Channel "The Eye of God" or a horror story for bitcoin holders.
I understand it looks intimidating - but if it turns out true, the lucky ones will fix the maximum profit of $ 10900
and give up the buy and hold strategy for 2 years.
And the time will come for those selling in the short - for a long time
At a certain point, the process reverts. buy-blocks are removed and price drops. This swing is going on for a few days now, and giving substantial profits for those who ride it.
I'm quite convinced something is trading with itself pushing back-and-forth(just like a kid doing on a swing)...
If it has something to do with the Futures (make them very attractive...) I don't know, but we will find out soon. Inthe meantime, whoever is on this runaway train, don't forget to jump off before it crashes. It will be huge.
I believe in the psychological barrier of 10k everybody wants BC to achieve, but imho it's impossible this finale can be pushed by real people with real money in only one go (and only two days!) without correction levels in between.
This looks like a giant pump/wash but for some reason everybody seems to ignore it. Even the press is still writing this is a final proof of mainstream adoption, but I don't think so... It's a self-sustainable system and no influx of USD is needed to maintain this. Transfer back and forth between USD and BC gives more gain then the costs of the fees.
I wonder how long this can be maintained before someone stops it (if it even can be stopped, what makes it the downside of an unregulated system. It's inherently shielded).