So let me get this straight: >JANUARY 30th news roll out that major part of btc growth might have been supplied by fake money, and if not, that asset is used for avoiding regulations >investigation starts >selloff of this overvalued asset continues >dip to 6k
Now the only thing that has happened since is that Tether has failed to audit, USA has said they are investigating some tokens and tgat ICOs are basically illegal and banks have started to refuse deposits. Only positive news are that netwoek fees are down because the usage of btc is at rock bottom and segwit has... 30% adoption.
Yet we sit at exactly the same value as one month ago. You have bought it up all the way from 6k. But that growth has not been very natural. Let me explain what has been done: >be a whale >price is stagnant and about to drop >set a 100 btc sell wall above the price >buy it down yourself >normies rush in with their market buy orders, price is pumped with the price of the exchange fee >repeat
So here we sit at 11.5k. What happened here? There was huge shill for breakout, the start of bullrun. This is the most important moment for btc 2018. Yet for some reason huge sell walls kept appearing. Price was pumped up every time it was about to drop. It's going to break out, they said. Fifty thousand btc has been sold on bitfinex = 575 millon at roughly 11.5k fueled by the normies high hopes for breakout. So what happened? Absolutely fucking nothing. We went above the past high, only to let normies buy every single string of random numbers that's left at 11.5k per piece. And now the buy volume is drying up. Slowly bleeding down. There are still 1-2 btc buy orders, people expecting the whales to come "once they find a good entry". But the fact is: whales are either shorting it or they bought at 6k and they probably just cashed out. No major new money has come in after the past highs. No major new money will come in before we successfully adopt lightning and have clear status on tether... And
Andrew Edwards
And most fundamentally - no major new money will come in before we have actual services like steam adopting btc payments on a large scale.
Jayden Jones
kys 6k seller.
William Morris
OP sold at 6k.
Brody Russell
Pretty much BTC is never going to stop going up so no matter how much boomers pout and cry they will die and be forgotten and laughed at for decades
Parker Hall
Spot on analysis op. Selling at 7k was a shrewd move!
Aaron Campbell
btc's days as a currency and adoption is over. speculation about it going to moon are based on it being marketed as a cryptoasset, not a currency
Ryan Brooks
hope you're wrong. but youre right though. somebody has to buy resistance. IF 11.8 comes, i think fomo volume will come.
John Gutierrez
kys 19k buyer
Cameron Morales
>whale >100btc
stopped reading right there
Michael Kelly
Yes it true! Dont but bitcoin sirs! Small altcoin have MUCH bigges profits for you sirs! Stays away from bitcoin its a BIG scam!!!!
Brody Garcia
Youre a fucking newfag. They put out 100 btc orders one after another because nobody would buy it if they saw they are going to sell 50k btc at these levels.
I was lucky to buy at 6k levels and long till 10.4, short from 10.6 (almost liquidated lol) to 9.4, and long till 10.6.
To pass 15k we need the actual adoption back and no uncertainty about tethering. Till then its just normie lunch money coming in.
Kayden Bell
I think bulls have already bought it. They had a "change to buy the dip" at 11200.
There are 1400 btc worth of sell walls till 11600. God knows whats hidden. Not gonna happen.
Xavier Cooper
IThe state of biz kiddies
Jayden Watson
Bump
Camden Jenkins
Most of the walls on finex are fake, most of the volume is fake, they will pump it and try to make people fomo for as long as they can, and then they will crash it
Brandon Kelly
>Now the only thing that has happened since is that Tether has failed to audit, USA has said they are investigating some tokens and tgat ICOs are basically illegal and banks have started to refuse deposits. Only positive news are that netwoek fees are down because the usage of btc is at rock bottom and segwit has... 30% adoption.
oh yeah no good news at all in the last three weeks for crypto. The SEC, Russia, Europe etc..
bottom sellers are so fucking pathetic
Jack Morales
Its not a currency anymore, how much people want to say that it is and was intended as it, it just isn't. Its been gold 2.0 since 100$ atleast, plenty of sober advocates for Bitcoin don't claim it to be a P2P cash system, they actually publicly say that its stupid to spend your BTC.
You don't think the bullrun to 1k was manipulated as China started massively buying up and crashed more than 80% after that?
This whole market is manipulated, live with it. Your Bulls and Bears are all manipulators, just move with the money. Bitching about how its all fake and a sham isn't gonna do anything.
Aiden Ross
>good news >The SEC, Russia, Europe etc..
The SEC was careful in what they say, but they fucking directly said ICOs are frauds because they are not following the private placement rules. They also talked about BTC being used for criminal activities. They did not mention tether specifically, but it's obvious it is possibly the biggest fraud and they are investigating it.
Europe is going to introduce regulation of exchanges, which sounds maybe good to some extent, but basically it means giving out full tax information which will drastically drop BTC demand.
Michael Richardson
how big is your short?
Angel Martinez
how short is your dick?
Jack Thomas
>fake money
Anthony Hill
>we need to grow exponentially or BTC is dead!!
and then when BTC is growing exponentially
>Wow BTC is growing way to fast this shit is unsustainable this bubble is going to pop any second
you're actually a retarded faggot and you should definitely kys yourself
Aaron Ortiz
Cope harder loser. You mad faggot ?
Thomas Collins
5x and 50x
Luis White
> muh tether > muh USA is banning crypto > muh whales Kys