Prices are about to drop like a rock

in #bitcoin6 years ago

https://www.financemagnates.com/cryptocurrency/news/us-justice-department-begins-criminal-investigation-bitcoin-manipulation/

As the US Justice department gears up for its newest round of hatred towards crypto currency we can all rest assured that this will be a solid hit to us all. With that being said DO NOT PANIC.

As your senior financial advisor I highly suggest the age old strategy of HODL what you have and buy at the bottom. Also once it starts going up like a rocket don't buy in expecting massive profits. You have already missed your mark.

So buckle in and get ready to ride out the rest of the storm that 2018 promises to be. We can weather the storm together.

If you are new here go check these guys out over at @newbieresteemday on here and discord also @thehive on here and discord.

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My ex works for the Feds
He’s a tool just like most government employees!
I would bet all bitcoin they screw up and don’t even over regulate right.

I think we will get along fine.

I agree!
I think the government will screw up trying to screw up crypto🤣

I am not so convinced the USA can bring the price down, there are far too many countries embracing cryptos, and the road into most of them is via btc, so no matter what they do, it is a losing battle.

Oh our government is only good at 1 thing and that is fucking stuff up. Between this and the stuff that just happened over in India the other day that caused a substantial drop across all crypto markets. Gonna be rough waters for a little while, but we just have to ride out the storm.

That goes for all governments, there is not another single institution in the world that is so ineffective and laborious as government, I can make a staircase as you can for $100, they would make the same one for $1500 due to the administrative bs they go through to get it made, and they would take 6 months longer to bloody build it.

Preach on. There was a guy here that built a handicap ramp at a place with his own money, the government then came in and tore it down, after much public outcry they rebuilt it and it cost almost 100,000 tax payer dollars to rebuild it if memory serves me right. Ridiculous !

I read about some steps in a park once, the government were thinking of building, only around 10 steps or so, so some guy got fed up of waiting and built them for not a lot at $550, of course the government ripped them out, and fitted some for $65,000.00 instead, yes truly ridiculous.
http://www.thedailysheeple.com/man-builds-park-stairs-for-550-after-city-gives-65000-estimate_072017

Prices are about to drop, but that was also true yesterday and the day before. News like this (or any news, really) will not cause a drop, however it may catalyze a selloff that's already in the cards.

Hola amigo muy bueno activo con tus post señor :)

Gracias Señor.

Oye que bravo amigo,Solo tienen que salir de esa feroz tormenta. Usuario en español te escribe desde Venezuela, saludos. @doomsdaychassis

I have Bitcoin & Litecoin. I may buy some Ethereum. Not sure exactly how many other coins I may try or study. But my first love is for Bitcoin of course even in the mist of the Bitcoin forks and everything. I've been on Steemit and Bitcoin since 2017. Still learning.

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