it savage fake news and disgusting.
Bart Smith tried his best answering questions but he wasnt ready for their ignorant questions?
I WILL RESPOND...
Negative Statement #1
"What kind of volume has been involved in this move?(implying volume is low/bad)"
LETS RESPOND:
-Coinmarketcap shows RECORD VOLUME HIGHER THAN EVER BEFORE.
-OTC BROKERS REPORTING HIGH DEMAND/VOLUME.
-EXCHANGES USE FAKE SUPPLY TO ACTUALLY KEEP PRICE DOWN UNNATURALLY
-When Fidelity rolls out completely it will be massive volume...
-When worldwide regulation rolls out by FATF it will be massive volume...
-When ETF starts it will be massive volume(Bakkt testing in July)...
NEGATIVE Statement #2:
"There has always been an inherent skepticism if not cynicism that there has been manipulation in this market?"
YES, it is manipulated..but the effect overall is TO KEEP PRICE LOW....like silver...kinda...
~CASH SETTLED FUTURES MARKET
~EXCHANGES TRADE DERIVATIVE COINS OFF CHAIN
~OTC IS USED FOR WHALES TO BUY AND HOLD WITHOUT MARKET MOVE
IF ALL VOLUME WAS MARKET ORDERS IT WOULD LIKELY BE 12K RIGHT NOW ATLEAST.
NEGATIVE Statement #3:
"Do you think you can sell in size right now at price?"
OBVIOUSLY...
But the way the market is...that rich person wouldn't use a retail exchange.
THE PROBLEM IS ACTUALLY THAT YOU CAN NOT BUY IN SIZE!!!!!!!...it makes price go up..
YOU CAN SELL ALL DAY...ALL THE BILLIONAIRES ARE SITTING AROUND WAITING FOR YOU TO BE STUPID ENOUGH TO SELL TO THEM THIS CHEAP IN BULK.
NEGATIVE Statement #4:
"If you look at the volatility over time of Bitcoin there is no way you can consider it a store of value or a reliable medium of exchange, so my basic question...isn't this purely a speculative medium?"
....DOLLAR COST AVERAGE
RELIABLE?!?!?!?!
PROVEN TRUSTED FOR 10 YEARS 24/7 NEVER FAILS NEVER STOPS!!!! If that was your car would you call it reliable?
Lightning Network isn't PERFECT YET...BUT...
PURELY SPECULATIVE?....ITS THE KING OF A CURRENCY FREEDOM REVOLUTION...
VISA/BANKS/CURRENT SYSTEM.....NEED BAILOUTS TO NOT FAIL(remember that 2008 thing?), THEY HAVE GLITCHES, WITHDRAWAL LIMITS, AVAILABILITY LIMITS, CANT SEND WORLDWIDE, NATIVE CURRENCY ONLY, NEED AN IDENTITY, MAINTENANCE FEES, AND THEY CAN FREEZE YOUR ACCOUNT!!!!!!! THEY CAN FREEZE YOU...is it really your funds?
NEGATIVE Statement #5:
"Is there anything else to this other than that{speculation}?"
Well...It's a revolution of TRUST,FREEDOM, and EFFICIENCY.
ON AVERAGE A FIAT CURRENCY WILL LAST 27 YEARS.
BITCOIN HAS LASTED 10 YEARS(essentially flawlessly 24/7)
So...There is NO proof that Bitcoin could EVER FAIL.
There is proof that fiat currencies ALWAYS FAIL.
All we know so far is the price ALWAYS bounces back eventually...and there is no proof BTC could ever fail and it appears uncorrelated...HOW DO YOU EVEN DEFINE THE RISK??????
No need to trust a 3rd party. Do you need permission to use your currencies? Can you transfer Millions of purchasing power to a Venezuelan within an hour without anyone being able to stop it?
NEGATIVE Statement #6:
"People talk about this as a store of value, I know we can debate that issue... shouldn't this{bitcoin} operate not in tandem with gold but actually at the opposite ends of gold I mean in terms of the diversion we should see in terms of price."
