Get started

Ponzi

Bitcoin: a huge scam created the biggest bubble in HistoryThis 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...
BITSTAMP:BTCUSDEducation
by Giovi6969
143
Bitcoin. Bounce soon or wat?We're getting close to some supports. I don't see Bitcoin just rushing below with stopping first or bouncing. If the log trendline and ~7600 support area doesn't hold, next level I see is 6900-7200 area which is also supported by the linear trendline (since July), here: Going to have to pay attention if we get close to these lines. +++ I am not a financial advisor (good luck finding one in crypto). I only post for trollertainment. Trade at your own risk +++
BITFINEX:BTCUSDLong
by MrRenev
20
Systemic Risks of Rampant Price Manipulation in Crypto MarketsLooking at charts you can get a strong sense of price action based on the understanding of healthy market behavior. But what if the market behavior is fundamentally unhealthy? No amount of technical analysis would have predicted that Enron would have gone to zero. And this is why it's critically important to understand the presence of systemic risks, that is, fundamental problems in the market that could lead to something going to nothing. When systemic risks hit a critical point very little can be done to reverse the price action as the market simultaneously realizes they're standing on air (like in a cartoon there's a pause before the freefall happens) and prices come crashing well below previous expectations of a "bottom." See Enron, Lehman Bros. Various pundits have weighed in on Bitcoin and cryptocurrency being variously a "pyramid", a "ponzi," a "fraud," etc. and I have previously felt like those commentators just didn't understand this new technology. I still think that blockchain and cryptocurrencies could be invaluable, but at this moment, we're on the verge of what could be a serious problem due to the fundamental risk of a market that could be wildly overvalued while the "charts" and "TA" suggest a technical level for a reversal. If nothing bad happens then perhaps this will happen. If the other shoe falls with Bitfinex and Tethers then the ground will open up and swallow us all. We know from well documented analysis, that Bitcoin prices were heavily manipulated in 2013 and this is discussed in this paper: weis2017.econinfosec.org as well as here (by the same authors) in less formal terms: voxeu.org and a more TL;dr version here: www.inverse.com And we know now in 2017 that Bitcoin prices have been heavily manipulated in China and all across exchanges globally. The systemic risks apparently were bad enough in China that they shut down all exchanges. The data on this isn't so great, but we do know that China inspected exchanges for price manipulation prior to shutting them all down. This piece summarizes the China problem: thebitcoinnews.com which boils down to this: Chinese exchanges are using wash trades and algo bots to pump up volume and price to attract more users/traders. And this Redditor cites here one Chinese exchange owner calling out two others as inflating volume through wash trades: www.reddit.com Naturally, this widespread scheme led to the banning of cryptocurrency in China. Should we see more revelations of such practices the regulatory risk will be extreme. But that's really only the tip of the iceberg. The problem now is Bitfinex and the degree to which they may have inflated market prices for Bitcoin and due to extreme correlation in the crypto market, everything else including ICOs which were already extremely inflated from speculation. (more below)
BITFINEX:BTCUSD
by powderpc
11
Gold rush could be coming soon. The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store. There is considerable risk that the global Ponzi scheme may come tumbling down. As I do not predict, I cannot say when. These a troubled times. I expect Gold to rise considerably. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
FX:XAUUSDLong
by Captain_Walker