Let us give thanx to the Fat Cat Titans on high who hate on Bitcoin and use their dubious influence to knock prices down creating tremendous buying opportunities for Bitcoin lovers.
Jawboning is the only tool left for them to manipulate Bitcoin; as yet there are no Futures markets where they can dump "naked shorts" (sell orders of product they do not own), like they do the gold and silver markets. But if they so choose, and it seems likely, they can buy up the market and try to whipsaw the Little Guy out of the market...
It seems a bit laughable that the Crypto World would give any credence to Jamie "Demon" Dimon. However, recent Communist Chinese announcements and the closing exchanges in China helped do a number on the price of Bitcoin in the first week of September 2017 sending it down to about $3,900 in change.
Interestingly enough, Dimon's J.P. Morgan, (the infamous financial pirate of the 20th century), subsequently bought Bitcoin on a Swedish Exchange for its clients. Coincidence? Presumably, this is being investigated by Swedish authorities
Now Ray Dalio of Bridgewater is making noises stating that Bitcoin is
“not an effective storehold of wealth because it has volatility to it, unlike gold.”
Well, imagine if Gold and Silver were not manipulated on the Futures markets by Bullion banks to protect their Wall street clients: Tech giants who depend on low gold and silver prices, the case might be otherwise.
Regardless, these sham explanations serve only to discredit these modern day Robber Barons.
Bitcoin has a tremendous future as the future of money and banking...and we're in it for the long haul....keep talking fellas, the night is young!
Good post
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