Jul 14 2025, 06:31 PM
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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QUOTE((lurkingaround @ May 19 2021, 03:20 PM)
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My theory is that this has been a pump-and-dump scheme manipulated by CCP China's state-backed bitcoin-miners and ransomware hackers, ie to dump their hoard of thousands of bitcoins at high prices(= US$60k per BTC, from US$10k in Aug 2020) in Feb-Apr 2021 to greedy and gullible retail investors. After being dumped, the Coiner-girlfriends become depressed = bitcoin prices dip/slide.
....... The high prices of bitcoin can only be sustained if there are many willing Retail buyers believing in the hype that the 1BTC = US$60k prices will rocket to the Moon to US$100k or higher.
So, bitcoin prices should settle to around US$20k- 30k in the coming months before the next same pump-and-dump scheme next year or next-next year, eg 1BTC pumped from US$30k to US$200k. Note that the previous pump-and-dump scheme was in Dec 2017 = about 3 years ago, ie 1BTC pumped from US$3k to US$20k.
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When gambling/speculating is involved, lottery companies make profits by playing on people's greed and insurance companies make profits by playing on people's fears - many losers pay for the very few winners. Similarly for the profit-making BIG Whale/Shark market manipulators, ie many losers and very few winners among the Retail investors during a manipulated market crash after their pump-and-dump scheme.
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.My theory is that this has been a pump-and-dump scheme manipulated by CCP China's state-backed bitcoin-miners and ransomware hackers, ie to dump their hoard of thousands of bitcoins at high prices(= US$60k per BTC, from US$10k in Aug 2020) in Feb-Apr 2021 to greedy and gullible retail investors. After being dumped, the Coiner-girlfriends become depressed = bitcoin prices dip/slide.
....... The high prices of bitcoin can only be sustained if there are many willing Retail buyers believing in the hype that the 1BTC = US$60k prices will rocket to the Moon to US$100k or higher.
So, bitcoin prices should settle to around US$20k- 30k in the coming months before the next same pump-and-dump scheme next year or next-next year, eg 1BTC pumped from US$30k to US$200k. Note that the previous pump-and-dump scheme was in Dec 2017 = about 3 years ago, ie 1BTC pumped from US$3k to US$20k.
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When gambling/speculating is involved, lottery companies make profits by playing on people's greed and insurance companies make profits by playing on people's fears - many losers pay for the very few winners. Similarly for the profit-making BIG Whale/Shark market manipulators, ie many losers and very few winners among the Retail investors during a manipulated market crash after their pump-and-dump scheme.
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My reposts fyi, ie my theory about Bitcoin being pump-and-dump'ed by BIG Shark manipulators once every 3 years or so, looks quite true.
- bitcoin price in US$ today and historically .
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