QUOTE(lurkingaround @ Mar 8 2021, 01:43 PM)
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Yes, but likely not so soon la, ie 1 BTC = US$68k-70k by end of this week likely will not happen.
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My "diagnosis" is that the next Pump/Wave towards >US$80k by the BIG Shark market manipulators should likely be in the next year or 2. OTOH, they may next orchestrate a BIG Market Crash = 1BTC crashes to around US$5k. Only "God" knows what is their next move.
In the recent Pump/Wave to the peak price of US$58.3 at mid-Feb 2021, the BIG Sharks have already made huge profits by selling their hoard of hundreds of BTC bought at <US$10k each in Sep 2020 or earlier, at prices of >US$50k per BTC(= 1 satoshi = US$0.0005), to many gullible Retail investors or suckers.
The previous Pump/Wave of Bitcoin prices from US$3k to US$19.3k was in Dec 2017 = a gap of about 3 years to the most recent Pump/Wave in Feb 2021. Why 3 years.? = because if the Pump-and-Dump scam happens every 3 months, most gullible Retail investors or suckers would remember, become not gullible anymore and run way with fear after being "Dumped".
Remember, the BIG Sharks have to instill faith in their prey = small fry gullible Retail investors. Fear can be the opposite of faith.
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.Yes, but likely not so soon la, ie 1 BTC = US$68k-70k by end of this week likely will not happen.
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My "diagnosis" is that the next Pump/Wave towards >US$80k by the BIG Shark market manipulators should likely be in the next year or 2. OTOH, they may next orchestrate a BIG Market Crash = 1BTC crashes to around US$5k. Only "God" knows what is their next move.
In the recent Pump/Wave to the peak price of US$58.3 at mid-Feb 2021, the BIG Sharks have already made huge profits by selling their hoard of hundreds of BTC bought at <US$10k each in Sep 2020 or earlier, at prices of >US$50k per BTC(= 1 satoshi = US$0.0005), to many gullible Retail investors or suckers.
The previous Pump/Wave of Bitcoin prices from US$3k to US$19.3k was in Dec 2017 = a gap of about 3 years to the most recent Pump/Wave in Feb 2021. Why 3 years.? = because if the Pump-and-Dump scam happens every 3 months, most gullible Retail investors or suckers would remember, become not gullible anymore and run way with fear after being "Dumped".
Remember, the BIG Sharks have to instill faith in their prey = small fry gullible Retail investors. Fear can be the opposite of faith.
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1) Who are your so called Big sharks that bought BTC at less than $10k. AFAIK, its not the big banks, not any billionaire, no institutional investors, no hedge funds, etc. So really, who ARE THE BIG SHARKS YOU KEEP TALKING ABOUT? How much BTC do they hold as per your estimate? Please provide proof.
2) $51k to $5k, do you know how much BTC you need to dump to orchestrate that move?
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Mar 9 2021, 05:45 AM

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