Topic: Bitcoin and The Crashing Game (Read 3547 times)

100% agree with this statement ! The thread in my opinion is done to dissipate panic in our community

Fiat, despite its widespread use and therefore larger degree of convenience, is the most bullshit type of "money" in terms of fundamentals.

Digital currency is certainly the future, however there are two forks down the road:

The elite wanted to create a digital currency for global use, with significantly different specifications:

a) Centralized
b) Inflated at will
c) Ability to monitor everything (what you do etc)
d) Ability to control everything (make individuals who do not conform to the power structure suffer by blocking their "wallets", therefore disrupting their ability to live an ordinary life)
e) Issued as debt - which means that it would directly, or indirectly, accrue profit for the issuer.
f) Ability to tax and implement fees for every transaction, so that in the long run, people would lose their shirts.

...Bitcoin disrupted their plans because it offered a way out to this nightmare-scenario. This means that attacks towards bitcoin are to be expected as natural. The elite will try to manipulate every single parameter to achieve their agenda, making adopters uncomfortable with the waves that they have to ride. People can either give up, admit defeat and bend over, or they can resist through the cryptocurrency evolution - whether it is through BTC or some other coins in the decades ahead.

I started like all the believers in bitcoin! I'm with bitcoin from when it was worth a dollar and ati just released GPUs good enough to mine for profit.
Over the years I truly believed that it's the next big thing ... crypto-currency. The future.

Well it's NOT! It's actually worst than fiat.

You're whammy would be a perfect avatar for the "crashing game"  haha I used to love that show...

is online poker rigged?  How come every time I have KK, someone else has AA?  haha

How do you guys have the time to write all of this? I don't even have the time to read it.

The old guard (bankers) want a centralized electronic world currency, something like Bitcoin, but that they can control / insert fees. They, along with the governments, want to control the people by controlling their wallets. Did you do something that we didn't like? Too bad, your wallet is frozen so you will not be able to perform transactions.

Bitcoin has pre-empted them.

Your scenario assumes the old guard (bankers) want cryptocurrencies to fail...

Quite the opposite. The bankers will become anonymous whales of Bitcoin (like satoshi and the other whales).

So our new money supply will still be manipulated, only now it will be done by even more anonymous parties. I kind of think this is scary because at least with a central bank, the people can eliminate it through legislation (happened many times over US history, and will happen again if the Federal Reserve proves incompetent). so Bitcoin could turn sinister.

The problem is not the news message per se. If it were, then it would be the same for everyone that would have to react to a given market where everyone would adapt on the same level. But the ruling elite CREATE the news. They own the money, the resources, the politicians, the bankers and the media. By creating events & news they are miles ahead of everyone else.

As I wrote earlier if knowing the future can be good in terms of financial investments, controlling the future is off the charts - and these actually people control the future and by association the market. They are literally kings of (any) market.

This is serious stuff because it's not a question of some "weak hands" losing. It's a multi-layered objective which intends

a) to acquire control of the BTC market for peanuts and without exploding the price of BTC through their buying (that would make everyone say "wow look at BTC, we've got to have some") through the cycling buyback process

b) to make BTC very volatile through controlling the future/news/political-economic decisions AND the coin supply (useful for creating dumping panics), thus making it unusable and untrustworthy as a currency. What you see in the news as "news", are carefully choreographed signals*.

c) to control all other cryptos through BTC, making them even more unstable and untrustworthy (BTC price going up & down + even more volatility of alt cryptos).

d) to make adopters "burn"

e) to shake off even "stronger" hands through planned events and news stories that escalate the attack to unbearable levels. Those who laugh at weak hands, there will come a day that your faith (even as an "expert trader" / investor / bag holder for years) will be tested and some of you will fold saying "ok, I need to bail" - unless you are already sitting upon a mountain of fiat + have a few thousands BTCs laying around. This is already planned and plotted as a gradual escalation and it's only a matter of time of how and when this will play out.

f) to eventually defame cryptocurrencies and then offer their own "solution" to the "problem", which will be centralized and "regulated", government issued / globally issued (by an association of nations), electronic currency.

