Here is why Bitcoin is dropping and will drop further coming weeks
We recognize the drop of 200 - 300 dollar every 2 days, from MT Gox last year, if this repeats every time BTC will try to go up to the old value, we know what will happen. Yep deep down finally.
As we know from the news a user account original wallet contained 111,114.62 Bitcoins and Bitcoin Cash. This could be worth at least $844 million now. The wallet owner divided his share of coins into chunks 5,000. Now there are wallets of 500 coins and 100 coins. The coins stored in the 111,114 wallet have been moved to Binance and Bitfinex.
So, there will be a continues drop of the Bitcoin after it goes up again over a long time...
What everybody knows is that we first have to drop, before we go up, so that is inline with what we see happen.
See: https://steemit.com/bitcoin/@goldmine2018/bitcoin-predicting-the-correct-value
9-11
So around 9-11-2018 (yes 9-11), BTC could drop back to $ 6200, and after this follow almost the same pattern up.
12-17
Around December 17th it will reach his highest value, but this time is higher than last year around $ 22800.
I stay with my own prediction path that is still correct:
Predictions:
September 09-01-2018 $6100 - $7480.
October 10-01-2018 $6350 - $7800.
November 11-01-2018 $6600 - $8125.
December 12-01-2018 $6850 - $8450.
January 01-01-2019 $7100 - $19100.
If the BTC owner keeps on selling, it could be the end of Bitcoin, because many people will withdraw their money after the ETF is rejected also in february 2019.
By the way this is all driven by the Banks and Financial institutes on purpose, because they do not want Bitcoin to take over.
See:
https://steemit.com/bitcoin/@goldmine2018/i-am-so-happy-that-sec-rejects-9-bitcoin-etf-applications-the-people-won
I tend to disagree. They know that their system will collapse and they are looking for something new, something like BTC :)
Investment bank Goldman Sachs is ditching its plans to open a cryptocurrency trading desk, reports detail. It was only early last month when rumors circulated that the legacy financial institution was even doubling down on their digital asset fever. That appears not to be the case anymore, and markets are not taking the news well.
Yep they did it on purpose, first create hope, then nock down there own news.
Banks do not want to lose control...
Hmm the end of BTC really…..
Mt Gox no longer sells bitcoins he pays creditors in BTC, this has a judge determined.
Last Sunday, a massive deployment of BTC short positions took place. Likewise, millions of Tethers have moved to Bitfinex wallets
It therefore looks as if an organized group is going to become even richer.
After that the bull run will begin....
The address in question has been subject to much speculation not least because one transaction with a very small amount of bitcoin was linked to the former bitcoin drug bazar, Silkroad.
The address, moreover, appears to have begun its life around June 2011, a time when an MT Gox hack led to a flash crash of bitcoin’s price. Some therefore speculate these might be Gox’s or Jed McCaleb’s, the previous owner of Mt Gox. Both deny.
The name of the address is by itself very interesting. It looks like a vanity address, although it could be quite a coincidence, because it starts with 1933.
In 1933, the then US President Franklin Roosevelt made an executive order confiscating gold. Satoshi Nakamoto referred to that event by self-declaring his birthday as April 5th 1975, the day when the above order came to an end.
This could, therefore, be Nakamoto himself, although it could well be someone else trying to deflect attention, pretending it is him or as stated the fact the address starts with 1933 could be a complete coincidence or of course it could be some other bitcoiner that wanted to refer to that event.
In short, we have no clue, but what we do know is that this 1933 address moved all of its funds on the 9th of March 2014, around the time MT Gox declared bankruptcy and “found” 200,000 btc which was then moved in March 2014.
Since March 2014, the address has been breaking its coins into smaller and smaller pieces with some of them recently ending up on exchanges.
@goldmine2018 maybe something will change