BTC IS DEATH: ETH / BTC FLIP COMING WITHIN MONTHS!
BIG BTC WARNING TO EVERYONE: we have a market wide dump because of Bitcoin and a liquidation hunt, not because of anything else! At this very moment the correction for STRONG FUNDAMENTAL COINS IS PRETTY MUCH OVER!
We have a market wide dump here guys, massive market maker move going on here! The reason is simple: there is no further interest in Bitcoin as its no longer decentralized! You are witnessing the death of Bitcoin here! Yes I said something slightly different earlier today with the sideways market (it was TA focused post) and I was right looking at the resistance and support levels but I overlooked the most important fundamental aspect: Bitcoin is in the hands of Chinese miners and therefore in the hands of the Chinese government. The electricity outage in China leading to the hash rate outage was the final death stroke for Bitcoin and proved the lack of decentralization. Therefore it is NOT a safe store of value (anymore) and institutions will take their money out and will drop it into something that does have true decentralization: Ethereum and other strong fundamental coins! I have been warning for this to happen multiple times, however I didn't expect it to happen this soon! Satoshi imagined miners across the globe and true decentralization and not a dominance of Chinese miners...
With this, I wanna thank Satoshi Nakamoto sincerely and from the deepest from my heart for his truly ingenious invention for a decentralized network called blockchain. I will keep one sat on my wallet just for him/her/them and today I will pop a bottle of champagne for the myth and the legend. Bitcoin is now dead but his mission is completed: he created the interest and ecosystem for blockchain and that will never die. We will be here to celebrate your forever! Thank you.
Just a little explainer what happened; we've seen a massive manipulation of the market maker here guys, this is a shake out and NOT the start of the bear market! They brought ETH back up close to the ATH, opened their shorts and dumped their full bag; the total market saw an outflow of almost 500 billion (!!!) in a half a day! That is a fast move, fake move guys, this is liquidating all those longs on BTC and ETH; I have said it many time
For BTC and the shitcoins; this is the start of the bear market, for the strong fundamental coins that provide blockchain infrastructure; this is the START of the bull market. That 1 trillion USD in BTC will now move towards these alts! I will update you in the coming days to see where that money will go... For now I'm already long on ETH but we have to wait and see what happens when Europe and the USA wake up; the paper might be selling but in my opinion this is NOT the time to sell as you are effectively selling the bottom. Yes, 3900 ETH is a bottom, can you believe it!? Ethereum is so strong. But (!) we have to see what the paper hands will do when they wake up. For all the people who bought shitcoins, your greed is in the hands of the market maker, us fundamental coiners say thank you because this money will be used to buy more ETH and other fundamentally strong coins.
It is time for the market to be out of the hands of Grandpa, he can rest now and the Chinese plan to crash our market has failed; the son of Bitcoin has taken over and with an deflationary ETH 2.0 we have a safe store of value / utility coin with a lot of adoption.
Thank you grandpa Bitcoin, we love you and your ideology will be lived on forever. <3
We have a market wide dump here guys, massive market maker move going on here! The reason is simple: there is no further interest in Bitcoin as its no longer decentralized! You are witnessing the death of Bitcoin here! Yes I said something slightly different earlier today with the sideways market (it was TA focused post) and I was right looking at the resistance and support levels but I overlooked the most important fundamental aspect: Bitcoin is in the hands of Chinese miners and therefore in the hands of the Chinese government. The electricity outage in China leading to the hash rate outage was the final death stroke for Bitcoin and proved the lack of decentralization. Therefore it is NOT a safe store of value (anymore) and institutions will take their money out and will drop it into something that does have true decentralization: Ethereum and other strong fundamental coins! I have been warning for this to happen multiple times, however I didn't expect it to happen this soon! Satoshi imagined miners across the globe and true decentralization and not a dominance of Chinese miners...
With this, I wanna thank Satoshi Nakamoto sincerely and from the deepest from my heart for his truly ingenious invention for a decentralized network called blockchain. I will keep one sat on my wallet just for him/her/them and today I will pop a bottle of champagne for the myth and the legend. Bitcoin is now dead but his mission is completed: he created the interest and ecosystem for blockchain and that will never die. We will be here to celebrate your forever! Thank you.
Just a little explainer what happened; we've seen a massive manipulation of the market maker here guys, this is a shake out and NOT the start of the bear market! They brought ETH back up close to the ATH, opened their shorts and dumped their full bag; the total market saw an outflow of almost 500 billion (!!!) in a half a day! That is a fast move, fake move guys, this is liquidating all those longs on BTC and ETH; I have said it many time
For BTC and the shitcoins; this is the start of the bear market, for the strong fundamental coins that provide blockchain infrastructure; this is the START of the bull market. That 1 trillion USD in BTC will now move towards these alts! I will update you in the coming days to see where that money will go... For now I'm already long on ETH but we have to wait and see what happens when Europe and the USA wake up; the paper might be selling but in my opinion this is NOT the time to sell as you are effectively selling the bottom. Yes, 3900 ETH is a bottom, can you believe it!? Ethereum is so strong. But (!) we have to see what the paper hands will do when they wake up. For all the people who bought shitcoins, your greed is in the hands of the market maker, us fundamental coiners say thank you because this money will be used to buy more ETH and other fundamentally strong coins.
It is time for the market to be out of the hands of Grandpa, he can rest now and the Chinese plan to crash our market has failed; the son of Bitcoin has taken over and with an deflationary ETH 2.0 we have a safe store of value / utility coin with a lot of adoption.
Thank you grandpa Bitcoin, we love you and your ideology will be lived on forever. <3
Kommentera:
Can BTC break back into safe territory? Into its channel? Would be great for the other coins... It also looks like BTC is forming a descending channel. Just give me a stable grandpa inside that channel please...
Kommentera:
UPDATE: I totally missed the Tesla news not accepting BTC anymore... Still the chart was telling me the story, believe it or not. i just saw it now as I dont check Elon’s twitter, I rather follow the charts. So BTC is going to see more correction and thus the market aswell. We need to flip BTC as soon as possible before she drags us into a bear market! I really hope the market inderstands this technology and tech moves on! It is time to move on from BTC to ETH; we need a new, younger and stronger king!!!
Kommentera:
PS: if I knew about Tesla it would have been in this post ofcourse... funny how a chart tells the story by itself
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