Simply put, time is limited for Crypto. I expect another bear swoon maybe as soon as this Summer. The counter to this is Bitfinex and Tether will pump BTC in one last glorious exit pump, dumping at a peak on retail noobs conditioned to HODL. This will be the last hurrah.
Bitfinex implicated in a 850M fraud on April 24.
800M tether printed since April 24. This is fine.
— Coinspeak (@coinspeak_io) July 13, 2019
Regardless of timing, there will be a massive cleansing of Crypto.
I called this BTC ponzi pump as it happened:
BTC is the Lehman Brothers of crypto.
— Coinspeak (@coinspeak_io) June 24, 2019
Don't forget, this BTC pump got started because of an April Fool's joke.
BTC jumped 21% in one hour to break $5k. Fuel to that fire: 300 million in fresh Tether.
This is fine.https://t.co/5EG5bPzd5G
— Coinspeak (@coinspeak_io) June 26, 2019
I wasn’t the only one:
BTC is the Fyre Festival of crypto.
— Warboat (@warboat1) June 26, 2019
This tweet was near the current BTC top:
Current day chart.
Could run quite a bit more, but don't get fooled. This will come back to earth hard. pic.twitter.com/owQlCOKLBy
— Coinspeak (@coinspeak_io) June 26, 2019
This call on BSV paid off well if you took it at $57. Within weeks it hit $240+ and is now sitting around $160.
I don't see how the BSV news could get much worse and support did not break. If you were looking for a moment to add this seems like it.
BCHBSV and BTCBSV ratios also at ATH. pic.twitter.com/xsAmzZBdkJ
— Coinspeak (@coinspeak_io) April 17, 2019
So how does this end? All the shitcoins, including BTC, with their broken economic models, experimental blockchains and “second layer” solutions will fail. This may take a year or more but it will happen.
Only one coin will survive.
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