The GLD and BTC charts look nearly the same if you compare the correct timeframes... but the BITCOIN market moves like 10X+ Faster. If the world economy uses bitcoin as a flight to uncorrelated safety(risk off) even though you SEEM to call it high risk speculative...then we will likely see Bitcoin skyrocket up and then slowly Gold skyrocket up...slower behind it. Bitcoin is more liquid.
NEGATIVE Statement #7:
"BUT...Three months ago it was worth $3,000 dollars"?
HOW MUCH DID YOUR NET WORTH DROP BEFORE THE BAILOUTS IN 2008?
Bitcoin moves 10X FASTER and BOUNCES BACK 10X FASTER.
BUT IT DOESN"T NEED A BAILOUT TO SURVIVE! AND THEN MAKE HIGHER HIGHS QUICKER!
NEGATIVE Statement #8:
"and price is what you pay...value is what you get...so value is the question here"
*eyeroll*
YOU GET ANY FIAT CURRENCY YOU WANT WORLDWIDE.
You go to a Bitcoin atm and withdraw federal reserve(private bank immune to laws) notes. You do whatever you want...why are these questions ALLOWED????
NEGATIVE #9
"You're talking about retail getting involved all over again and there were a lot of people that were burned in retail multiple times it has been a roller coaster across the board...Is the idea that you're hoping that they pile in and then they are left holding the Bag?"
WELL......LUCKILY THEIR BAG WON'T NEED A GOVERNMENT BAILOUT......IF YOU LITERALLY ONLY WANT TO BUY BITCOIN THE COUPLE MONTHS IT IS AT THE TOP...JUST HOLD ON, BITCOIN ALWAYS MAKES A HIGHER HIGH IN 1-4 YEARS.
OR DOLLAR COST AVERAGE AND ONLY RISK 'PLAY MONEY'...
Your YIELD CURVE for the USD market is inverted and CNBC wants us to think trustless, decentralized, unstoppable, revolutionary currency is a problem.
Thanks for reading :)
Enjoy the show
Enjoy the crypto freedom revolution.
link
youtu.be/yB-78k48LG0
BITCOIN TRADING PSYCHOLOGY....CNBC WANTS TO SCARE YOU AWAY...Don't let them...research this revolution.
WE SHALL debunk the BTC critics from 5/30/19 on CNBC TELEVISION USA.
WHY IS THIS IMPORTANT? Some call it a healthy debate...whatever...I call it savage fake news and disgusting.
Bart Smith tried his best answering questions but he wasnt ready for their ignorant questions?
I WILL RESPOND...
Negative Statement #1
"What kind of volume has been involved in this move?(implying volume is low/bad)"
LETS RESPOND:
-Coinmarketcap shows RECORD VOLUME HIGHER THAN EVER BEFORE.
-OTC BROKERS REPORTING HIGH DEMAND/VOLUME.
-EXCHANGES USE FAKE SUPPLY TO ACTUALLY KEEP PRICE DOWN UNNATURALLY
-When Fidelity rolls out completely it will be massive volume...
-When worldwide regulation rolls out by FATF it will be massive volume...
-When ETF starts it will be massive volume(Bakkt testing in July)...
NEGATIVE Statement #2:
"There has always been an inherent skepticism if not cynicism that there has been manipulation in this market?"
YES, it is manipulated..but the effect overall is TO KEEP PRICE LOW....like silver...kinda...
~CASH SETTLED FUTURES MARKET
~EXCHANGES TRADE DERIVATIVE COINS OFF CHAIN
~OTC IS USED FOR WHALES TO BUY AND HOLD WITHOUT MARKET MOVE
IF ALL VOLUME WAS MARKET ORDERS IT WOULD LIKELY BE 12K RIGHT NOW ATLEAST.
NEGATIVE Statement #3:
"Do you think you can sell in size right now at price?"
OBVIOUSLY...
But the way the market is...that rich person wouldn't use a retail exchange.
THE PROBLEM IS ACTUALLY THAT YOU CAN NOT BUY IN SIZE!!!!!!!...it makes price go up..
YOU CAN SELL ALL DAY...ALL THE BILLIONAIRES ARE SITTING AROUND WAITING FOR YOU TO BE STUPID ENOUGH TO SELL TO THEM THIS CHEAP IN BULK.
