0 sats \ 1 reply \ @RockBrand OP 29 Feb freebie \ parent \ on: Is the Fed scamming us via Bitcoin? bitcoin
I'm not talking about from 2022 to now. I'm talking from last month to now. It has gone from 40 to 63. That's a blink of an eye.
In the first MAJOR bull run when Elon Musk tried the Rug Pull, it went from 10,000 to over 60 in a blink of an eye in the 2020 Covid free-money-cheques era. If they distributed $100 to the public, you can bet they used $10,000 for themselves. Who knows how many BTC they bought and sold in that Pump & Dump!? It also went from 60 to 30 in the blink of an eye.
The second MAJOR bull run of 2021 also saw it go from 30 back to 68 in the blink of an eye. The bleeding fall from 68 to 16 was slow, and it actually benefits the scammer to sell it slow. They only sell it for USD (which they print). But all the other countries' people who bought high and and now selling low (between 60 to 20 let's say) are in effect devaluing their own currencies. In some complex way, it seems these not-wildly-printed (and thus somewhat real currencies) are propping up the obviously-not-real-and-wildly-printed USD. And also making the people who bought high sold low poorer along with their countries and national currencies.
The "let's pump it up, we gotta pump it up" meme posting accounts might be run by these "elites" for all we know. After they are done buying, they might be creating 100s of such accounts. They can obviously manipulate social media and do sentiment analysis like crazy and give 100x the exposure to these "we gotta pump it up" memes exactly when it suits them, they own it! They own MSM. They can start showing positive stories of it when it suits them. They create a craze and get people to pile in on the bandwagon. Then they disappear when it goes to 30. If they truly care about bitcoin and the people, they should be singing "we gotta pump it up" when it's 20k, not when it's 63k. I've unfollowed a lot of these "seasonal" accounts. I don't trust them anymore. It's best to be skeptical about everything and never miss a chance to buy bitcoin low and to HODL through any crashes (manufactured or otherwise).
I don't know what and how exactly should I tell you.
Just a piece of advice
HODL and don't react to the prices ... Bitcoin's reaching to 60k from 10k in a blink of an eye was due to the fact that it's market cap was way less than that of Gold. Gold's 2 year are Bitcoin's 1 month. I mean the market cap of Gold is 13-14 times more than Bitcoin. Isn't it a valid reason why Bitcoin is so fucking volatile.