Lockstep Cryptos
As I was clicking through the four main cryptos available for purchase on Coinbase, I realized that the graph of each one looked nearly identical, so I decided to record my screen where I'm just clicking on each one left to right and then back.
It's pretty amazing just how in lockstep these four cryptos—Bitcoin, Bitcoin Cash, Ethereum and Litecoin—really are. From the graduating decline, to the dip, the near straight up shot and each peak from there, the graphs look incredibly similar.
Almost as if they were exactly the same coin.
▶️ DTube
▶️ IPFS
So what if AI already exists and is self aware since 2008/2009 and created bitcoin as open source as a way to incentivize humans to create worldwide blockchains that will enslave the human race? Haha...
Seriously though there is an unnatural pattern to the rise and fall of bitcoin and other cryptocurrencies and even the Dow Jones, don't you think? I mean, this pattern with bitcoin has happened multiple times before.
Someone's taking us all for a ride, that's for sure. I know nothing about any of this but if Bitcoin isn't the greatest pump and dump known to man, I don't know what is. There's nothing that I can think of that has risen so fast and so high and then falls 50-90%. As far as I'm concerned, that's not the tale of a currency that's anywhere stable. I can't even believe there's companies accepting bitcoin. You'd have to be adjusting your prices by the minute. :)
Yeah I noticed the same thing earlier today but today has been bloody across the board especially for the Dow Jones, I think (my opinion) these movement's origins aren't from the crypto space per say but are the effect on the crypto space from outside actors.
It's been quite a sell off for all kinds of investment instruments, especially the last 24 hours or so, hasn't it? 2.5% drop for the Dow, Bitcoin falling below 9,000. And yet, if you look at where everything was six months ago, there's still a lot of amazing gains. Bitcoin was at 2,728 on August 2, 2017 and the Dow closed just over 22,000.
That was really crazy, man. It's almost like they're on to us. :D