January 17th, 2018 9:00am
On November 14th Bitcoin started to (BTC) rise from $5000. It reached $20,000 on December 18th. This created the biggest bonanza the world has seen since the DOT.COM boom/bust just 17 years ago. The market has never seen such a darling. However, with every moon-shot, there is a bust as described in this article.
Within 30 days of the CME futures offering BTC plummets to it's new low of $9k and change. Coincidentally by January 17th the CME "short" futures contract are due. Those who invested in the BTC short futures positions made out like bandits.
And bandits they are.
Reader, is this not thee most obvious proof of insider dealings? We have learned that the bankers of the world hold the card deck, deal the cards, and play the hand. They are thee most crooked players on the filed. The field belongs to them.
It is the position of this author that the BTC bonanza was created by the banksters buying up millions of BTC's as they knew the futures options on the CME would be available months before it was announced.
BTC mooned to $20k as seen above. They bought this knowing full well that they could control the market at their will by suddenly buying and selling BTC. They bought and it rose. They sold and it plummeted.
As stated above a futures contract can be purchased on a "short" position. This means they are betting BTC will drop within 30 days. They stand to make untold fortunes at this level of playing. Millions of BTC were flooded into the market dropping the price drastically over 30 days. This was all by design.
The obvious question is who did they sell to? If they sold on the cheap they would have lost. This is common sense. However, this day and age there are bots that can be programmed to buy or sell to a predetermined algorithm. With this technology all one needs to do is dial in the parameters and set the bot free to buy and sell minimizing the loss while maximizing gains.
Months before the CME futures contracts would begin, on September 12th 2017 JP Morgan (largest bank in the USA) CEO bankster and former Federal Reserve director Jamie Dimon (worth $1.1B) stated "Bitcoin is a fraud". "It's just not a real thing, eventually it will be closed". On January 9th Jamie Dimon regrets his "Bitcoin is a fraud" statement publicly.
Why the reversal?
BTC had just doubled in price to $4500 from 45 days previous when the "BTC fraud" statement was made. BTC fell to $3600 just days after the proclamation. This is where BTC took off though. On September 22nd BTC mooned from 3600 to 20k in less than three months.
Just days before the first CME futures contract is due, on January 15th 2018, Goldman Sachs formally recognizes how cryptocurrencies such as BTC could act as global money. A report was sent by Zach Pandl, a Goldman Sachs analyst concluding that "in time, cryptocurrencies will mature and will become a major asset class, becoming even better than gold and other assets of this kind". This is the same sort of back pedaling Jamie Dimon resorted to as Pandl condemned late last year the overall cryptocurrency market stating it can be regarded to as a "classic speculative bubble".
The banksters have spoken. The market has crashed. Untold millions have been made on this day January 17th, the final of the first 30 day CME futures short trade on BTC. All this while the common man who dumped his savings account into BTC is broke.
This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us. This is what the banks are doing to us.
The banksters have discovered how to beat the cryptosphere and play it against the market for their own gain. Once again people, our leadership and it's parasitic nature.
Trust me when I tell you that gold, silver, NASDAQ, CME, DOW, SMP, all of it is insider trading manipulated by the banks with impunity. Laws are made to rule the citizens, not the oligarchs and their cronies.
Follow T3 on facebook.
©2020 T3 – TELL THE TRUTH