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5860615 No.5860615 [Reply] [Original]

I have been thinking for a while that something seems suspicious about the way the market has been moving lately. Isn't it strange how most of the coins pumping are all "cheap" as in they are less than $10 per coin? Isn’t it strange how the crypto market cap grew by $58 billion today, but Bitcoin’s market cap did not change at all? Then I had a realization. What if everyone is being played by a greater power. If you don’t like conspiracy theories stop reading now.
Everyone has been justifying the altcoin surges as Bitcoin taking a rest and dumb money chasing “cheap coins”, but what if it is actually institutional investors using alt coins in order to accumulate Bitcoin. It makes a lot of sense. If you look at the dates the surges started
XRP - December 8
XLM - November 27
IOTA - November 6
ADA - November 27
XEM - December 8
The futures trading press release went out on December 1, but what if some people knew that it would be approved ahead of time? If you are an investor with deep pockets you have a problem. You want to be able to bet on Bitcoin’s future price, but you don’t own enough Bitcoin to be able to manipulate the market (it is much easier to gamble when you control the outcome). You need a way to accumulate. Articles start to hit the press about how a small group of whales control a huge amount of the supply of Bitcoin and that makes it dangerous, etc. Big players are trying to convince people that Bitcoin is not a safe investment. Lots of bubble talk spreads. Jim Cramer says you are better off going to Vegas than buying Bitcoin. It doesn‘t scare the public away.

>> No.5860635

These investors are usually the ones who get first stab at new assets. They get to invest early in companies, they get first stab at IPO shares when a company goes public, but with Bitcoin they are late to the party. How are they going to accumulate? They aren’t stupid. They realize that driving the price of Bitcoin down too much to buy cheaper will scare people away from the market, and there is a limited amount of downside (it can only go as low as $0), but there is an infinite amount of upside. They also don’t own enough Bitcoin to crash the market that far. So what do they do?
The answer is: find alt coins that are “cheap”. They know that if someone has to choose between a $15,000 dollar coin and a $1 coin they will choose the $1 coin every time. It is a psychological thing. Everyone just looks at the price and believes that $1 coin can also go to $15,000 one day. So if institutional money starts to buy up huge amounts of these “cheap coins” and gets the general public on board, they can then accumulate huge amounts of Bitcoin without the Bitcoin price changing at all because alt coins trade against Bitcoin! If you want to quadruple the amount of Bitcoin you have, it is much easier to pump up a smaller coin and sell it, than it is to drive down the Bitcoin price 4x to accumulate more for the same amount of USD.

>> No.5860694

Take a look at some of the headlines lately. I suspect the press releases are also coordinated:
RIPPLE to become the new BITCOIN? Surge in new cryptocurrency as banks FAVOUR it
Bitcoin latest: Ripple’s XRP is best-performing cryptocurrency with 380-fold increase in 2017
Bitcoin price WARNING: The cryptocurrency will burn out in SPECTACULAR CRASH
Bitcoin is Akin to Gambling, Causing Egypt to Ban It
In addition to these alt coin surges, every time Bitcoin looks like it is going to break out a new sell wall appears and some market selling into the buys begins to drive the price back down. To me this is a very well executed effort to hold down Bitcoin’s price while accumulating more by pumping alts. I noticed earlier today a $1 million buy wall on XLM that was moving up as the price increased. Is that how a normal person would buy up XLM? It is possible, but I doubt it.
I know it seems wild, but if this theory is correct then it means at some point there will be a pretty fantastic dump with alt coins and a giant surge for Bitcoin.

>> No.5860698

/pol/ image

Post disregarded sage

>> No.5860793

>>5860698
kys

>> No.5861019

OP dropping so many truth bombs he's about to be arrested for war crimes.

>> No.5861549

>>5860615
You're an idiot bitcoin is dead

How could it ever even really surge in price when tx times are 5 hours

>> No.5861678

RIP anon

>> No.5861723

>>5861549
> How could it ever even really surge in price when tx times are 5 hours
Let me paste from another thread:

This is a leaked email from the Blockstream CEO, who rules BTC development. tl;dr BTC was deliberately sabotaged to prevent it from scaling so they could sell their own product to scale it on sidechains.
>Several exchanges told us that they had been following our progress with interest, but seeing the value of the product firsthand was very important in their decision to help test the network and potentially become a customer.
>Liquid: In early April we took Liquid Beta live, and have been working with multiple participants on both test transactions and moving real bitcoins between Liquid and the main Bitcoin blockchain. The feedback we received has been exceptionally helpful, allowing us to reduce the number of steps necessary for network participants to complete a two-way peg in and out of the Liquid sidechain and making it easier for our customers to send bitcoin across the Liquid network. We are pleased with our recent progress on Liquid and looking forward to adding new customers soon.

BTC IS GOING TO BE A BANK.

>> No.5861739
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5861739

OP is a buttcoin faggot go suck on a stick

>> No.5861867
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5861867

>>5860698
FOUND THE JEW

>> No.5861922
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5861922

>>5860615
https://www.youtube.com/watch?v=UYHFrf5ci_g
first comment here you go anon be a good person

>> No.5861987

>>5861922
People have been screaming their throats about this for years now.

>> No.5862177

>>5861723
Holding BTC is still risky for regular people, for once the lightning network is initiated, it will slowly become apparent that you cannot sell your BTC for fiat. It's a trap.

Support BCH, it may not make you as much, but you can be a slightly less wealthy free man than a rich slave to the BTCBank.

>> No.5862254
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5862254

>>5861987

yeah but what will you do

>now fiat time
>banks run by Jews
>be a poorfag

>soon Crypto time
>banks run crypto
>be richfag

difference is that money will always be in the hands of the Jews but you can either be somewhat rich or stay a poorfag its a reset for some people

money don't care about being good or bad, about feelings and ethnicity. Money is money either you have it or not

>> No.5862485

>>5862177
> for once the lightning network is initiated, it will slowly become apparent that you cannot sell your BTC for fiat. It's a trap.
I can't understand how people don't see this is its fate, BTC holders are literally being locked out of their own coins.

>Support BCH, it may not make you as much, but you can be a slightly less wealthy free man than a rich slave to the BTCBank.
Doesn't BCH have a chance to succeed because it actually scales on-chain X100 with current tech?