In December the price of Bitcoin was near
$20,000. Today, the price hovers around
$6,500.
Which is the real value? Do you think the market is telling us the Truth?
We must understand that the launch of the CME's Bitcoin futures contracts and subsequent rise and fall of Bitcoin was not a coincidence.
The implementation of futures contracts on gold and silver have had similar effects. One needs to only wonder why was the launch of gold futures contracts was implemented at the same time the Gold Reserve Act was completely repealed. Americans were allowed to own gold again on January 1, 1975. Comex gold futures launched in December of 1974.
https://www.sunshineprofits.com/gold-silver/dictionary/comex-gold/*Also, a Wikileaks document shows direct intent to suppress the price of gold:
https://wikileaks.org/plusd/cables/1974LONDON16154_b.htmlI would beg any who are interested or invested in cryptocurrency to please do more research on the topic of price manipulation - you should come to the realization that the price in fiat of these assets does not matter, simply because it is inaccurate.
If you understand the banking system in the U.S. and understand that Gold, Silver and Bitcoin have true, intrinsic and persisting value you will understand the motive and that without question these assets are manipulated.
What is the true price of Bitcoin? $20,000? $6,500? I do not know.
What I do know is that it is worth more than the intrinsically worthless U.S. dollar we force ourselves to use on a daily basis, so I will be buying as much as I can while the price is this low.
I believe the price of a Bitcoin is much higher than $20,000 - but we may be in for a long while of manipulation before we see it again.
The best we can do is to buy as much as we can to make it as difficult as possible for the price to be suppressed. Once they lose control.....to quote all the Redditors and memes - "Then Moon."
The true value of bitcoin ? Im afraid that i won't be able to define it. Bitcoin price has been built by the buyers and holders since 2009.
So, the the real value will depends on the market condition. If there are many peoples buy bitcoin, then it will keep rising because most peoples after buy it, don't want to sell it lower.
