BTC- Manipulation and Accumulation
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The intent of Satoshi was to have a decentralized currency that was not subject to governments and or central banks. Bitcoin used to be that currency, but as in all things good it appears corruption has reared it’s ugly head. Ideally it is great to have a currency that is limited by an algorithm that only allows so many to ever come into existence. Or so we thought. Enter the Brave new World of Central Banks and Governments.
The good book mentions beware of a wolf in sheep’s clothing. Well folks it looks like there are some wolfs in the flock. Ohh they look like sheep but they are far from it. They have become the government and central banks of the crypto space. You know cryptos were supposed to be devoid of centralization and power. This was actually an evolution from something that started with good intent. But this evolution for the people is being exploited by the corporate miners and Exchanges that have replaced the central banks and governments, and worse yet, have no accountability. Remember when mining could be done by anyone? Those days are gone, and here come the snake oil salesmen with all their promises of cures.
Now I'm not saying forks are a bad thing, there have been several forks in the past, some have failed, and others have survived. The intent was to let the people decide which currencies were the best. LTC’ Zcash BCH’ and Dash all filled a gap and were improvements (whether you agree or not) to the original BTC’ chain and the people decided their price.
But how we accused governments and central banks of manipulation our currencies are now being done by powerful mining companies and so called exchanges. Using their powers they manipulate prices by introducing worthless forks such as gold and the upcoming segwit2x coin and their continued control over these coins even after the fork while they milk us and silently accumulating coins of value. They tell us they will release it once a wallet is available but somehow they are being traded on the futures market? Who is backing this? Every owner of Bitcoin is. By the time of it's release it will be worth much less giving them opportunity to profit from our property. How do you release a coin without a wallet?
But what does gold or segwit2x offer that is not already been released. And now silver? Yes this inflates the price of bitcoin by tricking people into selling their altcoins to chase a free lunch. (market rotation) Have you noticed the spikes in both Zcash and Bcash recently? Notice how rumors of Amazon are released to foster buying by those unwittingly selling their alts at sub value in hope of BTC’ going to 10k?
Have you noticed how they release coins with no wallets and unfinished codes, and coins that are released such as BCH have taken months and still are not distributed to the rightful owners. Meanwhile they profit from us and feed us garbage. How do you release a coin that is not available to the owners for a month or longer. Thanks coinbase for keeping out BCH safe while you profit from it. Yes we know you are looking out for our security. At least that's what you told the attorneys.
This is why I am continuing to accumulate alts. I am selling off some BTC to do this and adding from my cash position. I know this stack of cards will fall soon, and I will be able to buy it back cheaper. Yes i am shorting bitcoin by buying alts at this point. The chart is clear and the intent of the powers that be is clear as can be. The market may be rotating but I will not be on the rotisserie for supper.
I'm not one for conspiracies, but the facts are the facts and the charts are the charts. Note how mainstream news media agencies are pushing bitcoin. Why now? Maybe it's so they and their rich friends whom for months stated it was a scam while they accumulated, can cash in on the backs of the average Joe and buy alt coins at a cheaper price. After all micro payments will never be done with bitcoin.
The good book mentions beware of a wolf in sheep’s clothing. Well folks it looks like there are some wolfs in the flock. Ohh they look like sheep but they are far from it. They have become the government and central banks of the crypto space. You know cryptos were supposed to be devoid of centralization and power. This was actually an evolution from something that started with good intent. But this evolution for the people is being exploited by the corporate miners and Exchanges that have replaced the central banks and governments, and worse yet, have no accountability. Remember when mining could be done by anyone? Those days are gone, and here come the snake oil salesmen with all their promises of cures.
Now I'm not saying forks are a bad thing, there have been several forks in the past, some have failed, and others have survived. The intent was to let the people decide which currencies were the best. LTC’ Zcash BCH’ and Dash all filled a gap and were improvements (whether you agree or not) to the original BTC’ chain and the people decided their price.
But how we accused governments and central banks of manipulation our currencies are now being done by powerful mining companies and so called exchanges. Using their powers they manipulate prices by introducing worthless forks such as gold and the upcoming segwit2x coin and their continued control over these coins even after the fork while they milk us and silently accumulating coins of value. They tell us they will release it once a wallet is available but somehow they are being traded on the futures market? Who is backing this? Every owner of Bitcoin is. By the time of it's release it will be worth much less giving them opportunity to profit from our property. How do you release a coin without a wallet?
But what does gold or segwit2x offer that is not already been released. And now silver? Yes this inflates the price of bitcoin by tricking people into selling their altcoins to chase a free lunch. (market rotation) Have you noticed the spikes in both Zcash and Bcash recently? Notice how rumors of Amazon are released to foster buying by those unwittingly selling their alts at sub value in hope of BTC’ going to 10k?
Have you noticed how they release coins with no wallets and unfinished codes, and coins that are released such as BCH have taken months and still are not distributed to the rightful owners. Meanwhile they profit from us and feed us garbage. How do you release a coin that is not available to the owners for a month or longer. Thanks coinbase for keeping out BCH safe while you profit from it. Yes we know you are looking out for our security. At least that's what you told the attorneys.
This is why I am continuing to accumulate alts. I am selling off some BTC to do this and adding from my cash position. I know this stack of cards will fall soon, and I will be able to buy it back cheaper. Yes i am shorting bitcoin by buying alts at this point. The chart is clear and the intent of the powers that be is clear as can be. The market may be rotating but I will not be on the rotisserie for supper.
I'm not one for conspiracies, but the facts are the facts and the charts are the charts. Note how mainstream news media agencies are pushing bitcoin. Why now? Maybe it's so they and their rich friends whom for months stated it was a scam while they accumulated, can cash in on the backs of the average Joe and buy alt coins at a cheaper price. After all micro payments will never be done with bitcoin.
Заметка
Well even though we are down $20 in ZEC (10%) we are up $115 (33%) in our BCH trade while BTC is down a small amount. This is where understanding market fundamentals is as important as chart reading. I will take 25% profit on 2 trades combined any day! We are still being patient on Litecoin and Dash. While others were looking to short BTC we were looking at the market for direction and this is critical for long term returns! This is the exact reason investors outperform traders 90% of the time!
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