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HERE'S WHY BITCOIN DUMPED almost $10,000 today...

 
JJ Johns
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:08 PM

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HERE'S WHY BITCOIN DUMPED almost $10,000 today...
bitcoin is currently sitting at close to 47K, after a bounce from a low of $43,285.21 after crashing from a high of $52,853.76

yeah, i know all of you haters want to say, told you so, but, here is my take on this.

it is no surprise that this happened today... the day that el salvador's new law came into effect making bitcoin legal tender.

the central banks, i'm sure, were not at all happy about this and decided to show other countries not to do this.

after all, if many follow, the banks will lose, big time.

Last Edited by Jay3 on 09/07/2021 04:14 PM
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No clotshot, NEVER!
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Mad as hell!

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JJ Johns  (OP)
J to the 3rd

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Switzerland
09/07/2021 04:10 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
the crash also rekt a lot of longs and, from the looks of that candle wick, was definitely manipulated.

here is just one article about it...

Early stumble as El Salvador starts Bitcoin as currency

El Salvador has become the first country to adopt Bitcoin as legal tender, but the rollout stumbled in its first hours

[link to abcnews.go.com (secure)]
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Anonymous Coward
User ID: 75843948
Austria
09/07/2021 04:16 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Then in a few weeks in goes to the moon like never before?
Endoplasmic

User ID: 80158411
United States
09/07/2021 04:17 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Bitcoin and other crypto dropped today because Hege Funds use crypto as a pump and dump and they had to hedge their AMC losses.
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:18 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
from the ac article above:


"Meanwhile, the value of Bitcoin plummeted early Tuesday, dropping from more than $52,000 per coin to $42,000, before recovering about half of that loss — an example of the volatility that worries many."


crypto has the potential to put most banks out of business. it could render the fed, even more helpless. but, nay sayers would rather invest in paper backed by corrupt governments that are full of shit. 1dunno1

this shows that they are concerned, and want to stop more from jumping on board.
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Mad as hell!

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Anonymous Coward
User ID: 79514875
09/07/2021 04:18 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
You must be unfamiliar with Dollar Cost Averaging. They bought $10 million. Then they bought another $10 million recently. They are going to keep buying over and over and over and over and over and over. It's called DOLLAR COST AVERAGING YOU FUCKING MORON.
T-Man
Entitled title

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Netherlands
09/07/2021 04:18 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Then in a few weeks in goes to the moon like never before?
 Quoting: Anonymous Coward 75843948


dont jinx it tounge
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:21 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Then in a few weeks in goes to the moon like never before?
 Quoting: Anonymous Coward 75843948


in my opinion, i think it may soon hit new highs. a few days of consolidation and then...

but, who knows. the whales may not be done yet. personally, i saw this coming and sold all of my holdings this morning. i didn't catch the bottom, but i came close in a lot of what i wanted to...

sol, super, ray, srm...
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No clotshot, NEVER!
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Mad as hell!

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Godlike BTC
User ID: 80843099
Switzerland
09/07/2021 04:22 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Global Fibonacci resistance.

Thread: Entire Crypto Market took a 15% nose dive in last 12 hours! (Page 4)
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:23 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
You must be unfamiliar with Dollar Cost Averaging. They bought $10 million. Then they bought another $10 million recently. They are going to keep buying over and over and over and over and over and over. It's called DOLLAR COST AVERAGING YOU FUCKING MORON.
 Quoting: Anonymous Coward 79514875


you're the moran. and yes, i am well aware of what DCA is...

this was a warning sign to other countries... it was totally manipulated. but whatever, you're obviously a financial guru-tard
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Mad as hell!

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Anonymous Coward
User ID: 76881929
Germany
09/07/2021 04:24 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
a rothschild company single-handedly controls all crypto prices, it has nothing to do with 'market' and 'sentiment'. often times they tank it to wipe out gamblers.
T-Man
Entitled title

User ID: 78270630
Netherlands
09/07/2021 04:24 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Then in a few weeks in goes to the moon like never before?
 Quoting: Anonymous Coward 75843948


in my opinion, i think it may soon hit new highs. a few days of consolidation and then...

but, who knows. the whales may not be done yet. personally, i saw this coming and sold all of my holdings this morning. i didn't catch the bottom, but i came close in a lot of what i wanted to...

sol, super, ray, srm...
 Quoting: JJ Johns


you sold everything you had? but before the "crash" you mean?

its crazy that my portfolio took a 25% hit but the overall crypto market is only back to where it was 1 week ago. so not that dramatic really (for now)
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:25 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
thanks juan. makes me proud


5a
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No clotshot, NEVER!
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Mad as hell!

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Godlike Long Squeeze
User ID: 80843099
Switzerland
09/07/2021 04:27 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
lol if you missed that short ...

