Topic: The war on Bitcoin, How and Why? What you need to know! (Read 329 times)
I really feel pathetic about the OP post because when I am seeing the price chart now. It seems worthless to debate about this topic. However bitcoin bullish dump recovered back today and you can enjoy and utilize the time hold again. Don't sell any of your bitcoins.
Oh yes. Whatever, gringo.
I am wondering why there is a huge impact to the price when China decides to regulate their money. Maybe because when bitcoin has reached the $2000 mark, the mainstream crackheads became interested in bitcoin and they are the ones who are selling in panic right now.
I am wondering why there is a huge impact to the price when China decides to regulate their money. Maybe because when bitcoin has reached the $2000 mark, the mainstream crackheads became interested in bitcoin and they are the ones who are selling in panic right now.
Quote
War?
Are you crazy?
Bitcoin has unified the world under the largest global public blockchain asset.
This fact is indisputable.
BTC is the most valuable public blockchain and can be utilized wherever the internet lives.
Bitcoin is not being attacked, it is being celebrated. These "attacks" are against the exchanges not the bitcoin itself.
Are you crazy?
Bitcoin has unified the world under the largest global public blockchain asset.
This fact is indisputable.
BTC is the most valuable public blockchain and can be utilized wherever the internet lives.
Bitcoin is not being attacked, it is being celebrated. These "attacks" are against the exchanges not the bitcoin itself.
It is an obvious attack against Bitcoin, using the exchanges as a gateway for the attack. They control the fiat money supply and the gateways (fiat to crypto exchanges) and this is how they attack, trying to discourage holders while also launching fake claims such as "bitcoin is a fraud" to mentally manipulate the newbies and generally clueless people about how bitcoin is an open source project which by definition cannot be a fraud (unlike the closed source banking system, which is the actual fraud).
So another new crash right. Right after all kinds of 'bad news' along with more 'bad news' for the future. That's great and all but is anybody getting Deja-vu yet. Can anybody see the real pattern of attack?...If you answered No then let me ask you, do you remember the 'good news' during bitcoins upturn?
Listing the reasoning behind these massive shifts in the market as well the different roles people are playing.
0. Who is who
--Government
--Shadow Government. A group of super wealthy people who rule though control of money and resources. Not getting all crazy on conspiracy theories but it has been established that these people exist.
--Investors. Experienced group of investors or single investors with larger amounts of money.
--Small fish investors. Your everyday guys trying to turn $200 into a yacht, some new some more experienced.
1. Reasons why bitcoin is being attacked:
--People are not paying taxes on purchases and capital gains. If exchanges are not keeping record of transactions the government can't prosecute tax evasion. Remember, money is what the government and shadow government cares about most.
--Bitcoin and block chain technology is a threat to both the government and shadow government. They view it as a commodity, but at the same time they know it functions as a currency. Because of this it can function as a working valid monetary system for any group of people. It can also serve a free market which is either unregulated or regulated by the community (DASH). Well, this makes it hard for the government to collect taxes as well as makes it hard for the shadow government to keep you in a state where you can be manipulated at any time.
2. How bitcoin is being attacked.
--Most used attack on anything dissident, defamation. It's a fraud, lie, crazy, delusional. Classic form of social attack using your social status and position of trust to persuade the masses. Not everyone uses it for the darkside.
--Parallel Construction. A story to go along with the crash in order to give the illusion substance. This allows for increased momentum in the market by creating situations like panic sales. In the case of one Ethereum crash, the story actually released a few hours after the crash had occurred about the developers supposed death.
--Pump and Dump. When all else fails and it would cost way to much money to keep the market capped at a certain level.
What the shadow gov and government are actually doing here is helping to bubble the price and then attempting to create a large crash in order to dissolve interest in the market. You may have even recently received many 'recommendations' or 'messages' to post your stop orders at $2900. This is so if they can break the $3000 support they can trigger a lot of momentum.
3. How to defend against this.
--Investors who really care about bitcoin should post support at the proper levels in to keep the market from going stagnant or becoming controlled. Not only that but be ready to defend against a price manipulation attack. For example, if you see them tear down a 2 million dollar buy wall to drop the price, jump in and continue supporting. This creates a situation where they have to spend more to in order to drop the market because you created an upturn.
