Bankers #knew

What if I told you bankers hijacked bitcoin and accumulated millions of coins since they understood it was a threat many years ago with the help of trading firms operating offshore. They are now driving the price to near 0 to shake people's confidence in decentralized currencies.
The target of a descending triangle is the distance, not the percentage. In this case, 0. Be ready to lose everything.

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sorry grandpa, but your aging coin is dying.

cool story bro, zoomers are using eth now. who cares about btc anymore?

That would require them to have obtained all the coins that exist, while also keeping every alt coin at bay as well.

Okay bud, whatever you say.

Private banks actually prefer crypto over fiat. Only government owned banks like the fed and Central European bank fear crypto. Crypto is the final step too a society ruled by technocrats/bigcorp

Lol his target is literally negative digits. Which is why his labels are blurry so no one notices how fucking full of shit he is.

This. The cat is out, no stopping it. Tokenisation of assets barely even started.

Party's over kiddo.
Distance from 12k to 6k = 6k. 6k from 6k = 0. You do not understand the magnitude of the fraud.

This chart is true, but just use a logarithmic scale instead to get something closer to ~2800 as the eventual target.

>government owned banks like the fed
kek, the true /bizraeli

op btfo

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>Only government owned banks like the fed and Central European bank

The level of bluepillism is astonishing. Go back watching dance with the stars you 45iq inbred tardo NPC.

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TA is self-fulfilling. You know there are private trillion dollar+ hedge funds making patterns across all liquid assets and trading the change they set in motion? If you did TA on a stock I own, the chart would look like this. Yet 5.2B in realestate trades for 900m due to market sentiment. You're playing with literal goys in a goy sandpit, spastic.

Ty fren. I send my best wishes :)

No according to Bulkowski book you have to use linear to measure the distance. OGs dont know what's coming. You can't say you weren't warned.

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>his target is literally negative digits
Unironically, yes. pic related, I've been 100x short since 12k. The charts don't lie, we are going negative.

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If you told me that, I’d tell you: you like making shit up. Banks will never buy bitcoin. You lack any understanding of how the financial industry will look in 5 years (hint: it doesn’t include Bitcoin)

I work at one of the largest investment banks in the world and my family manages a large account. I have been to several conferences abroad and domestically in the past three years, some of which discussing DLT. If you said this amongst my colleagues, you’d literally get a response like that image of the white hairs laughing. Bitcoin will be a funny relic.

I'm hoping for $1k bitcoin

simplified chart for you brainlets with updated price target. my initial target was too bullish.

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Of course they didn't buy bitcoin themselves but they did it through offshore hedge funds and trading firms taking all retail money.

It’ll go below $1k this year. I’d say $400-$800. From there it will either have an accelerated demise or some scammers will convince people like OP to buy, creating a bounce, and prolonging the inevitable former.

OK, enjoy shorting to negatives then.

This. I don't think it will literally go to 0 but the highest volume was done below 500$. Let's see how y'all in here for the tech when it goes below 1000$.

>holding a ruler up to a computer screen
This is the pinnacle of technical analysis, by the way.

>to shake people's confidence in decentralized currencies
or maybe it's time to accept that you fell for a meme, boomer

Just stop. No they didn’t. I know this for a fact, you’re making up conspiracies. I’m telling you, Bitcoin is going to return to Silk Road era prices and below. It has already played its role in shaping the future of finance.

And it isn’t banks that are manipulating the price.

you stole this idea from jcho710

he is basically bear on steroids equivalent of bulltards predicting $1M/BTC in few years

Ok smart guy, then please, enlighten us on where Finance will be in 5 years.
DLT has a future, obviously.
So, what is it then?

well that triangle is invalidated already, it clearly broke out smartypants

Jonathan Cho knows what's up. Legit analyst.

nice clean ta user give us your twitter

This. Talking to a 1T+ bank, head of risk, crypto is useless. It's literally mimicking what VISA has in terms of its payments network, only it isn't instant & reliable. Everyone who is someone knows this.

"crypto" may be useful.
May not.
DLT is useful.

I have my theories on what will succeed, but as this guy says his family is in banking, and he knows the future of finance; again, please enlighten us.

no. that account was made to fud crypto by precious metal shills
>b-but they called 3k
of they did. unlike crypto keks they are actually good at TA. they are also lying about the bottom not being in to fud this to the ground and buy more while retards are you are not buying

of course they hate bitcoin. They will tokenize fiat and create a fast secure global thing. Bitcoin is a new form of hard money made to challenge our debt based system

>ok

You're all goy learning to play in the most useless asset class. The solar and automation benefits will bypass each and every single one of you cattle. You ALL would be better off getting a job and earning money, not trying to turn your 5k(Literally more than 90% of this board's net worth) into "trillions" from a digital speculative token. Play with fire, you'll get fucking burnt. Grow the fuck up.

he was a fx trader.
have fun trying to catch the bottom. You will buy at 2k or 1k thinking you made a good trade only to see in crash below and stay there.

he works for this site
kingworldnews.com/

basically stock market and crypto fud and nonstop gold shilling lmao

he works for Travis Kling crypto fund. Legit fund.

Lmao at late adopter cope. Nothing goes up forever kiddo’s you had your chance in 2017 and blew it.

that is funny to me that they work together because his boss is not such hardcore beartard

It’s honestly a bit much to elaborate on here, but there is definitely concern addressed regarding p2p financing and algorithmic supremacy garnered through AI. I am phoneposting right now, otherwise I’d elaborate more.

neat but the threat has already taken on a new form, pic related

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Of course all altcoins will go to zero. Linkies and other digimarines will lose everything.

I'm sure there is. Look at China.
Anyone that even glances at The Economist knows what you're talking about.
Give more if you actually know more.

those digits and nothing??
Biz fucking sucks

vinshu lives in the blockchain.

The banking establishment is cunning at a political scale, but overall they are not that well-coordinated or smart. They have no plan for bitcoin.

Jokes on you my coin is gold.

>AAAAAAAAAAAAAA

start practicing.

You still talking about btc? The moment btc futures were introduced it was doomed. Move on friend.

>tfw no Link futures
....yet

chart gave me a giggle, thanks lad

1 year ago
>institutional money is going to pump crypto
Now
>institutional money is going to destroy crypto

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>buy 1 bitcoin on a trading site
>get 310 dollars deposited to your account
HOLY FUCK WE GONNA BE SO RICH

i believe in your story user,
where to look for more sauces about this?

What if the reality is even sadder than that? What if banks/institutions aren't in crypto at all and never will be because they simply don't give a fuck and they know it'll go to 0 all on it's own? Think about it.....which is more likely?

It's more likely that they gamed a nacent system and played both sides of Bitmex and Tether.

When you can print you own money, whats a few billion ?

That's not entirely accurate.
Ohio accepted corporate tax payments from overstock.com in BTC.

BOOMER COPE:
>B-BANKERS KNEW... HE HE... T-THEY WOULDN'T LET MY SAVINGS GO TO ZERO...H-HA HA... T-THEY BOUGHT BITCOIN F-FOR SURE!

YOU
ARE
GOING
DOWN
WITH
THE
FUCKING
SHIP