[imgur] [link to imgur.com (secure)]
T-Man
Entitled title

User ID: 78270630
Netherlands
09/07/2021 04:29 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
lol if you missed that short ...

https://imgur.com/a/tTLT3qA

 Quoting: Godlike Long Squeeze 80843099


ha. sick!!!
and its sad because last night i was telling my friend this would happen. but i didnt act. but it also feels good to not fud/fomo. missing out is a part of it but im still happy long term. but man, respect to that trade!
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:30 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Then in a few weeks in goes to the moon like never before?
 Quoting: Anonymous Coward 75843948


in my opinion, i think it may soon hit new highs. a few days of consolidation and then...

but, who knows. the whales may not be done yet. personally, i saw this coming and sold all of my holdings this morning. i didn't catch the bottom, but i came close in a lot of what i wanted to...

sol, super, ray, srm...
 Quoting: JJ Johns


you sold everything you had? but before the "crash" you mean?

its crazy that my portfolio took a 25% hit but the overall crypto market is only back to where it was 1 week ago. so not that dramatic really (for now)
 Quoting: T-Man


i have two portfolios a long hold and a trading one. 75/25 long to trading...

sold 100% of the trading one and about 30% of the long hold.

bought all back again while it was crashing. i had 47k btc as my buy back level. it was, and is still risky, but... for now lucky. still am not sure though. it may continue to drop after that little bounce.

i did well, selling things that were in profit, and then bought them back after at up to 25-30% loss...

the long hold still took a hit, but not nearly as bad as it would have, and the trading portfolio had a 20% day... so far. i am watching things closely.
.
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No clotshot, NEVER!
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Mad as hell!

.
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:31 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
lol if you missed that short ...

https://imgur.com/a/tTLT3qA

 Quoting: Godlike Long Squeeze 80843099


i didn't come close to that, unfortunately.
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No clotshot, NEVER!
.
Mad as hell!

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Anonymous Coward
User ID: 79044359
United States
09/07/2021 04:34 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Bitcoin and other crypto dropped today because Hege Funds use crypto as a pump and dump and they had to hedge their AMC losses.
 Quoting: Endoplasmic


Yup! P&D's to raise capital to cover their Short positions soon on the Meme stocks.
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:36 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
a rothschild company single-handedly controls all crypto prices, it has nothing to do with 'market' and 'sentiment'. often times they tank it to wipe out gamblers.
 Quoting: Anonymous Coward 76881929


they most definitely rektd plenty of those. but i think this was more symbolic today. two birds with one manipulated stone.
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No clotshot, NEVER!
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Mad as hell!

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Anonymous Coward
User ID: 71632887
United States
09/07/2021 04:37 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
yawn, the entire reason scamtokens haven't collapsed from the head and shoulder chart was the false tweet Amazon was going to start accepting Bitcoin.
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:38 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
yawn, the entire reason scamtokens haven't collapsed from the head and shoulder chart was the false tweet Amazon was going to start accepting Bitcoin.
 Quoting: Anonymous Coward 71632887


look closely and get a clue, that wasn't a true head and shoulders.

but, whatever enjoy your fiat toilet paper
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No clotshot, NEVER!
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Mad as hell!

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Liberty420

User ID: 75989270
United States
09/07/2021 04:42 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
bitcoin is currently sitting at close to 47K, after a bounce from a low of $43,285.21 after crashing from a high of $52,853.76

yeah, i know all of you haters want to say, told you so, but, here is my take on this.

it is no surprise that this happened today... the day that el salvador's new law came into effect making bitcoin legal tender.

the central banks, i'm sure, were not at all happy about this and decided to show other countries not to do this.

after all, if many follow, the banks will lose, big time.
 Quoting: JJ Johns


Yeah I think when the central banks try to trash crypto it will be way worse than a 10k drop
Anonymous Coward
User ID: 80648416
United States
09/07/2021 04:42 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
bitcoin is currently sitting at close to 47K, after a bounce from a low of $43,285.21 after crashing from a high of $52,853.76

yeah, i know all of you haters want to say, told you so, but, here is my take on this.

it is no surprise that this happened today... the day that el salvador's new law came into effect making bitcoin legal tender.

the central banks, i'm sure, were not at all happy about this and decided to show other countries not to do this.

after all, if many follow, the banks will lose, big time.
 Quoting: JJ Johns


Why do you people think banks care? Banks bank currencies, they leverage tangible assets for more tangible assets. Banks are why the price of everything goes up. The more it goes up it's because banks own more of it and sell it for more.
Anonymous Coward
User ID: 80843099
Switzerland
09/07/2021 04:43 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
lol if you missed that short ...

