All markets are heavily manipulated
Here it is, the 12th edition of The FUD, where I talk about the biggest FUD of the week. I help clarify events that crypto twitter decides to escalate. Leggo.
This week we had Pizza day, meanwhile, CSW and Sun are being trolled. Note: The photo above is of the actual 10,000BTC Pizzas, that single pizza you are looking at cost $44MM USD in today’s money. What a time to be alive.
Bitcoin Pizza Day
On May 22nd 2010 the first bitcoin purchase happened, 2 pizzas for 10,000BTC. That was the day Bitcoin had a price.
A decade later and Bitcoiners all around the world celebrate the occasion with pizza. It’s become a tradition. On May 22nd we all eat Pizza.
While 10,000BTC seems like a hefty price now, we need to remember the significance of this transaction as the day Bitcoin had a market value. On this day we discovered someone is willing to pay $20 for 10,000BTC. 10 years later we are willing to pay $9,000 for 1 BTC.
Udi teaching Sun Engagement
Justin tried to troll Vitalik this week about Ethereum 2.0, essentially he was asking which is better, Ethereum 2.0 or Tron 4.0.
Instead, he got trolled, his engagement proved to be fake and many accounts initiated a troll attack. Udi being the kind soul he is wanted to help put, teaching Sun how to effectively. boost engagement.
A short story 🤷♂️ pic.twitter.com/KwymCC7EJX— Udi Wertheimer (@udiWertheimer) May 26, 2020
Justin had the bots boost the responses, but it was too late.
Tron > Ethereum pic.twitter.com/UBnqPuwgtu— Udi Wertheimer (@udiWertheimer) May 27, 2020
While I agree with CSW being a fraud, I do not think Justin should be speaking on this, I mean, we all know the saying about glass homes and stones. Note, Udi agrees later the Vitalik is at least moral and was one of the first to publicly call Craig a fraud.
Also, when did Tron get to 4.0? did not even know there was a Tron 2.0.
People seem to forget all markets are manipulated
We talk about crypto being manipulated, filled with scammers and insider trading. Well I just think its important to remember so are all other markets.
It’s almost hard to believe some people think this game is rigged. pic.twitter.com/ZmM1no6BIb— Nathaniel Whittemore (@nlw) May 26, 2020
The thing is, in any market, there is an incentive to be corrupt. As such in every market, there are countless corrupt players.
I think it is highlighted more in our space because of it’s small size, could probably be due to the lack of sophistication. But regardless, all markets are manipulated.
Craig Wright is Losing it
Craig is being hit hard this week, the onchain message claiming CSW is a fraud. has sparked controversy. One of the addresses CSW claimed to be his signed an onchain message calling out the fraudster. The drama hasn’t stopped since. People have been analyzing the message, and patiently waiting for CSW’s response, clearly, he is tilted right now.
It did not stop there, internally within the BSV community there has been more drama, it seems they may be waking up, even his sister is calling him out now. The blatant lies can’t last forever no matter how hard you try to believe.
Craig is losing it. Holding on by a thread. Hes even falling out with his own sister in their circle jerk metanet chat (i highly suggest you find a way in, comedy ensues). CC @MyLegacyKit @MrHodl @StopAndDecrypt pic.twitter.com/hPtviEsWUA— linkd (@thomcanterbury) May 26, 2020
CSW is a net negative to the space. He must be removed.
As we discussed on Whisky & Wicks last week, I am short here, while my original thoughts outlined a $68XX retest I think $7800 will hold.
My shorts begin to close around $8200 and my buys are set all the way to $6800.
I think this is it, the final break down before we embark on a mega moon mission. Again, I am always holding spot bitcoin, I don’t sell, my shorts hedge my position.
Alts have been having a lot of action against BTC this week and I have been enjoying that to stack sats.
Hope you all enjoyed the update, follow me TheBitcoinaire and MineDigital on twitter and medium to stay updated on The FUD and Whisky & Wicks. For the best rates in Australia guaranteed use. Mine Digital. Mine Digital also has insured custody so don’t worry about your funds.
Please note this is not intended as financial advice. Always do your own research. The writer holds (and is biased towards) Bitcoin. The writer’s thoughts are his own and do not reflect those of Mine Digital.