* This process has been used in other markets as well, for example oil. Imagine the elite in a conference room with 10 "buttons" in their hand. One button is titled "refinery explosion". Another button is titled "rebels set oil rigs on fire in X third world country". Another is called "announcement of strategic reserves that fell/rose etc". Another is called "OPEC decision to lower/higher production". By pressing the appropriate "button" they activate the corresponding "scenario" which triggers the appropriate event and news story. In this way they make the market. They have already "played" the market before hand and when everyone else reacts to the news, it's already too late.

Essentially the news stories are just an excuse through which the game is played. Financial "analysts" and financial "reporters" try to associate a news story with what happened on the market and "explain" the recent market moves. For example, "oh yes the oil refinery exploded so the price of oil went up". Sounds convincing for most people... Few will THINK and say "ok, how the hell did a refinery explosion, which does NOT affect crude production in any way, can actually have any impact on price of crude?"... or "how the hell did rebel action in X third war country affect oil price so drastically when they are contributing a meager few thousand barrels per day?".

Oil is just an example. The same is done for energy (see the documentary of Enron where they created crises to pump price - but imagine this happening not on a lower-corporate level, but on the highest level of the plutocrats / oligarchs of this planet). The same is also done for gold. Take for example the news story of Cyprus selling their gold in 2013 - just 15 tons or so (which is the mining supply of two days with global mining output averaging 2500-3000 tons per year) that send gold crashing. And they didn't even sell it to begin with. Note that when the gold price was going down the actual metal (and not paper contracts) was hard to acquire physically in three quarters of the planet due to extreme shortages. The low price sent people to the stores to buy more gold and everyone run out of gold bars/coins etc, yet, "somehow", the price was ...crashing.

The same pattern of manipulation is hitting the BTC market for a few months, and it is not by the BTC-market players but from "high above". Only in methods is it different so the "buttons" that activate scenarios => events => news, that will sent BTC crashing are different than say gold or oil. The purpose of this manipulation is also different but the end-goal is always the same: Maintaining full financial dominance over the affairs of the planet and leaving no loose ends unmanaged (like BTC).

Well, even not in bitcoin. The event happens usually in stock markets. One message can raise good, or crash good.

I was interviewed, I stated market manipulation is one of major problem especially in bitcoin's exchanges as the Manipulation is a two-fold tool.  Can bring good such as bitpay with bitstamp, or Bring bad such as mtgox you mentioned.

Who wins this? Normally bankers.



 

In Sweden I think some guy went to court and had his tax debt cleared since he stated that all his income from the years he had been taxed for had been from illegal activities (Had several jail sentences to prove it) Since the state was not allowed to profit from illegal activities or something he won iirc.

This is not true in the US.  May seem strange to believe but taxes are due on all income even illegal sources.  Paying taxes on illegal sources doesn't somehow make it exempt.  In the US and many other countries the word legal or illegal isn't even mentioned in reference to taxes.  Taxes are due on income.  The IRS makes no qualifier beyond that.

Probably the most famous case (but certainly not the only one):
http://en.wikipedia.org/wiki/Al_Capone#Conviction_and_imprisonment

The gold market is particularly rigged and impenetrable

Bitcoin's market is young, volatile and kind of complex

I posted a long time ago about this.

"they" being your NWO du jour - the fed, the ecb, the rothschild family(!) etc


That's why I am in it for the long haul, because it likely is the new money, and "they" are trying to ensure you have as little as possible of it.

I think gathering coins is playing out now and that is just a sideshow. I think gathering hash power won't become apparent for some time.

Course this is all just a "conspiracy theory"...

You can't prevent manipulation in any trading-market.
Mostly some big wales cheat the value of any crypto. Sadly speaking, they got the power to determinate the price buy selling and buying.
I hate this, too. Nevertheless preventing seems to me quite impossible.

There will always be some sort of manipulation in any trading market. It's just the way it is. Especially when there's greed involved?  People will always try to find an edge.

Wow! does any body even read this all. Yes manipulation is there. But not liked its rigged. You can't control it,  its your choice. If you want to go in these water its your choice, if you don't want its your choice. As simple as that.

I love that panic-sellers.

After every BTC-crash - you can make much money while the currency is rising again!

So don't let infect with the panic-seller-virus  

P.S: Invest in Nextgen-Coins! This IS the future!

For example wait and see what happens when NEM is completely developed  

I completely agree with the OP, lots of Bitcoin market manipulating going on

Sounds like someone panic sold. HODL next time.