serious bitcoin
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April issue of Serious Bitcoin for 2013 a Newsletter produced by https://seriousaboutbitcoins.comTRANSCRIPT
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Seeing Bitcoin Red And what you can do about it!By William Mook
So, if you’re like most people,
you bought bitcoin at $100 to
$200 and now its trading in the
$50 to $80 range and will likely go
lower! NOT GOOD!
It’s important to remember
that this bubble was engineered!
We saw it coming about sixteen
days ago. Someone pumped in an
extra $100 million per day for
about two weeks, regardless of
price, and then dumped them all
at a huge loss in about six hours to
bring about this panic.
The news media jumped on
board, and helped spread that
panic, in an effort to make
everyone a seller of bitcoin.
So, what do those who are
serious about bitcoins do? As
Douglas Adams says, DON’T
PANIC!
If you followed my advice
you got out above $200 and are
now sitting on cash at Mt. Gox. If
not no worries, I will show you a
way to break the manipulation of
bitcoin, stop the banksters in their
tracks, and earn a lot of bitcoins
for your trouble.
Let me share with you what I
did and what I’m doing now. It
will give you the idea.
I bought 200 btc in January
at $10 each. I sold 200 btc last
Thursday for $250 each. I used
this cash to buy 400 btc at $125
each. So far so good.
Now, when btc fell below
$100 - I sold half and got
$20,000.
So I had my original btc
purchase plus $20,000.
This came from the
manipulators of the market.
Now it looks like it might go
to zero in light trading. What do
do? BUILD A STRUCTURED
BUY LIST.
What’s that?
I have $20,000 - so, here’s
what I do;
buy 200 btc at $50.00
buy 200 btc at $25.00
buy 200 btc at $12.50
Bitcoin crash illegally engineered by major banking interests and media spreads fear of bitcoins calling for their regulation.
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200 btc at $6.25
200 btc at $3.125
200 btc at $1.5625
200 btc at ...
You can see what’s going on here! As the price
of bitcoin goes to zero the number of bitcoins you
acquire goes to infinity.
This is just the inverse of bitcoins going to
infinity! That is, when bitcoins are going to infinity,
you can get an infinite amount of cash with a finite
number of bitcoins. When bitcoins are going to
zero, you can get an infinite number of bitcoins with
a finite amount of cash. Who does this benefit?
Those with the ability to print cash! But it costs
those who try to manipulate the market each time
they do it.
By putting in a structured BUY list like the one
described, no matter if its 2,000 btc per 2 btc per
tranche, you build a wall against bitcoin going to
zero, and you transfer huge money into your pocket
from the pockets of the manipulators!
We already saw that by watching the market
and catching it at $250 - a lot of money was
transferred into your pocket. Let’s see what might
happen this weekend.
Say bitcoins drop to $5 each this week end.
That means my holdings will be 1,000 btc. Now,
when bitcoin rises again to $200 level, our line in the
sand, we become SELLERS of bitcoins.
That is, at $200 I sell half of my 1,000 btc - or
500. This earns me $100,000 each time I do it. As
bitcoin rises to infinity (the inverse of it going to
zero) I throw off $100,000 each time they double -
forever. Of course nothing lasts forever.
So, what do we do with the money?
We keep it in our trading account to weather
the next attack, drawing our line in the sand at the
next high. Transferring more money each time we
do it! This way we inch forward against banskter
manipulatiuon until we reach $500,000 level which
is the appropriate level for bitcoin, and the price at
which bitcoins match fiat currency, and true
competition returns to the markets.
So, now you have the formula!
USE IT!
Good luck and good buying!
And remember...
What doesn’t break bitcoin makes it stronger!
“No bank among the top tier can be
allowed to fail. Systemic risk costs are
not priced into their capital or collateral.
A ‘super spreader’ tax of 40% has been
designed to reduce these losses.”
Sheri M. Markose, Professor Economics University of
Essex, UK, IMF White Paper 282, June 2012.
Criminal Manipulation of Bitcoin PriceAnd what you can do about it!By William Mook
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Engineered Crash
An extra $100 million per day entered into the market for 14 days. That $1.4 billion worth of bitcoins was dumped on the market at a huge loss over a six hour period which precipitated a crash!
Bitcoin is subjet to this sort of manipulation until it reaches critical mass.
Knowledgeable buyers can transfer this money to their pockets and make bitcoin stronger by not panicing and structure bitcoin buying when these move downward.