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

 
DWAVE

User ID: 79235785
Netherlands
09/07/2021 05:23 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




...and that was the best the banks could do to it if true. They've lost control; Bitcoin is a virus let loose to the world that will first eat up all the weakest of the 180 currencies in the world and only a few like the USD will still stand.

Seems like the people who created Bitcoin knew the best globally currency killing virus was Bitcoin. When all is done they will have gotten everyone on the same global currency in what appeared as a grassroots rising.

Bitcoin will moon to insane price levels over the next 10 years and beyond!
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 05:24 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 surging newly added jobs numbers are in, Left Them Behind, Biden's IRS Crypto 'Virtual Space' Quasi-Military Task Force.


biden
 Quoting: TerraFirma's Esoterrorist


there is also that aspect to it... i don't doubt, especially with the rush for legislation in the us, they want their cut...
.
.
No clotshot, NEVER!
.
Mad as hell!

.
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 05:45 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
btc bump
.
.
No clotshot, NEVER!
.
Mad as hell!

.
Anonymous Coward
User ID: 46743926
United States
09/07/2021 05:50 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
I saw it too op. Didnt sell because 1) I'm in pretty low to begin with. 2) want to simplify taxes 3) exchanges are pathetically corrupt during high volatility.


The volume was non existent leading up to el Salvador day.


I even knew it would push to 52 from 50 just for good measure.. This morning i saw it still at 52ish and knew it was going down. Didn't expect that big of a drop.


Now i suspect bear market. That was a huge sell.
T-Man
Entitled title

User ID: 78270630
Netherlands
09/07/2021 05:51 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
I saw it too op. Didnt sell because 1) I'm in pretty low to begin with. 2) want to simplify taxes 3) exchanges are pathetically corrupt during high volatility.


The volume was non existent leading up to el Salvador day.


I even knew it would push to 52 from 50 just for good measure.. This morning i saw it still at 52ish and knew it was going down. Didn't expect that big of a drop.


Now i suspect bear market. That was a huge sell.

 Quoting: Anonymous Coward 46743926


glpeffect
Anonymous Coward
User ID: 80556803
Argentina
09/07/2021 05:55 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
Anonymous Coward
User ID: 62951205
United Kingdom
09/07/2021 06:06 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
best display of high time frame ma and fib levels across the board i've ever seen

check out for yourself, fibs from march 2020 low to april 2021 high, absolutely amazing to watch. or the max high and lows for newer coins. fibs hit the mark in crypto most of the time, fibs and orig, schiff, schiff modified & inside pitchfork fibs rule the crypto realm, great leading indicators ever

corn pulled back to the 21 week ema, like in the 2017 crash.
daily 200 ma's got hit for a ton of top shilf alts. one large seller initiated all this imo, or a group of people all using the same sell bots/scripts/algos
JJ Johns  (OP)
J to the 3rd

User ID: 79040165
Switzerland
09/07/2021 06:21 PM

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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
best display of high time frame ma and fib levels across the board i've ever seen

check out for yourself, fibs from march 2020 low to april 2021 high, absolutely amazing to watch. or the max high and lows for newer coins. fibs hit the mark in crypto most of the time, fibs and orig, schiff, schiff modified & inside pitchfork fibs rule the crypto realm, great leading indicators ever

corn pulled back to the 21 week ema, like in the 2017 crash.
daily 200 ma's got hit for a ton of top shilf alts. one large seller initiated all this imo, or a group of people all using the same sell bots/scripts/algos
 Quoting: Anonymous Coward 62951205


have to check this out. what time frame? daily, weekly, monthly? any other confluence?
o was doing some fibs on the daily when i saw the dump starting. cheers

Last Edited by Jay3 on 09/07/2021 06:24 PM
.
.
No clotshot, NEVER!
.
Mad as hell!

.
Don Fibonacci Mafia
User ID: 80621612
Switzerland
09/07/2021 06:34 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
best display of high time frame ma and fib levels across the board i've ever seen

check out for yourself, fibs from march 2020 low to april 2021 high, absolutely amazing to watch. or the max high and lows for newer coins. fibs hit the mark in crypto most of the time, fibs and orig, schiff, schiff modified & inside pitchfork fibs rule the crypto realm, great leading indicators ever

corn pulled back to the 21 week ema, like in the 2017 crash.
daily 200 ma's got hit for a ton of top shilf alts. one large seller initiated all this imo, or a group of people all using the same sell bots/scripts/algos
 Quoting: Anonymous Coward 62951205


have to check this out. what time frame? daily, weekly, monthly? any other confluence?
o was doing some fibs on the daily when i saw the dump starting. cheers
 Quoting: JJ Johns


Daily - from corona dump to ATH

[imgur] [link to imgur.com (secure)]
Anonymous Coward
User ID: 82980630
Mongolia
04/24/2022 02:32 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
hesright
Judethz

User ID: 79555498
United Kingdom
04/24/2022 02:40 PM
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Re: HERE'S WHY BITCOIN DUMPED almost $10,000 today...
spoofy





GLP