Replies to post #17956 on Bitcoin (BTCUSD)

[Nebuchadnezzar]

yes, they are the one's manipulating the price. if i had 1000 bitcoin that i bought years ago for less than $10 but never sold one, im only a millionaire on paper.

its not like the average US citizen or average person around the world is trading or buying Bitcoin, and not whole Bitcoins either.

the more Bitcoin the larger players (players who got in years ago) hold and sell amongst each other at higher and higher prices the easy it is to manipulate until more of them sell their entire positions.

its really no different that what takes place at lowest level of the OTC markets at times, it's just on a much larger scale. right now, Bitcoin is literally a PONZI scheme in the basic sense.

BITCOIN is still valued in FIAT-that is a fact!

if you are long and at lower prices, enjoy the show, any new money coming into Bitcoin now after this fantastical move, is actually quite stupid.

im not sure which one is more stupid, buying Bitcoin with new capital at $23K or TSLA at $650, i picked TSLA bc its literally trading the exact same way as bitcoin.

both are monumental bubbles right now

[Nebuchadnezzar]

let me ask you this. if the FED ever officially tightens its balance sheet and rates rise to 3%+ again, please, tell me how that will affect money and Bitcoin.

there will come a time again when liquidity is tight otherwise, nothing matters anymore. you can throw out everything you know about supply and demand, monetary theory, asset prices etc if the Fed continues on this path, let alone the rest of central banks around the world.

MONEY, whether its crypot or fiat, it really wont mean shit.

i was really hoping we tinkered with Negative rates in the US this year just to see markets throw up on themselves. But if in fact we hit rock bottom in rates in 2020, then there is NO WHERE to go but up.