BTC - Do you think that flash crash was a test ?
Updated
BTC - Do you think that flash crash was a test ?
If you did not notice there was a little flash crash today.
I have seen these little test crashes before the big crashes like someone is testing a system.
Maybe they were trying to smash it today and the good Goldman Sachs news ate up the dip or it was a test or signal of things to come.
If these big funds are buying BTC in bulk they must do it everyday which keeps a even stable pressure on the price.
BUT
If they stopped buying for a day or so, like over a holiday weekend, like this weekend the sellers of the current high price who bought bitcoin last March at bargain basement prices could sell it today for a major profit and pay the lower long term capital gains rate.
Now consider that APRIL 1st is April fools day.
It also will allow the funds to buy cheaper bitcoin when they come back from the Easter break as they are putting it on their purchasing schedules so they sell it to their clients once Goldman and others allow their customers to buy BTC.
I will post the BTC monthly chart below and you will see we have had 6 months in a row of green candles.
This has not happened for many many years, there usually is a red monthly candle in there somewhere, and we have yet to see one.
Personally I would love to buy BTC for under 50K one last time.
This is not financial advice it is more of a conspiracy theory than a sound financial plan.
Enjoy your long weekend people.
I will be adjusting my Altcoin buys to a much lower price just for the weekend because - hey, why not.
Then back to Dollar cost averaging next week.
If you did not notice there was a little flash crash today.
I have seen these little test crashes before the big crashes like someone is testing a system.
Maybe they were trying to smash it today and the good Goldman Sachs news ate up the dip or it was a test or signal of things to come.
If these big funds are buying BTC in bulk they must do it everyday which keeps a even stable pressure on the price.
BUT
If they stopped buying for a day or so, like over a holiday weekend, like this weekend the sellers of the current high price who bought bitcoin last March at bargain basement prices could sell it today for a major profit and pay the lower long term capital gains rate.
Now consider that APRIL 1st is April fools day.
It also will allow the funds to buy cheaper bitcoin when they come back from the Easter break as they are putting it on their purchasing schedules so they sell it to their clients once Goldman and others allow their customers to buy BTC.
I will post the BTC monthly chart below and you will see we have had 6 months in a row of green candles.
This has not happened for many many years, there usually is a red monthly candle in there somewhere, and we have yet to see one.
Personally I would love to buy BTC for under 50K one last time.
This is not financial advice it is more of a conspiracy theory than a sound financial plan.
Enjoy your long weekend people.
I will be adjusting my Altcoin buys to a much lower price just for the weekend because - hey, why not.
Then back to Dollar cost averaging next week.
Note
6 green candles - just like the movie - oh wait ...
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