Buyer Beware: Current Bitcoin Trading Volumes Support $25,000USD at best – July 29, 2021

As I like to point out, there are a lot of billionaire investors getting involved n Bitcoin and if you’re a small investor, make sure you’re following the data, don’t even take my word for it, do it on your own. Don’t trust these so-called Bitcoin gurus many of whom are already overleveraged, I’d like to remind the reader and maybe you’re one of them, a lot of people BORROWED US dollars to purchase Bitcoin, so they’re incentivized to prop up the price.

 

I’m not anti-Bitcoin by the way, I look at Bitcoin as a great educational tool for people to learn about the corrupt financial system we have today. But many of you are buying Bitcoin to flip it, and those of you who do this, worry me the most because you’re the type of person who will run to a politician like Elizabeth “Pocahontas” Warren to regulate Bitcoin.

I’m reading more and more about all of these low lifes asking the government to regulate Bitcoin so they can invest in it? Transaction fees are already high now, they’re attempting to make Bitcoin a tool for the rich and powerful to have an even tighter grip on humanity and many of you are looking for US dollar gains on your Bitcoin are too stupid to see obvious.

The current price of Bitcoin doesn’t match the prior fundamentals that supported it when it was at a similar price in January or February. This is why this theory that there’s a “perfect money” is flawed, money is nothing more than a convenient form of barter and bartering is subjective. If I’m hungry, or my wife is telling me the kids need food, I might be forced to sell my silver at a market loss.

Manipulating the price of Bitcoin will destroy its ability to discover prices, furthermore, it will stunt its growth as developers will inevitably focus on the wrong things. You don’t need any Bitcoin guru to tell you what’s glaringly obvious at this point.

Interesting times ahead!