NEGATIVE Statement #4:
"If you look at the volatility over time of Bitcoin there is no way you can consider it a store of value or a reliable medium of exchange, so my basic question...isn't this purely a speculative medium?"
....DOLLAR COST AVERAGE
RELIABLE?!?!?!?!
PROVEN TRUSTED FOR 10 YEARS 24/7 NEVER FAILS NEVER STOPS!!!! If that was your car would you call it reliable?
Lightning Network isn't PERFECT YET...BUT...
PURELY SPECULATIVE?....ITS THE KING OF A CURRENCY FREEDOM REVOLUTION...
VISA/BANKS/CURRENT SYSTEM.....NEED BAILOUTS TO NOT FAIL(remember that 2008 thing?), THEY HAVE GLITCHES, WITHDRAWAL LIMITS, AVAILABILITY LIMITS, CANT SEND WORLDWIDE, NATIVE CURRENCY ONLY, NEED AN IDENTITY, MAINTENANCE FEES, AND THEY CAN FREEZE YOUR ACCOUNT!!!!!!! THEY CAN FREEZE YOU...is it really your funds?
NEGATIVE Statement #5:
"Is there anything else to this other than that{speculation}?"
Well...It's a revolution of TRUST,FREEDOM, and EFFICIENCY.
ON AVERAGE A FIAT CURRENCY WILL LAST 27 YEARS.
BITCOIN HAS LASTED 10 YEARS(essentially flawlessly 24/7)
So...There is NO proof that Bitcoin could EVER FAIL.
There is proof that fiat currencies ALWAYS FAIL.
All we know so far is the price ALWAYS bounces back eventually...and there is no proof BTC could ever fail and it appears uncorrelated...HOW DO YOU EVEN DEFINE THE RISK??????
No need to trust a 3rd party. Do you need permission to use your currencies? Can you transfer Millions of purchasing power to a Venezuelan within an hour without anyone being able to stop it?
NEGATIVE Statement #6:
"People talk about this as a store of value, I know we can debate that issue... shouldn't this{bitcoin} operate not in tandem with gold but actually at the opposite ends of gold I mean in terms of the diversion we should see in terms of price."
The GLD and BTC charts look nearly the same if you compare the correct timeframes... but the BITCOIN market moves like 10X+ Faster. If the world economy uses bitcoin as a flight to uncorrelated safety(risk off) even though you SEEM to call it high risk speculative...then we will likely see Bitcoin skyrocket up and then slowly Gold skyrocket up...slower behind it. Bitcoin is more liquid.
NEGATIVE Statement #7:
"BUT...Three months ago it was worth $3,000 dollars"?
HOW MUCH DID YOUR NET WORTH DROP BEFORE THE BAILOUTS IN 2008?
Bitcoin moves 10X FASTER and BOUNCES BACK 10X FASTER.
BUT IT DOESN"T NEED A BAILOUT TO SURVIVE! AND THEN MAKE HIGHER HIGHS QUICKER!
NEGATIVE Statement #8:
"and price is what you pay...value is what you get...so value is the question here"
*eyeroll*
YOU GET ANY FIAT CURRENCY YOU WANT WORLDWIDE.
You go to a Bitcoin atm and withdraw federal reserve(private bank immune to laws) notes. You do whatever you want...why are these questions ALLOWED????
NEGATIVE #9
"You're talking about retail getting involved all over again and there were a lot of people that were burned in retail multiple times it has been a roller coaster across the board...Is the idea that you're hoping that they pile in and then they are left holding the Bag?"
WELL......LUCKILY THEIR BAG WON'T NEED A GOVERNMENT BAILOUT......IF YOU LITERALLY ONLY WANT TO BUY BITCOIN THE COUPLE MONTHS IT IS AT THE TOP...JUST HOLD ON, BITCOIN ALWAYS MAKES A HIGHER HIGH IN 1-4 YEARS.
OR DOLLAR COST AVERAGE AND ONLY RISK 'PLAY MONEY'...
Your YIELD CURVE for the USD market is inverted and CNBC wants us to think trustless, decentralized, unstoppable, revolutionary currency is a problem.
Thanks for reading :)
Enjoy the show
Enjoy the crypto freedom revolution.
link
youtu.be/yB-78k48LG0