Everything is going down, and there are rumors everywhere on the internet that Bitcoin and Crypto are manipulated by the banks as they have extreme power and the ability to create money. It was confirmed by Jerome Powell. He also agreed that the central bank flooded the system with money. You can watch it here.
I want to add to this topic as well. So, let's be honest: if the banks want, they can destroy Bitcoin immediately, and they can use different methods to achieve it. But, for example, they can perform a 51% attack on the network. If Bitcoin is the enemy of the banks, why are they keeping the network alive? It's simply because they don't want to destroy Bitcoin and want to keep it up and running. In other words, they like Bitcoin. They can monitor all transactions on the blockchain, which is a very transparent way to avoid criminal activities, and what's more, you can monitor it too! I like it!
Bitcoin was created by the banks, and in my opinion, that's true. You started to like Bitcoin only because the price went up in recent years, not because of the technology. That's a red pill. If the banks introduce a new currency called Bitcoin in a classic way, you will most likely say it's a scam, and you will never want to use it.
So you should stop saying I hate banks; I like Bitcoin. By saying I like bitcoin, you are saying I like banks! 😀 There is nothing wrong with the Banks, they do what they are allowed to do, their behavior is clearly tolerated and accepted by higher dimensional power.
A lot of people know that Bitcoin was created by the banks to bring a new technology to humans. It's everywhere on the internet if you search for it. Also, Elon Musk revealed it for you in this picture. So they want you to know.
Bitcoin is slow; it does only a few transactions per second. Fees are very high, so it's not usable for daily transactions such as buying water or meat in the shop. But one day, when the banks decide to improve the Bitcoin network, it will be able to handle millions or billions of transactions per second. But right now, the banks do basically zero updates for Bitcoin, as it's too early.
In this article, I really didn't want to say that you should stop investing in Bitcoin at all. The opposite is true; rather, buy as much Bitcoin as possible and avoid altcoins with high market caps, as it's risky. You want to take advantage of the bull market on BTC in the next 30 years.
Let me know in the comment section what you think about Bitcoin and Banks. I look forward to your comments!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Thank you, and for more ideas, hit "Like" and "Follow"!
Note
Falling wedges are generally bullish patterns, but they should occur at the bottom of the trend. This falling wedge is clearly after a huge pump, so there is even higher probability of breaking down! Or a small small pump (fakeout) above the trendline and massive dump.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.