This message is for the cryptomaniacs that are still brainwashed regarding the situation of Bitcoin and that are calling me a noob since a few months : Bitcoin is the future of money, a virtual gold, only smart people understand its true value, it is a gift from Gods, i am too stupid to understand it,... The problem IS that i UNDERSTAND it. The rich persons that own almost half of the Bitcoin, brainwashed you through any kind of network to buy Bitcoin . This huge artificially created demand made you believe you will become a millionaire buying Bitcoin. They have got half of the avalaible coins, you rushed the trading exchanges to buy Bitcoins in mass because of their brainwashing on you, your Fomo and your greed. Bitcoin became more and more rare as coins are almost not used as a currency and are instead stocked in virtual safes, the extra huge demand compared to the small supply made the prices explode. And the value crashed to the downside when the whales sold in mass. They stole your money, and you keep on dreaming about Btc. Bitcoin itself is not a scam, blockchain is awesome, the way bitcoin itself is mined and transferred is awesome. The existing scam that i want you to realize, is the manipulation these whales did to you to make you think you absolutely need Bitcoin. Their idea was indeed extremely good. This whole move of Bitcoin Holy Grail label is a monstruous fraud. They managed transforming a crypto currency into an sort of Ponzi scheme asset like. Don't you see it? Governments, banks and investment funds are warning you since months that Bitcoin is a fraud. You think it is for no reason? And i am not even talking about the monstruous price manipulations, Tether, pump and dump schemes, Bots artificially pumping the prices, ... If you think Bitcoin is the future as a currency, you are wrong. Almost every country in the world is about to regulate these coins. When they say regulate, it does not mean they intend to regulate them in a positive way, wake up! They intend to shut down bitcoin beeing used as a currency, it is extremely dangerous for governments as it creates risks of fraud, money laundering, they need and want to control their money, and believe me, they will terminate the use of Bitcoin! They can, and they will do it. They will regulate it as beeing a stock, not a currency! they are saying every day that Bitcoin is not a currency, but you are blind because of your brainwashing and DO NOT even see governments warning messages. This means you will only be allowed to trade on recognized exchanges! If you have financial knowledge, you know what it means: no more Tether, no more price manipulations, no use as a currency but as a stock only. Countries decided right in front of your eyes about Bitcoin Faith during the G20 meeting: they want and they will regulate this cryptocurrencies market. They want to regulate its speculation! you know what it means? Open your eyes, it means they want to stop this Bitcoin Label scam that brainwashed so many persons to speculate on Bitcoin, they will terminate the fraudulent market and they will certainly terminate its use as a currency. Bitcoin is extremely highly priced because prices are manipulated since a few years, you have to realize this too. Human trading did not raise the value of Bitcoin from 1 dollar to 20.000 dollars! When this market will be regulated, this will be game over for the Bitcoin you know since all those years. You would still be able to trade a non volatile Polly Pocket Bitcoin. Finally, i want you to face the gigantic bubble of 2018. Its pattern structure is a Nasdaq Composite pattern type, this ressembles in nothing to the previous crashes (already made by whales) of Bitcoin, i am sure you can see it. This 2018 crash is the biggest bubble humans have ever created in term of value, and if you do not realize this, ask yourself why you are too blind to see this market speed-light collapsing right in front of you, and try to save your money...
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I forgot to add two points: - Tulip mania ended shortly after the Dutch started introducing futures on tulips Bitcoin started to collapse shortly after futures were introduced
- That Countries are interested with blockchain not because they want to promote Bitcoin and other existing cryptocurrencies, but because they want to introduce their OWN regulated and official cryptocurrencies, and to control the regulation of incoming big companies cryptocurrencies. And Blockchain will have a lot of use in Administrations, finance, State logistics, healthcare etc.
Trade closed manually
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My final conclusion regarding Bitcoin is that it is the first mass decentralized Ponzi scheme type created It is not evident to realize it because of the particular nature of Bitcoin: Bitcoin itself is not a ponzi scheme nor a scam, the way Bitcoin mania was produced is the Ponzi scheme scam i am talking about I might be wrong, i'm not a fudder or a psycho, but i consider it to be a very high possibility Good luck
Let's take this news with care, and see if it appears somewhere else officially to be confirmed, and that it is not another Fud news.
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After reading more carefully different articles, the banning effect is not immediate at all, but it will come later on, so good news, no fud for now it seems.
This is what the Minister of Finances of india recently said about cryptocurrencies: "There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money. Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes". Finally, i see some important world persons using the Ponzi word to talk about cryptocurrencies. I actually feel a bit less noobish and retarded, thank you Mr. Minister. Ah, no, maybe he is saying this to spread fud to buy cheaper cryptocurrencies lol.
So with hindsight, was i spreading fud or was i trying to be realistic in the middle of a bubble? News are starting to talk about this scam it seems. Take care a lot.
I like when people say it's the end of BTC every time it corrects. They go like "it's the end", "you're gonna lose your money", "it's not a correction but the last crash", "it will go to cero" and bla bla bla.
Just realise people say it because they're scared but good investors will say: "okay, it's down. Time to buy". And when it goes up there's not margin for other traders to get in. There's when they say BTC will die.
But it's the same behaviour every time it happens.
Tbh... BTC is here to stay. It will go to 70000 dollars and when it corrects and goes back to 5000 everyone will say it's a scam.
All that goes up, goes down and the other way round.
:)
Giovi6969
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@Andbcoin,
Indeed, this is a possibility that i am aware of.
I am just seeing a different overall pattern of the "crash" for this 2018 one, and this is putting an alarm on me as this time Bitcoin is simply the biggest bubble in human History, and not a simple crash as it used to be lol. Doesnt this alarms you in any way? You are confident that Bitcoin will continue the cycles it did during the previous years, especially knowing this fraudulent market will be stopped with the regulations?
Andbcoin
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@Giorgioversace, I know what you mean, but regarding the shape, it looks similar to the bottom right image. Bear in mind that it's not the same a correction. It went to 20.000 dollars and if it goes to 13000 in some days, people lose 7000 dollars per bitcoin. The correction then is performed faster.
One think is true. I will invest in it when it goes down and I think a lot of people will do the same.
Andbcoin
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@Giorgioversace, I said it looks similar because I can see we are in the downtrend channel of the second top. More to go down still.
H4m3d
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This is no where near the biggest crash btc has ever done try going from $230 to $60 b7cks in april 2013 and from $20 to 25cents in 2011 the later is a drop pf 99% I bet all those people buying at the top of those bubbles are hell possed right now
@H4m3d,
I hear you buddy. I am not saying that this 2018 is the worst crash of Bitcoin regarding its crashing difference of value between the top and the potential bottom, but i am basically saying it is the first time Bitcoin is behaving like a true bursting bubble and not like a crash, and this is what is alarming me.
The people who bought Bitcoin at the top are probably pissed, and poor at the moment
Detective_Conan
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@Giorgioversace, just here to correct your claim that this is the biggest bubble in history. The dot com bubble was a 5 TRILLION dollar crash. This is not even 1 Trillion.
Giovi6969
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@ArterKingsawat,
Absolutely, that's why i say Btc bubble is the biggest one in term of value
Just realise people say it because they're scared but good investors will say: "okay, it's down. Time to buy". And when it goes up there's not margin for other traders to get in. There's when they say BTC will die.
But it's the same behaviour every time it happens.
Tbh... BTC is here to stay. It will go to 70000 dollars and when it corrects and goes back to 5000 everyone will say it's a scam.
All that goes up, goes down and the other way round.
:)