--Education for new investors. Don't just let your buddy spend $200 on a quick balloon ride to hell. Then he has to wait in line or a month to get a refund. Be patient and board the balloon at the bottom. Don't be fooled into panic selling, if you want to trade all the time you need to divide your investment in order to be able to invest at every level. Don't just put a $100 on a $100, put $10 at each $10 increments from $0 to $100. The reward isn't as big but you always have a positive trade going if you can open new positions all the way to the bottom.
--Pay your taxes to keep the government happy and keep things growing.
Conclusion. Currencies like Bitcoin and DASH are very stable to price manipulation attacks if you don't get psyched out . This because of the cap on the amount of coins that can be minted. As long as any growth continues, the price goes up. Compare this to most fiats, where a central banking system can essentially print out more new money for any reason at any time. This devalues the entire currency and is referred to as debt. I see it as a personal line of credit of any amount without a credit check. All that being said don't get caught up in the saga that is Bitcoin. It is just like any other stock or currency on a basic level. Its a great investment if made correctly and a horrible one if not made correctly.
Listing the reasoning behind these massive shifts in the market as well the different roles people are playing.
0. Who is who
--Government
--Shadow Government. A group of super wealthy people who rule though control of money and resources. Not getting all crazy on conspiracy theories but it has been established that these people exist.
--Investors. Experienced group of investors or single investors with larger amounts of money.
--Small fish investors. Your everyday guys trying to turn $200 into a yacht, some new some more experienced.
1. Reasons why bitcoin is being attacked:
--People are not paying taxes on purchases and capital gains. If exchanges are not keeping record of transactions the government can't prosecute tax evasion. Remember, money is what the government and shadow government cares about most.
--Bitcoin and block chain technology is a threat to both the government and shadow government. They view it as a commodity, but at the same time they know it functions as a currency. Because of this it can function as a working valid monetary system for any group of people. It can also serve a free market which is either unregulated or regulated by the community (DASH). Well, this makes it hard for the government to collect taxes as well as makes it hard for the shadow government to keep you in a state where you can be manipulated at any time.
2. How bitcoin is being attacked.
--Most used attack on anything dissident, defamation. It's a fraud, lie, crazy, delusional. Classic form of social attack using your social status and position of trust to persuade the masses. Not everyone uses it for the darkside.
--Parallel Construction. A story to go along with the crash in order to give the illusion substance. This allows for increased momentum in the market by creating situations like panic sales. In the case of one Ethereum crash, the story actually released a few hours after the crash had occurred about the developers supposed death.
--Pump and Dump. When all else fails and it would cost way to much money to keep the market capped at a certain level.
What the shadow gov and government are actually doing here is helping to bubble the price and then attempting to create a large crash in order to dissolve interest in the market. You may have even recently received many 'recommendations' or 'messages' to post your stop orders at $2900. This is so if they can break the $3000 support they can trigger a lot of momentum.
3. How to defend against this.
--Investors who really care about bitcoin should post support at the proper levels in to keep the market from going stagnant or becoming controlled. Not only that but be ready to defend against a price manipulation attack. For example, if you see them tear down a 2 million dollar buy wall to drop the price, jump in and continue supporting. This creates a situation where they have to spend more to in order to drop the market because you created an upturn.
--Education for new investors. Don't just let your buddy spend $200 on a quick balloon ride to hell. Then he has to wait in line or a month to get a refund. Be patient and board the balloon at the bottom. Don't be fooled into panic selling, if you want to trade all the time you need to divide your investment in order to be able to invest at every level. Don't just put a $100 on a $100, put $10 at each $10 increments from $0 to $100. The reward isn't as big but you always have a positive trade going if you can open new positions all the way to the bottom.
--Pay your taxes to keep the government happy and keep things growing.
Conclusion. Currencies like Bitcoin and DASH are very stable to price manipulation attacks if you don't get psyched out . This because of the cap on the amount of coins that can be minted. As long as any growth continues, the price goes up. Compare this to most fiats, where a central banking system can essentially print out more new money for any reason at any time. This devalues the entire currency and is referred to as debt. I see it as a personal line of credit of any amount without a credit check. All that being said don't get caught up in the saga that is Bitcoin. It is just like any other stock or currency on a basic level. Its a great investment if made correctly and a horrible one if not made correctly.
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