Bitcoin on an irreversible path to CATASTROPHE [Urgent]
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China government. USA executive. USA senate. USA house of representative. Central bankers, the people literally running the world currencies (you'd think they know a thing or two). Economists. World top investors. Investment banks. They ALL AGREE.
Here is a link to what some of the most proeminent the experts have said:
theguardian.com/technology/2018/feb/08/bitcoin-what-the-experts-have-said
A few extracts:
The debate is settled. Experts are unanimous.
We are in the last moments for Bitcoin. The downtrend cannot be reversed anymore.
12 months is all that is left before the ultimate catastrophe.
It will be much worse than what the world has ever seen.
The destruction will be the biggest but also the fastest we have ever seen.
A 100% drop of a near trillion (at ath) dollar market with tens of millions of people fully invested, in just a few years.
Families will be destroyed and the world will not be able to cope with them, they won't get any help, as by then the real estate & stock markets will be so expensive, and rates so low, and debt so high. Not only that but the speed at which the change will happen will be so unprecedented that there is no way any government will be able to react. People will lose everything at once and be left in despair.
Thousands, perhaps tens of thousands, have been affected by Bitconnect. This was our early warning, a direct result of the blockchain and the hype around Bitcoin.
Such events are becoming more frequent and will become worse without urgent, immediate action.
There is no time to argue. If we do not sell our Bitcoin right away and never buy again, all hope is lost.
Addressing the real-life impact of cryptocurrencies for our future, we can look at our future, the youth.
13 year old CEO George Weiksner (11 when he started) took upon himself to make a change and help replace Bitcoin.
I can't be bothered reading that story honestly, but the summed up version is BTC has so many flaws and limits we need something entirely new.
We need to follow his example. Time to quit BTC and move to something new and better, before it is too late.
Bitcoin is surrounded by hype, this denier hype is financed by the big mining corporations that only care about profit and deny the trend that Bitcoin is in as well as all the harm it has done.
Bitcoin has been on a downtrend for now nearly 24 months, and it is projected that at this speed it will reach zero by the end of 2020.
You cannot argue with the facts.
Action must be taken now. There is only 12 months left. We cannot ignore it anymore. This is an emergency.
Bitcoin has lost 40% of its value in 4 months, and 57% since December 2017.
Bitcoin volatility has never been so high, with extreme moves up and extreme moves down. And things are going to get worse as things get worse.
Volatility will liquidate everyone on the way down. This is irreversible and Bitcoin is doomed.
The science is clear:
> Volatility will keep increasing.
> Bear rallies will be deeper and longer.
> Gaps and stop hunts will be more frequent.
> Tether will not be able to save the price of BTC anymore.
> Uptrends will be weaker and weaker.
> Transaction times will keep going up.
> Tx costs will keep increasing.
> BTC supported ponzi schemes will increase.
> BTC supported crime on the dark web will keep increasing.
> Bans against Bitcoin will be more & more frequent.
> Severe sanctions against BTC holders that forgot to declare taxes correctly will become harsher.
> People are going to lose money at unprecedented rates.
The debate is over!
As experts have said, abandon all hope. The situation is much worse than you think. Sell and don't look back.
You have been warned. Take action. Sell.
Here is a link to what some of the most proeminent the experts have said:
theguardian.com/technology/2018/feb/08/bitcoin-what-the-experts-have-said
A few extracts:
The debate is settled. Experts are unanimous.
We are in the last moments for Bitcoin. The downtrend cannot be reversed anymore.
12 months is all that is left before the ultimate catastrophe.
It will be much worse than what the world has ever seen.
The destruction will be the biggest but also the fastest we have ever seen.
A 100% drop of a near trillion (at ath) dollar market with tens of millions of people fully invested, in just a few years.
Families will be destroyed and the world will not be able to cope with them, they won't get any help, as by then the real estate & stock markets will be so expensive, and rates so low, and debt so high. Not only that but the speed at which the change will happen will be so unprecedented that there is no way any government will be able to react. People will lose everything at once and be left in despair.
Thousands, perhaps tens of thousands, have been affected by Bitconnect. This was our early warning, a direct result of the blockchain and the hype around Bitcoin.
Such events are becoming more frequent and will become worse without urgent, immediate action.
There is no time to argue. If we do not sell our Bitcoin right away and never buy again, all hope is lost.
Addressing the real-life impact of cryptocurrencies for our future, we can look at our future, the youth.
13 year old CEO George Weiksner (11 when he started) took upon himself to make a change and help replace Bitcoin.
I can't be bothered reading that story honestly, but the summed up version is BTC has so many flaws and limits we need something entirely new.
We need to follow his example. Time to quit BTC and move to something new and better, before it is too late.
Bitcoin is surrounded by hype, this denier hype is financed by the big mining corporations that only care about profit and deny the trend that Bitcoin is in as well as all the harm it has done.
Bitcoin has been on a downtrend for now nearly 24 months, and it is projected that at this speed it will reach zero by the end of 2020.
You cannot argue with the facts.
Action must be taken now. There is only 12 months left. We cannot ignore it anymore. This is an emergency.
Bitcoin has lost 40% of its value in 4 months, and 57% since December 2017.
Bitcoin volatility has never been so high, with extreme moves up and extreme moves down. And things are going to get worse as things get worse.
