MrRenev

Bitcoin sad but unavoidable fate

Short
MrRenev Updated   
BITSTAMP:BTCUSD   Bitcoin
Bitcoin had a good run. Fortunes were made and lost. But everything has to come to an end.
Even to the hardest most stubborn holders it is getting more and more evident.

Stop looking at the noise on 1 hour charts.
Get rid of all the useless indicators.

Simply look at the price.
You cannot not see it.

Here is a screenshot if your monitor/settings isn't displaying it correctly:

Pumps are getting weaker.
Peaks are getting lower.


Bitcoin fate is sealed.

It's over.
Comment:
Remember how excited bitcoin baghodlers were when moving averages crossed making "golden crosses"? "The bull market is back confirmed! Last time it went up!"

Haven't heard much from them when MA50 and MA100 crossed.
Brace yourselves to not hear a word from them when MA50 & MA100 and MA200 cross.


Let me know the day when someone is successful more than a lucky once or twice by ignoring facts and seeing what he wants to see ;)
Comment:
This is all interesting.


A possibility:

I think no matter what happens it won't be a surprise.
One could make a list of ~5 possibilities...
What a market xd
Comment:
We wont be forgotten we'll never give in
This war we've achieved has allowed us to win

My last true confession will open your eyes
I've never known trust like the night
Let it be spoken, let it be screamed, they'll never ever take us alive


Bitcoin contrarians (bulls) were ridiculed by the sheeple when BTC was at a few cents, a few dollars.
Then the sheeple started feeling regrets. And they bought BTC at thousands of dollars.
Now that BTC is priced in the thousands, they ridicule the contrarians (bears) "It's obvious Bitcoin is here to stay, because reasons".
Then the sheeple will start feeling regrets not selling when BTC was priced in the thousands "I could have sold for $10,000 but I did not, this was my greatest mistake".
Comment:
Yet another early Bitcoin millionaire announces he does not like the Bitcoin world anymore.

www.bloomberg.com/ne...ove-for-the-industry

Just like stocks... Signs are evident... Insiders are out... Retail keeps buying and holding... Price plummets... And the small fish is left holding the proverbial bag...

Same story over and over and over.


In other news this is it! Tether is now the number 1 cryptocurrency by volume.

coinmarketcap.com

It's far away but they will become the number 1 crypto by market cap.

Same story everytime. Only the fine details change.

It's over.

I am glad I am more and more being proven right.

Bitcoin made a lucky few millionaires, and was 1 of the biggest bubbles ever.
It will never disappear, it will stay in books for the next centuries, never to be forgotten.
Comment:
> Tether getting sued by Satoshi lawyers (1/3) for creating the biggest bubble in history. Satoshi "heirs" say they have proof. Tether of course is squirming "uh your methodology was not ethical we cannot use those results".

> Changpeng "Al Capone" Zhao has made some news, he was caught red handed with false marketing and corruption, go figure. "Funds are safu". Binance is the biggest exchange right? Using Tether lmao... Oh he also threatened - mafia style - a crypto person, Larry Cermak (Director of Research at The Block). What a great comedy show!

> FED are manipulating the market again some more. The great US economy received 80 billion dollars. Going to turn great. I heard super speculative markets based on new unproven tech did great in those conditions! Haha.
Don't worry, Tether got your back, they'll print and print, it will all be fake and no one will be able to cash out, your BTC bags will be totally worthless, but you will be able to tell people "muahahaha BTC price went up!"

> And lastly, today I checked bitmex leaderboard by ROE. Number 2 has a website.
Wow what returns, 408444.21%. Market makers. Go figure. Each transaction gets paid a nice rebate, and bitmex volume is in billions. BTC is flat almost all the time "just hodl oh god please please please I beg you make it so that some miracle buyer appears and saves us" XD
They are draining this market to the last cent.

BTC baghodlers have a pretty tought task.
They are bullish on a pyramid scheme that went worldwide, all the planet heard of it, and 21% of students used their student loans to "invest", 14% of chinese have "invested" in crypto. On top of that, it is full of criminals. Has a fundamental value of zero. And it is like a hot ballon full of holes, in this case it's leaking tens of millions every day, to market makers, miners, exchanges commissions...
GOOD LUCK!


Comment:
Bitcoin chart should...







Bakkt volume is still ridiculously low.
Satoshi lawyers are still suing Tether for creating the biggest bubble in history.
Binance CEO is still a criminal (got caught red handed with corruption and more).

Absolutely everything is pointing down.
I cannot find a single reason for the price to go up other than bulls "buuut I want it to go up qq".

France has said that btc to crypto transaction won't get taxed, only when you turn it to fiat, maybe they are working for the rothschild new world order and want to get people to use the new world order currency (disgusting), but anyway... this means I might buy some btc.

With central banks going full insane, they are seriously considering "DEEP NEGATIVE INTEREST RATES" I am not kidding, they even published articles on it, and how they are geniusses that solved recessions (it's very hard to believe I know, they must do alot of drugs), central banks currencies are well worthless, and gold? These cancerous pieces of dirt can just ban it like in 1930s.
They can destroy bitcoin too, easilly.

But still, if it gets desperate enough, might be worth a shot having some, and hoping its not a rothschild trick to control the world.

Just a few.
Property also, which they might confiscate too if socialists came to power because "no one should sleep outside", and just turn your properties in spots for crackheads.

Best investment is yourself. Being able to trade the markets, or trade the post apocalyptic nuclear waste world (dem survivors are going to need food & materials and no 1 city has everything so trade between them will be necessary). :p


Won't even use a stop loss. I'll buy some on mex with leverage (and a stop), and some just without any stop.




Comment:
I see 1 of 2 things likely to happen.

1-
2-
"We are in 2015"


The trap awful noobs fall into is having a big winner once in a while "aha I knew it".
I am sure if they kept getting hit, they would either learn their lesson, or just quit disgusted.
But just that once in a while they get those winners that keep them going, gives them hope.
Really doubt that happens here thought. Sub 3k necessary before going higher has remotely humanly possible odds.
Comment:
Big news!

But first I need to start with an introduction, ease my way into it.
I remember the days where I was still working a job for someone else.
In a bank ("That's why he hates Bitcoin so much!"), and the wagies there were quoting mcafee, I know for a fact people got influenced by his "trendline" "mathematics" "logic" "innevitable" calls.

He recently upped the stakes. Now it's $2 million per Bitcoin by the end of 2020 of mathematics themselves are flawed.

Ah, also, he thinks no one should hodl Bitcoin but spend it.
He thinks Bitcoin is ancient "It’s an ancient, arcane technology and yet it’s still going to be worth a fortune".

He also says Bitcoin is a store of value, it does not work as a currency and no one should spend it, but hold onto it as it is a store of value.

He also says he does not own any Bitcoin himself.

He also lives in an aluminum box. Literally. And does drugs. A LOT by the looks of it.

He posts alot of conspiracy video (while completely high most of the time) on his twitter. He really loves the attention.

He's completely insane it is amazing. Perfect figure to represent the Bitcoin community.

I would like to congratulate the gullibles for following the advice of a complete lunatic.

A last word,



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