ca
4 years ago in LeoFinance by bitcoinflood
0.00 BPC
ca
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They are flipping the longs to shorts. There was no supply. Now there is. One more "big scare" to really suck the shorts in and then...BOOM! Rocket to the upside. At least that's how I see it. The more the FUD, the higher it will go as it will keep the shorts interested longer. Just like all the Michael Saylor and Elon and institutions buying and $300k-$500k projections ran it up. I will be keeping my eye on the short/long ratio. Every time it gets too heavy one direction, be prepared to do the opposite because I guarantee the banks/exchanges will be.
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i'm more interested in the markets over the next few months. but i guess the question in my mind is how long has Elon been out of the direct news spotlight. does he have an itchy Tweet finger? then markets will most likely be unreasonable, or manufactured to some degree.
a monthly trend upward, perhaps some short term price fuckery every few weeks.
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Honestly we are back to levels of where we were before he started to tweet and wallstreetbets. All of the Hype was just sucked up. It's short lived greed and delusions of grandeur.
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Better said impossible, it's a cycle, that's how this world is, I don't know why it's so hard to understand it, surely if we all thought the same way we wouldn't live this roller coaster of emotions.
I'm just hoping it's not another 3 year cycle.
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I dont think itll be a 3 year cycle. I think worst case is a year/tear abd a half, but i think this will likely be over within months if it even really settles in to start with.
Work hasn't stopped so people who have been here know to hold and wait. I think a lot more people will see that this time and "buy the dip" will ring out as people who had to hold through the long winter are seasoned to know how these cycles tend to work.
Not to mention crypto seems on the surface to be more long term now rather than get rich quick so i think the space will take this in stride this time and recover fairly quick. Theres too much going on now for things to just stay quiet.
FUD will only affect those who hold cryptocurrency for gaining profit from the rise of the price. Bitcoin and cryptocurrency is not only financial system but also an ideology. The ideology is decentralization. Decentralization comes from libertarian supporters who fight for privacy protection, freedom of money from central banks, and transparency. So the price will not affect the true cryptocurrency enthusiasts. Cryptocurrency enthusiasts will not stop holding, creating apps, and using crypto money though all governments ban.
In the end of 2017, many governments banned ICO. Did cryptocurrency projects stop? No. Today, there are new dapps that threathen banking systems. Defi is a bank on the blockchain. Will all projects stop in 2022 because of government banning? Let's wait and see the boom of cryptocurrency use in the next few years.
I do find it odd that we translate value of crypto into USD all the time. This is happening even more with the introduction of a lot more stablecoins pegged to USD. Totally agree though that crypto isn't going anywhere nor can it really be controlled. Governments just start to freak out and realize they are losing control and so they should they have been ripping people off for years now instead of helping its citizens.
This is what we called MANIPULATION for the market balance.
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I some part of me still hoping for the FUD to keep on spreading and pushing the price down more, I have not been able to have much fiat to buy at a lower price of bitcoin.
not hoping for $3K bitcoin, like in early 2020, but at least under $20K.
not to buy much, but at least something to smile on, when another bullrun cycle comes again. hahaha
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I have a feeling come Monday and next week there will be more. The reason being is that it's attracting news and that's all news cares about is views. After the FUD gets boring they will start talking it up again. Same old cycle.
That is hilarious how close these plays to buy cheap bitcoin coincide... to the day!
Yay! 🤗
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A wise article. Unfortunately, not everyone perceives the news this way :)
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