Volatility will liquidate everyone on the way down. This is irreversible and Bitcoin is doomed.
The science is clear:
> Volatility will keep increasing.
> Bear rallies will be deeper and longer.
> Gaps and stop hunts will be more frequent.
> Tether will not be able to save the price of BTC anymore.
> Uptrends will be weaker and weaker.
> Transaction times will keep going up.
> Tx costs will keep increasing.
> BTC supported ponzi schemes will increase.
> BTC supported crime on the dark web will keep increasing.
> Bans against Bitcoin will be more & more frequent.
> Severe sanctions against BTC holders that forgot to declare taxes correctly will become harsher.
> People are going to lose money at unprecedented rates.
The debate is over!
As experts have said, abandon all hope. The situation is much worse than you think. Sell and don't look back.
You have been warned. Take action. Sell.
Ghi chú
Oh ye I forgot, for the lawyers & the morons:This is not investment advice. Prices can go up or down.
This is for entertainment purpose for qualified investors only.
Not a recommendation to buy or sell.
Ghi chú
Binance and Tron got banned from weibo lol.I imagine Bitcoin is set to be the worst performing asset of the second half of 2019, of Q4, and of 2020.
Meanwhile stocks...
IG clients are doubling up on their shorts how stupid.
I don't know if they represent all retail. There is a going to be a huge short squeeze.
It's just so stupid they keep going against the trend and adding and adding.
Some investors are bound to sell Bitcoin and buy stocks eventually.
People just chase performance.
Plus there is something else:
- There has been so many people, mainstream media, making apocalyptic calls on Bitcoin since 2010, and scaring people, causing them to miss out, that today, BTC investors ignore bears completely and are 100% persuaded it will keep going up.
- Today and for a while, alot of people (often the same) and mainstream media have kept making armageddon calls on the stock market, and yet it keeps going up. It is logical to expect people to start having regrets about missing out so much, that they will massively start buying, and this is when the stock market will go parabolic and then crash. And they will refuse to sell and admit they joined the train too late. They will sell at the bottom thought. Same story over and over. It's cruel but it's actually funny.
Ghi chú
Got 1 more reason to stay away from crypto.On kraken only:
3,744 - 3,746 of 3,746 ledger entries
Bitmex: All in BTC.
Binance: in crypto or usdt if I recall correctly.
VERSUS:
FXCM = Instantly get your total gains/losses for any period you want
IG = Download a csv for whatever period you want, easy SUM()
trading.com (XM) = Just like crypto brokers, trash. The amount of ads and populist things they used "Usain Bolt" etc looks like a sports bet site, no wonder. I doubt they have any profitable gamblers that need a statement anyway.
Pepperstone = Can export withdrawal and deposit history to csv.
I guess you can use the deposit and withdrawal history with fx/stock brokers to see how much you made. Hehehe if you have been arbitraging crypto you are dead.
I am 2 months late (or maybe more idk how it works) to declare taxes and I am going to monday it's so annoying with crypto I wish I never touched this scam.
Ye that's probably not a problem for most of you, you don't need to declare the money you lost.
With 99.9% of crypto "traders" either being buy and hold till old age, or trade on a daily/weekly chart = get excited when the price pumps and fomo in and hold onto losers and lose, or being very active day traders that lose a ton of money, there is no need for a yearly statement :)
I lost the password to Poloniex even but if I never sell the pointless crypto I sent there I don't need to declare them.
There are just so many reasons to stay away. Crypto is painfully stupid.
Really a ignorant mainstream thing and nothing more.
This is just so annoying.
Ghi chú
*Correction Kraken doesn't even have deposit & withdraw history. Wow.They can't even remember a few transactions. They probably have a huge database with the 250 million clowns and their 250 bucks accounts.
It is SO BAD. At least keep fiat deposit and withdrawal. Glad I quit this scam.
I NEVER want to trade crypto again. At least the few dozen bucks I have on bitmex and barely touch should be easy to declare...
See? When I said I quit forever I wasn't joking.
Also I can give you my word with 99.999% certainty institutions will NEVER join this clown show.
Ghi chú
Imminent flush is likely :)Ghi chú
Current retail sentiment:Bitcoin chart:
Current top idea on the whole site (joined 1 day ago):
Need I say more?
Oh by the way, this idea was a complete troll post.
I literally took a page from the UN site about "climate change" and copy pasted it then changed a few words.
"97% of climate scientists agree" became "93 to 98% of currency experts agree"
I said I did a google search on central bankers to get result lol come on.
"We have 12 years left to act" became "There is 12 months left before Bitcoin goes to zero".
There are some facts mixed up in there. But this just shows the average Bitcoin warrior is some some of mollusk. They're always calling me out on my bear calls but not a single one could tell the difference between my rational ideas filled with evidence and ridiculous nonsense like this.
When the term "dumb money" was invented I refuse to believe it was that bad.
So with such an incredible bullish sentiment we can assume - we gamble on the fact new suckers will not join - there will be serious downside:
The entire "investor" community has bought and is eager for the price to go up.
The second community that is involved in trading BTC are the miners and they don't buy: they only sell.
We cannot know everything, but given the information we do know, it is logical to expect more downside (some scam spikes up are possible but irrelevant).
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