Killing the BTC Cannot Fall Below 5,800 Myth Part II

[Anonymous No.10097567]

All you "people" saying BTCUSD cannot fall below 6K or 5.8K due to the exchanges, miners, or CBOE and CMT Group wanting to keep up the price for futures trading need to start thinking like an industrialist. Imagine being in the industry as an exchange or miner and you have a bank with deep pockets backing you. You are working in a unregulated industry. You know your US industrial history. What do you do?

>Short crypto
>Short CBOE
>Short stocks heavily tied to crypto mining
>>https://www.fool.com/investing/2018/04/23/the-4-top-cryptocurrency-mining-stocks.aspx
>Do everything you can to drive the price down so other exchanges and miners cannot break even
>Keep the price down so they can never come back
>Buy the exchanges, CBOE shares, mining operations at a huge discount
>You and your bank become the new Rockefeller and Morgans of Crypto
>Everyone long on BTCUSD loses out of a fortune due to the 6k meme
>Weak hands lose the most

Last thread
>>>10035154

[Anonymous No.10097604]

>he thinks they really want to kill bitcoin

[Anonymous No.10097682]

>>10097604
>Rockefeller didn't want to kill the oil industry
>Alcoa didn't want to destroy the aluminum industry. >Vanderbilt didn't want to destroy the rail industry.
They want to gain control over the production and distribution. If I was a whale with a mine and an exchange I would be looking to do the same thing.

[Anonymous No.10097708]

>>10097682
>its the 1880s
bitcoin is a global market, the miners and exchanges are backed by their respective moguls already.

[Anonymous No.10097748]

>>10097567
You think you're the only one who thought of this?

What happens when a bunch of wales try to do the same thing?

I guess they would consolidate until they reached an equilibrium, then opened their own exchanges and try to pump the market.

Oh wait that already happened.

[Anonymous No.10097750]

>>10097708
The BTC-Tether manipulation paper shows you only need to control the volume at less than 1% of trading hours to prop up the price 50% and other cryptos 60%. A cartel of the the largest miners/echanges could easily break the back of the smaller fish and control production in their country.

[Anonymous No.10097784]

>>10097748
You don't get control of a market by pumping it, you get control by crashing it and rebuilding on a new, larger consolidated foundation. You could get vertically integrated and increase your margins. We see everything about this market is "Wild west" so why wouldn't the business start acting like industrialist?

[Anonymous No.10097863]

>>10097750
prop up, but crashing it is much harder

[Anonymous No.10097868]

>>10097784
Couldn't the SEC do something even years after manipulation had occurred?

[Anonymous No.10097897]

>>10097868
They have done fuckall with tether manipuation and that has been going on for 4 years. And the kind of high risk people that would do this are the people that think they could outmaneuver the SEC.

[Anonymous No.10097901]

>>10097567
>keep price down so that other exchanges and miners cannot break even
>sell walls get bought out by entities that aren't in on your plans and don't care to be
thanks op just gave away 100k bitcoin below mining price

[Anonymous No.10097924]

>>10097682
you clearly did not understand my post.

[Anonymous No.10097939]

>>10097901
The lower prices increases adoption, which is why you would do this sooner as opposed to later. Also, this works best if the institution doing it is on both sides of the trade. They are shorting, dumping the price,and buying the cheaper coins all at the same time.

[Anonymous No.10097947]

>>10097567
OP is fake AND gay. Blockchain allows for the NWO and the only way to get people to adopt the mark is via profit. BTC will go to 50k next year, IDK after that but block chain is the mark.

[Anonymous No.10097979]

dupont killed hemp.

[Anonymous No.10097999]

>>10097939
It makes sense
It's like I take money out of my right pocket and then put it into my left pocket.
>profit!

[Anonymous No.10098027]

>>10097567
They don't look happy, they look like they work fucking hard. Happiness is a meme to them on a certain level.

[Anonymous No.10098049]

>>10097999
I hear what you are saying, but imagine you own exchange A, but you short on exchange B, C, and D with one set of accounts and you move your coins onto those exchanges in different accounts and market sell all at once. You know the timing and they don't. Recycle your accounts so they don't track you down to quickly and you took a huge bite out of your competition.

>>10097979
That was a rival industry. Right now Dupont is traditional banking and crypto is hemp.

[Anonymous No.10098194]

>>10097567
What a load of nonsense. Sage.

[Anonymous No.10098582]

>>10097567
>Taking a meme this literally to the point you wright a blog post...

If this post gets dubs bitcoin crashes below 3000 again for another dark age

[Anonymous No.10098978]

>>10098582
rolling for crash

[Anonymous No.10099018]

>>10097567
Good thing I sold at 15k. Entry will be in 2-3k or if it goes back to 10k

[Anonymous No.10099179]

>>10097682
rockefeller wanted to buy cheap oil, alcoa wanted to buy cheap aluminium. why the fuck would anybody want cheap bitcoin, you cant produce anything with it.

[Anonymous No.10099241]

>>10099179
You're buying the premise that Bitcoin will become a reserve le store of value

[Anonymous No.10099276]

Holy shit I'm baked as fuck and I think you are right, some read recomendations?

[Anonymous No.10099309]

cannot kill something that isnt alive

[Anonymous No.10099331]

>>10099241
You bought the premise that the current money system cannot fail and your "money" is "safe" in the Bank.

It's much easier to kill the current global economy than to kill crypto.