OT : Jim Cramer slipping up and showing his hand again, showing us the underlying corruption that is Wall Street:
https://www.cnbc.com/2018/10/04/cramer-reveals-the-10-telltale-signs-that-could-prolong-the-sell-off.html"There's a very common trajectory when the market's going down. First, the analysts will try to keep recommending stocks and they're going to be completely ignored," the "Mad Money" host said.
"When they raise their price targets or even upgrade from 'hold' to 'buy' and no one listens, they're going to switch directions and they're going to start downgrading," he continued. "When those downgrades stop sending stocks lower, then you'll know a bottom is at hand. But we're not there yet."
Oh, so what you're saying Jim is that the analysts upgrade from 'hold' to 'buy' merely to get Average Joes to be the final bagholders on the way down? (Not because the stock is actually undervalued?)
And when that corrupt tactic doesn't work, then they reverse to 'sell' to cover their asses (and start shorting)?
Un-fucking-believable.
Can't believe that he can even say this with a straight face.
Wallstreet and MSM works hand in hand, ETH was hugely bought by hedge fund guys in order to increase their BTC stash since they had missed the opportunity to buy it in the early days. It's actually the sole reason of existence of ETH. It only exists because the funders and the backers didnt have as much BTC as they wish they had.
So what do you do when you have 10s of millions of USD invested in eth at 1$ ish? You have to hype it a lot in order to create demand and unload your supply. I really think the whole purpose of newspaper these days is that : create demand.
Now you've unload your stash at the top of the bubble, and you want to load up again for next cycle? You need to create offer so the persons you sold to give up and sell
Thats the whole game.
Prepare yourself in the next few months for new articles about the death of bitcoin and know these are paid articles sponsored by whales so they can create offer and load up!
EDIT: and thats also the reason why we havent seen bottom yet. All these analysts and billionaire investors are still pretending to be bullish to lure the public away. They want them to buy the 6K zone now. This zone is gonna be a huge resistance in the coming years.
EDIT2: BCH right now is in a funny situation. Most of the supply is owned by Bitmain and its partners. They tried to pull a similar game than ETH. But they got rekt because bear market. They control bitcoin.com so it can help them eventually to unload to noobs, but they have to survive the coming years first, hence their IPO
