Topic: The Great Awakening (Read 291 times)

Bitcoin is a heavily traded asset. In fact, not just one of the commonly traded assets. It is being traded all over the world 24 hours a day, 7 days a week. It doesn't sleep. While the stock exchanges are closing several hours a day, Bitcoin is open every single minute of the day. Do you think that such an asset will not be taken advantage by the ultra rich?

But we are only talking about the price here. Would you care to go beyond it and take a closer and detailed look at its technology? Why is it being heavily traded globally in the first place? Why are the world's wealthy people and institutions are getting into it? Why is it continuously rising despite being heavily attacked by the banks and the governments?

buddy, I respect your freedom of speech though we are not on the same page...it's not a awakening, you are being critical and even cynical. learn more about cryprocurrencies. money comes with risk, if you can't bear it, just leave. no scam there, you learn, judge then you earn money. very simple

Who are the "social influencers"?Can you mention a few?Are you talking about Ellon Musk,Jack Dorsey and Michael Saylor?
Yep,the crypto markets are pretty much pump and dump,but does that make them a scam?
What's your definition of scam?Were you scammed by someone?
So the crypto markets are facing a price crash and you think that this is a scam?Can you prove it in court?
A scam usually consists a fake promise.Did someone promised you that the cryptocurrency prices will increase forever,without any price crash,therefore bringing you huge and easy profits? If yes,then somebody lied to you.

Funny you might ask these evangelicals (who're likely not here to read this actually) about "social influencers" when to me they've kind of always been the same thing. I mean, these are all self-professed titles.

The actual developers, coders, users, educators? They're too busy doing all those things, no time to look for self-validating titles.

P.S. 44k healthy for me? I'm ready for 20k again, bring it on;)

You can maybe call it "The Great Awakening" but in my own idea we were already on a healthy and normal correction situation. Since the price didn't beak the key support level, you don't need to be worry about the price falling into 43K - 44K. However, It seems like the correction over and will be over soon and we can see the price in a better situation soon.

Bitcoin was created for the people, thus I see it as a normal thing that awareness should be spread initially by word-of-mouth, believers, influencers, social media, etc. This phase proved successful so we are now in a moment where big-pocket capitalists & investors are promoting Bitcoin (Pomp, Saylor, Kiyosaki, Miami mayor, etc.). I see nothing wrong with this, if anything I see it as a healthy growth much needed for adoption.

And I must admit that it is a fact that we can't deny of. Those companies, big exchanges and even whales that has huge amount of bitcoins will definitely influence the market's bitcoin price. And I have noticed that they can manipulate the price whenever they move their bitcoins. Actually, pump and dump existed long time and bitcoin wasn't an exemption.

And that 100k price at the end of this year will probably gonna reach if it wont go down at $20k level.

How does 2018 look like childs play though? All we see is BTC coming down to 40k from 58k which really is just 45% drop. We've all seen worse haven't we? Remember even March last year? That was 70% drop!

44k is healthy, but so is 30k too. Pump I always admit, dump?

for me my 'bottomline support wall of resistance' evaluation is at $21k still
this is based on the well known strategies of supply demand. cost vs price

if you can mine gold for down to $1 an ounce using a spoon and a coffee filter in your back yard
no one apart from the extremely lazy would buy it for extreme prices of 10x the cost.
those mining it would happily sell for $2 or above. but would not dare sell it for $1 or less

so the mining cost of the most economic miners is the bottomline value(a). no one would dare breach below

then the next layer is the community efficiency layer(b) if cheapest area can mine for $1 and other areas can only mine for $3-$6 if the price breached below their $3-$6 cost. they would stop wasting their costs of mining and instead just buy it because its cheaper to buy than to mine

the final layer is the price above that. its just pure speculative bubble(c) that is volatile depending on emotion/mood speculation

bitcoin has:
(a) $21k
(b) $22k-$41k
(c) $42k-price now

yes there is a support at ~$41(b) but thats not a 100% wall of resistance. (a) is the ultimate wall of resistance

so dont get too comfy with the price in the $40-50k range. that $41k support is not solid.
if the efficient miners of (a) want to sell out their hoard in one go.. down to their break even of $21k. they can

The trend of this crypto currency are like that of stocks.  sometimes the value rises and the same goes down...  i believe, it is the timing of when to buy and sell that you really get benefit on it... for now, the value is on the rise again...

