Is Bitcoin being led to the slaughterhouse?
Is Bitcoin being led to the slaughterhouse?
Bitcoin is a tiny market compared to the central banks; it’s like a flea on the butt of an elephant. Could the parabolic rise in bitcoin and other cryptocurrencies be a orchestrated strategy by the world’s central banks to take control of the cryptocurrencies. By being the most dominate players in these cryptocurrencies just the Fed alone could create trillions of dollars out of thin air and buy everything on offer, not to mention a coordinated plan by all the western central banks. When or if the banks own the biggest stakes in the currencies they could create a selling tsunami and totally overwhelm these markets. This could be a way to break the spirit of the crypto community, just like the precious metal enthusiast have had to contend with ad nauseam. Will the elephant sit on the fleas and squash them out of existence?
got some gold and silver ?
Yep, the central banks have the printing press to create what the sheep call money and build the large infrastructure to mine their own coin. In which they hold the majority off, then they can manipulate the market just like everything else. That is why they are pushing ethereum and why more and more ICO's are based on ethereum. Just last night I saw a ICO that was looking ate using blockchain technology for identification the ICO is called Civic. Whitepaper.
I do indeed have some silver! In fact I used some profits from litecoin to purchase the silver and JMBullion actually accepts bitcoin as a form of payment. Funny thing is that the bitcoin is probably worth 20% more than the silver at the time of purchase :) Anyways, I do feel bitcoin will have a bit of a pullback and is the most commercially vulnerable of the cryptos along with Ripple. Great post
thanks, i can't help but think bitcoin is being set up for a massive takedown.
I agree but webot report said that Bitcoin is going to be at$2300 so I am thinking double minded.
yeah i've read about that to, are you talking about Clif high and his web bot. I'm still on the fence when it comes to web bot reports. Clif also said silver was going to make a moon shot soon, that was about six months ago. cheers
I asked this question a couple days ago in this post
https://steemit.com/cryptocurrency/@sighmanjestah/cryptocurrency-the-ultimate-control
...."And it makes me wonder." --Robert Plant
I don't think the controlling elite will just roll over and accept defeat and just hand over the control of money to a computer. Wishful thinking I think!
Yeah, agreed, The Dutch Tulip Bubble comes to mind, as well. The $64,000 question is when will it burst and/or in what form?
Yes I'm very skeptical about this rapid move in bitcoin, It's gotten much more extreme from when i wrote this blog. Personally I think there is something sinister being set up here.
@silverbug get outta my head! 😂
Maybe we are both just paranoid schizophrenics!
👌
Excellent questions asked.
thanks for the comment.
I was just watching Realist News on you tube about the hackers that was blamed on Russia but the real story is a Elite Plan To Criminalize Bitcoin
Hi there, I think the gruberment will eventually will change the rules to suit their bankster masters.
Bad news is just another opportunity to buy. My opinion.
Hi there, Well that is the main goal of investing, buy low sell high. cheers