[imgur] [link to imgur.com (secure)]
 Quoting: Godlike Long Squeeze 80843099


ha. sick!!!
and its sad because last night i was telling my friend this would happen. but i didnt act. but it also feels good to not fud/fomo. missing out is a part of it but im still happy long term. but man, respect to that trade!
 Quoting: T-Man



Thank you! That was one of those trades where you plan it weeks in advance and wait for the price to come to your limit short. We've had these levels on our charts for a while. You wait for the price to reach the level and judge the reaction via the volume and imbalances. There were a shit ton of longs opening at the top and that a perfect setup for a Long Squeeze!


This was the global fib levels from all time high to our most recent low. Then after the drop we caught a nice scalp Long off of the lower golden pocket at 42609 to the dollar!

[imgur] [link to imgur.com (secure)]
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 04:45 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
bitcoin is currently sitting at close to 47K, after a bounce from a low of $43,285.21 after crashing from a high of $52,853.76

yeah, i know all of you haters want to say, told you so, but, here is my take on this.

it is no surprise that this happened today... the day that el salvador's new law came into effect making bitcoin legal tender.

the central banks, i'm sure, were not at all happy about this and decided to show other countries not to do this.

after all, if many follow, the banks will lose, big time.
 Quoting: JJ Johns


Why do you people think banks care? Banks bank currencies, they leverage tangible assets for more tangible assets. Banks are why the price of everything goes up. The more it goes up it's because banks own more of it and sell it for more.
 Quoting: Anonymous Coward 80648416


they care. they could lose a big chunk of the action. they talk shit about it, and open up investment desks while doing so. crypto is a disrupter.
.
.
No clotshot, NEVER!
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Mad as hell!

.
nwo_watcher_911

User ID: 79682921
United States
09/07/2021 04:46 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
....btc looks like it's testing the 200 day..
T-Man
Entitled title

User ID: 78270630
Netherlands
09/07/2021 04:47 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
lol if you missed that short ...

https://imgur.com/a/tTLT3qA

 Quoting: Godlike Long Squeeze 80843099


ha. sick!!!
and its sad because last night i was telling my friend this would happen. but i didnt act. but it also feels good to not fud/fomo. missing out is a part of it but im still happy long term. but man, respect to that trade!
 Quoting: T-Man



Thank you! That was one of those trades where you plan it weeks in advance and wait for the price to come to your limit short. We've had these levels on our charts for a while. You wait for the price to reach the level and judge the reaction via the volume and imbalances. There were a shit ton of longs opening at the top and that a perfect setup for a Long Squeeze!


This was the global fib levels from all time high to our most recent low. Then after the drop we caught a nice scalp Long off of the lower golden pocket at 42609 to the dollar!

https://imgur.com/a/pjpYyxU

 Quoting: Anonymous Coward 80843099


teach me your ways!! lol

i like how you talk about 'we'
group effort? or actual professionals?
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 05:04 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
....btc looks like it's testing the 200 day..
 Quoting: nwo_watcher_911


yes, on the daily, the 200 ma and the 55 ema.

on the weekly, the 20 ema.
.
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No clotshot, NEVER!
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Mad as hell!

.
Anonymous Coward
User ID: 80048777
United States
09/07/2021 05:10 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Bitcoin and other crypto dropped today because Hege Funds use crypto as a pump and dump and they had to hedge their AMC losses.
 Quoting: Endoplasmic


this
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 05:17 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Bitcoin and other crypto dropped today because Hege Funds use crypto as a pump and dump and they had to hedge their AMC losses.
 Quoting: Endoplasmic


this
 Quoting: Anonymous Coward 80048777


and l salvador was just a coincidence...

[link to twitter.com (secure)]
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No clotshot, NEVER!
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Mad as hell!

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TerraFirma's Esoterrorist

User ID: 80420140
United States
09/07/2021 05:20 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
bitcoin is currently sitting at close to 47K, after a bounce from a low of $43,285.21 after crashing from a high of $52,853.76

yeah, i know all of you haters want to say, told you so, but, here is my take on this.

it is no surprise that this happened today... the day that el salvador's new law came into effect making bitcoin legal tender.

the central banks, i'm sure, were not at all happy about this and decided to show other countries not to do this.

after all, if many follow, the banks will lose, big time.
 Quoting: JJ Johns

Probably right, but I think that the term, "legal blender" will be a more accurate term for crypto and storage devices when tax time comes.
Why? Doh, the US economy's only actual newly added jobs numbers are in, Left Them Behind, Biden's IRS Crypto (Virtual) Space Force's surging Quasi-military Enforcement Agent pool.


biden

Last Edited by TerraFirma's Esoterrorist on 09/07/2021 05:26 PM
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