Who's Holding BTC?

There will surely be an emotional threshold somewhere...

 

Does anyone think the FCA ban on crypto CFD that comes into play on 6th Jan will have a big impact or just add to the 'hold' pile?

 

About 80% of Bitcoin's latest bull run i.e. from $8k to $40k seems to be fraudulent pumping i.e. not organic

An almighty crash may be coming very soon...

Will post a link to analysis a bit later

 

I'd say its common sense it would switch to a down trend or find a correction in the market, nothing in financial markets constantly goes up without corrections along the way.

Whether it drops down to previous levels is another matter though. I do think the current pump is an indication of something to come though, IF ( <--big IF ) it does see a change in direction and finds its bottom, I'd expect to see it surge with more power later in the year.

 

I was watching silver closely in 2020

i have to say the move up in Bitcoin has reflected it oddly close if you overlay it

Maybe 100k btc will go the way of $100 silver predictions and has run out of steam for now

 

I think they're saying it's linked to Tether being printed out of thin air again.

 

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

It was on my other laptop, couldn’t be asked to email it to myself earlier

 

T

This is pretty much the reason for the late 2017 spike and subsequent collapse

This time, however, with many more big boy players in the mix they may step in to keep the ponzi going

One of the very reasons Bitcoin was supposedly created to oppose, it has become a victim of...

 

It may be worth thinking about cashing out at this point, and jump back in if no collapse happens in the next few weeks...

 

That's very interesting

I see its also been written about elsewhere - https://newrepublic.com/article/160905/tether-cryptocurrency-scam-enrich-bitcoin-investors

I will have to look into this more to verify details as best I can, thanks

 

And so it begins...

 

In a way it doesn't really matter what the price is now, people ain't getting their cash out. Kiss that goodbye.

 

Not sure what you mean? Not selling, or unable to get their cash out?

 

Getting cash out, if that article is correct, there isn't cash to make payments to people.

 

Well I've been in this space for years and I've not once traded using Tether. I can sell and take cash out in GBP within minutes; not that I'm going to.

 

Fair enough, I stand corrected.

 

You could tell from price breaking down instead of out it was going to be short term negative

 

This is only if you’re using a credible exchange like Coinbase

The majority of speculators are not, but using unregulated Bahamas banking exchanges