Illuminati Banksters Manipulating the BitCoin Market with Bitcoin Futures?

in #bitcoin7 years ago


DTUBE Version Film Summary

In this short live rant I go over how the banksters are once again up to their usual tricks, and now they are likely manipulating the crypto currency market, especially BitCoin to benefit the futures derivatives. It seems fishy to me that the futures launched Dec 11th, and since Dec 16th we have seen nothing but drops in the price of BTC despite seemingly more people entering the market.

I have seen the charts showing that every January there is a dip in the price. A dip, now a 50% reduction for a month straight. This recent drop is more than just issues in China and South Korea and the annual January correction. I think this shows that the banksters are manipulating the BTC price now for the first time, buy buying and selling to make profit on the gains and losses. One example of this was JP Morgan stating that BitCoin was a "fraud" a few months back while at the same time they had people within the company buying BTC up as the price dropped. I think the charts below show that it is mainly thanks to BitCoin Futures that we are now seeing the banksters start to manipulate the price.

btc futures.jpg

This three month chart shows exactly how the price shot up, BitCoin futures were launched, after five days of people being able to invest in BTC futures, the price of BTC has been on a downward trend since. When BTC drops, so does everything else in the crypto market because basically most the other coins require bitcoin to purchase them on the more popular exchanges.

The longer you plot the chart out, the more obvious this is...

btc futures 1 year. .jpg

Solution: I smell bankster collusion and manipulation at play driving the price artificially low. I say HODL and buy low.

Links:

Charts are screenshots from CoinDesk: https://www.coindesk.com/

BTC Futures launches: https://www.cnbc.com/2017/12/10/bitcoin-futures-set-to-trade-on-cboe-sunday-evening.html

BTC Futures and threat: https://www.coindesk.com/threat-bitcoin-futures/

BTC Price chart came from: https://www.coindesk.com/price/

@SGTReport on this: https://www.youtube.com/watch?v=8JZmuOVaMjQ

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Upvoted for opening with the new YTCracker jam ;D

I think their plan is to short Bitcoin to death, but I think it will backfire in epic proportions!

dtube is realy great adding in steem network

i will not say i agree with you but the dip was fishy from the word go, how can it drop from $20000 to $9000 in just 2 weeks, am HODL on all my coins as we see the market stating to rebound again

If folks would realize that NO BITCOIN is being traded in the so called BITCOIN futures market it would not manipulate anything. These are not futures contracts for actual BITCOINs to be purchased in the future. they are BETS on what the price of other peoples bitcoins will be worth in the future. these are cash settled BETS based upon the average price from various exchanges where people actually do OWN BUY AND SELL crypto. AGAIN PLEASE: These contracts to not bind anyone to either buy or sell any bitcoin ever. it is a farse

could likewise needs to do with bitcoin being futile the most recent month? Furthermore, for what reason would anybody purchase bitcoin when entering the market now, I think instruction is making up for lost time and shrewd cash goes somewhere else.

Wallstreet games everything. They have every incentive to do so with dollar alternatives such as crypto and precious metals. It might be an urge to fight back by buying more, but just remember how the bankers have crushed gold and silver bull runs in the past. Not pretty. Smashing Silver down from $50 to $20 in a matter of months.

could also has to do with bitcoin being useless the last month? And why would anyone buy bitcoin when entering the market now, i think education is catching up and smart money goes elsewhere.

Add some manipulation and boom it goes sideways

I wondered this too. You are the only one I've seen say as much. I agree.

This post has been deemed resteem & upvote worthy by your friendly @eastcoaststeem ran by Steemian @chelsea88