IMAGE SOURCE : PIXABAY
Yes, I smell a conspiracy against bitcoin. Not just a small but a big conspiracy against it. That too a well planned, well executed and strategic conspiracy.
As you are all aware that the bitcoin price has come crashing down. It has crashed to almost 6700$. I don't know how much further it will fall. I just hope it does not. I feel like there is a conspiracy behind this fall. Some body wanted to short it intentionally to remove the interest of people from it. This is why there is FUD after FUD and another FUD after FUD. I think that banks and government might have found this currency as a threat to their monopoly and might have decided to end the competition. In this article i will be sharing the reasons why this is and why i feel like it is a conspiracy. I will be sharing with you only the points that have come to my attention. There can be other points too, but there is a chance i may have come to know only about a few. I will be arranging all of these in points.
1 . SOUTH KOREA:
SOURCE: PIXABAY
To me the first FUD came from South korea. There could be some other country too but in my knowledge it was south korea to begin in these last 2 months. News started to come from there that some politician's were saying that it is corrupting their youth. Then we started to hear from them that they are going to close all exchanges and ban bitcoin. Later it did not happen like that, but this created a FUD and from here a slow decline started. For me this is the step strategic step the world establishment took against bitcoin.
2 . NEWS MEDIA:
SOURCE: WIKIMEDIA COMMONS
Media comes to me at number 2nd spot. Why because, media is a slave of establishments. Their master's take the first step and then they follow the suit of spreading the propaganda. And so they did in case of bitcoin. They helped governments create a fear in common folks against bitcoin. There are some people who still believe in media wholeheartedly. Media is controlled by government. Many politicians have investment in media and also in banks. So, it is natural for them to attack bitcoin using one of their investment (Tv and print news) to protect another investment(Banks).
3 . BITCONNECT:
SOURCE: WIKIMEDIA COMMONS
I know you are asking why bitconnect is here but since we are talking about bitcoin conspiracy, lets go full throttle. I think bitconnect is also a part of grand scheme of things. Although i 100% don't agree with this myself but still i will put it here to give your something bizarre to think. What if the bitconnect was a conspiracy from the start by the government to make people lose money, eventually losing faith in cryptocurrency along with it. Right now it feels like one of the cards in this particular domino effect placed in such a position that it helps crash the market further. Actually it look exactly like that. When the crash of bitcoin started, texas sends them cease and desist letter and they close their lending platform. Now you see how it fits into grand scheme of things?
4 . CHINA MINING BAN:
SOURCE: WIKIMEDIA COMMONS
I don't know how much damage it had on the market but i think it was a well collaborated news from china at the right time. This was yet another card placed at a right position in current domino effect.
5 . Thether:
SOURCE: COINMARKETCAP
I don't know if this really should be here or not but tether was also responsible for bitcoin crash some days ago. What if tether was planted by the government to crash the market. They were sent subpoena way earlier but the news media published it right on time to further add fuel to the fire.
6 . INDIA:
SOURCE: FLICKR
From government giving very diplomatic statement to intentionally misleading statement(interpretation) from media to mass panic, all are part of this. This is where the major crash started. It was like a big wicket fell. Yes, India is a big into cricket and i think this example suits best here.
SOURCE: PIXABAY
7 . CREDIT CARD BAN:
SOURCE: PIXABAY
Right after FUD from India, it was US credit card companies that took the major step. They banned purchases of crypto using credit card. This further added fuel to the fire and added to the crash.
8 . CHINA AGAIN:
SOURCE: WIKIMEDIA COMMONS
Right after credit cards, China followed suit. It added international exchanges to its big firewall causing further crash. A crash so bad that it took bitcoin price way below 7000$.
CONCLUSION:
Since all these events happened one by one it feels like a planned conspiracy to me to take down the bitcoin and crash it beyond recovery.
Please add your opinion down in the comments. I would love to hear your opinion.
