BitCoin -down Another $550 in 24 Hours

in #bitcoin9 years ago (edited)

Everyone I've talked to are still blaming this on China's fake news but this continued price drop is not fake. It's real and people are getting worried.

As Bitcoin was hitting record high after record high in the wonderful month of August 2017, and then began rapidly approaching that big, beautiful, round number of $5,000, millions of Wall Street investors began to to realize you didn't need an over-paid clown in a Walmart suit to mooch from your profit, you didn't need an investment company and you didn't need to invest in companies that destroy Planet Earth, pay their employees slave wages and rip off their customers as they stand in line to purchase useless Chinese plastic items to show off to their trailer-park friends!

"YEAH! Come on in! The water is warm!"

We hit it! We really made it! Let's sit and watch BitCoin go to the moon!

Then came the China ICO crackdown-news, which wasn't fake. What it was was over-exaggerated media hype: "doom and gloom, we're all gonna die and wind-up living in Pintos on the streets of Camden, New Jersey."

Boom! Petrified newbies and veteran Wall Street puppets reversed their strategy and said, "Nope - this is illegal and Bitcoin is bad."

Beginning on the first day of September Bitcoin loses 20% value and $1,000 in 3 days.

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"Hey guys! We were just kidding. You're gonna love me tomorrow. Come on back and be my snuggle-bunny! I love you!"

Once it settled down at around $4,000 Bitcoin shows strength via long-term buy-and-hold veterans and those "not so new anymore investors" reluctantly give "the coin of Bit" another whirl.

From September 4th to September 8th BitCoin rose back up to the mid $4,600s and everyone said, "See? Everything is wonderful and now we're safe and happy."

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Then The Wall Street Journal started thinking, "Hmmmm... That was kinda fun! Let's do it again and get our investors back to being OWNED-BY us!"

More horrendous news from China, translated by Google-translate.... (hmmm..) and I think it means the government is going to take all our money and give it to used-Pinto salesmen!!"

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Shit! From Sept 8th to now (Wednesday September 13th / 8am est) Bitcoin has lost another $800+ and even old-coin money is looking for streets to live in Camden, NJ.

We Don't Need You!
We Don't Love You!
We don't need September!
We don't even like you and your fragile Koch-Industries existence.

We were doing just fine until you came along.

We are independent and self-governored and no one is in control of us.

Except China and The Wall Street Journal!

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BARGAIN PRICE! With new China-made steering wheel cover!

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Morning headlines say kim jong un is stealing all our bitcoin...lol

Hahahahaha!

Kim is going to send BitCoin to the moon with his rockets and The Don will get his war.

Then the arms-dealer investors will be paid-off in LiteCoin and everyone shall be happy, happy, happy!

Except the dead children and the dead women.

After that we can all buy land in North Korea and sell it to Wall Mart!

Boom!

I have plans!

Interesting post. Spells it out pretty good. I'm new to the game, so this sort of helped. Have a good one.

Hi,

I'm glad this helped you. Sometimes humor, being a smart-ass and satire have a way of cutting through the BS and getting to the truth.

PEACE!

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