Ok, let's place some bets on this guy....

Option 1 - OP has missed the boat and he is butthurt because he did not buy bitcoins before it exploded

Option 2 - OP owned some coins but sold too early, because he was too trigger happy and greedy.

Option 3 - OP never owned bitcoins, because he bought Gold or Silver or shares and feels the need to cry here.

Option 4 - OP is just a chicken shit Troll who points fingers and make up conspiracy theories.

Option 5 - OP is a Bank shill or some Alt coin owner. (competition)

You decide.... because these people are crawling out of the wood work now... I think a Bitcoin Boom scared the living sh$#%t out of them. 

Absolutely yes. It OP was among the individual who doesn't understand or choose to neglected the fact about Bitcoin and the whole cryptocurrency market altogether.
1) It a speculative market
2)  It volatile in individuality
3) The trading/buy/sell order of each crypto exchange can't be the same since it a decentralization market which it price is determined by the level of market demand and supply.
People that understand or accept this fact won't consider Bitcoin to be pump and dump scam (which it totally not).

FUDS sheesh.

Were you expecting bitcoin price to keep rising to infinity?!
Ofcourse, exchanges and social influencers can have a great impact on the crypto market but this applies to almost all other markets too.
It's still too early to compare it to what happened in 2018 when the price fell from ~$20k to ~$3k. This is a corrective move and you should take advantage of it by buying more bitcoins.

I cant believe a lot of people are already panicking and selling everything and not believing in bitcoin just because it falls down to 44k$.

100k$ is obviously possible, check the bitcoin market chart and check the pump in the past months reaching the 100k$ is not going to be easy were going to need a lot of people in bitcoin in order to reach that 100k$.

To do that the market needs to be dump so people can buy it at a much lower market price, and we are still up in the past month, the growth this time is so fast remembered last year we were just at 10k$ market price.

This must be a new thing for you if you think that this correction is something out of ordinary and unexpected. Pretty much everyone expected it to happen even sooner.

Every time the same story; bitcoin dips a little bit and suddenly we have doom&gloom people going on about pump and dump scheme, how bitcoin is dead etc. Thing is, after this correction, bitcoin will most likely go for a new all time high and you will crawl back under the bridge until yet another correction.

This one sums it up

Erm Microstrategy's 90,000+ Bitcoin didnt move for example. Actually their most recent
acquisition of 19,452BTC were not liquidated into failing FIAT.

Nothing looks like child plays here, the market has just began it downgrading and everyone of us is aware of this fact, so, what exactly do you think we should say concerning this obvious facts about bitcoin market falling?. The $44k support level we all envisage some past weeks has been a nightmare for us both, so, bitcoin is going down.

It's still up more than 4x since 2020. Even if it does drop at one point, it's still gonna be hard to go back to $10k and under again.

I do agree that some celebrities had a role in the latest pump, but while in the short term the price will probably be negatively affected, over the short term they bring in new waves of users. Bitcoin has proven all the skeptics wrong over time, and I suppose it will continue to. Bookmark this and check the price again within 5 years, because it's likely gonna be quite high..

Please see below thread proving and confirming BTC is going down hard.  Facts are facts.  Confidential sources in China and Russia make this definitive.  It's just maths and science.

https://bitcointalksearch.org/topic/bitcoin-i-salute-your-final-ath-5320738

The new money that came in was taken out BEFORE the dump.

LOL. Probably. However there is a dose of truth in there. Both exchanges and crypto evangelists did a lot to bring much needed new money in, and since it works they keep doing whatever they think that works.

Butthurt much?

As the world watches Bitcoin and ALL other coins crash in 2021, which is now making 2018 look like child's play, well past the much written about support level of 44K which is "healthy" leading to a 100K coin by the end of the year, how many of you cryptocurrency evangelicals are ready to now admit that the entirety of cryptocurrency is one big pump and dump scam heralded by the exchanges and "social influencers" ?