RE: What will happen to BITCOIN if this happens? Big Picture Emphasis using Elliott Waves

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What will happen to BITCOIN if this happens? Big Picture Emphasis using Elliott Waves

in bitcoin •  7 years ago 

Hi Haejin

Really like your posts and have been following for the last two months learning alot. I have a theory which could lead to the massive crash at the end of wave 5. What do you think of massive profit taking at the end of wave 5 causing something like a USDT credit collapse? A correction of such magnitude where people are liquidating their tethers at an insane rate causing a collapse of exchanges, it seems like the cracks are starting to show with all the bitfinex scandals and it seems like with more money flowing through crypto it seems like its only just a matter of time before the volume exceeds what exchanges are capable of and everything just implodes on itself?

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Nice one! I'm thinking that maybe the SEC/Central Banks will put out a concerted retaliation.