Bakkt to Lead Bitcoin Recovery, Feb 2019 ETF Denial Crashes BTC

supercrypto1 (50)in #bitcoin • 6 years ago (edited)

Double Whammy

Different tools will be "found" to keep the Bitcoin under "check" (Tamed)

If you thought regulation has taken a back seat, it has not. The SEC has not forgotten or overlooked the ICO space, and a wave of regulatory action is coming, believes Alex Sunnarborg.
Bakkt will lead the recovery of Bitcoin throughout 2018 and the first quarter of 2019. But, Krüger explained that the rejection of the Bitcoin exchange-traded fund (ETF) filing of VanEck, SolidX, and Chicago Board Options Exchange (CBOE) will lead to the crash of Bitcoin, possibly back down to the $6,000 support level and in worst case scenario, to the $4,000 region.

https://www.ccn.com/bakkt-to-lead-bitcoin-recovery-feb-2019-etf-denial-crashes-btc-analyst/

https://www.coindesk.com/the-incoming-wave-of-ico-regulation-yes-its-coming/

Read this if you have any questions about my Pessimism or Bearism

Bitcoin: The 9 Inning Game for the Elite

Most people get confused about my Bull and Bear Tweets, Please DON't. I have been absolutely consistent in my position on bitcoin since Nov-2017, I always mentioned - Bitcoin is a 9 inning game for the Elite. Currently we are in the 3rd inning. This is how it is being evolved.

Read this before you start screaming "Beaaaaar" 😄😄

Why Am I Buying ALT Coins?

Inning #1: The Moon Phase into the Futures - 2017

Bitcoin Run: 2K to 20K. Everyone experienced it and I don't need to explain this phase.

Inning #2: The CRASH phase after the Futures - 2018

No one believed this will happen despite me ringing bell at the top. IT DID!! Now everyone believes it's a natural correction. Good luck with that! This is just the 2nd inning.

This is how it was carried out:
Cartel Strike #1 and #2
Cartel Strike #3

Inning #3: Fractional Reserve Bitcoin

If I am right: This is going to be the longest inning, Few Years.
There will be MANY RALLIES in this inning
The goal of this inning is to increase the Bitcoin supply & the volume on the futures market. Worst thing ever to happen to Bitcoin.

Read following posts before getting mad at me for saying "Bitcoin supply will increase"

End of 21 Million Bitcoins as you know it
Futures Markets: Volume harmful for Bitcoin

Innings #4 to #8

Many possibilities here. It is too early to talk this. Depending on when "They" lose control we may go to inning #9 straight away.

Inning #9: Bitcoin, Gold, Silver Will moon

The Game ends when "They" lose control over the Markets. The Paper Ponzi ends….Bitcoin, Gold, Silver moons. Be warned this phase may also include societal collapse. Look at Venezuela - Gold and Bitcoin have mooned. Are people happy about that? Probably not. Both the assets have worked as an insurance.