Because of leverage and short positions.
When the market rallies, stock market traders will take on leverage expecting the price of Bitcoin to go up. This leveraged asset doesn't actually exist, it's loaned out by the exchange that will have a certain amount in reserve which they can pay people out with one at a time. You will notice that when the BTC price plummets, the exchanges go offline. This is to slow the number of people cashing out.
But when there's fear most retailers will move into cash, and the stock traders can't alleviate the retailers money from the price going up so they do the opposite and short the market.
The upwards leverage causes the price to balloon far beyond the cash that has been invested into BTC as the cash never existed in the first place. Therefore the real value of BTC is unknown but much lower than what you see when the market rallies.
As dollar becomes shit crypto should go up
This is true and plays a part in why Bitcoin _is_ up. Look at a 5 or 10 year chart. Markets don't always go up and you can't expect them to behave the way you want every day.
FYI the true crime is actually silver and gold which are illegally manipulated by the big banks.
silver and gold which are illegally manipulated
Spot price is for paper silver and gold, of which there's far more than the real thing. So it's another fiat basically.
There is a large community of average investors buying as much physical silver as possible to take it off the market. First we’ll see premiums on physical silver rise, ie. it will cost more than paper contracts for silver. Then they will shoot off as contract investors and actual large scale physical buyers realize the contracts are worthless.
Even if all that doesn’t happen in dramatic fashion, commodities like silver and gold will do better than the current leading tech assets after the crash that’s coming sometime in the next year.
I’m buying physical silver and shares in silver miners while they’re still cheap.
It's all manipulated. You don't have 6 trillion printed just for you, if you aren't playing a rigged game. The government wouldn't use its power to bail you out of your fuckup if it wasn't a rigged game.
I said silver and gold is "illegally" manipulated. I didn't say the rest wasn't manipulated.
because you cannot (as a citizen) buy gold freely, at least in italy
you MUST declare that you bought it (the seller must do it), to the government (so they know) AND there is a seller margin of at lest 15% AND if by any chances you lost your papers when you go to sell the gold, you MUST pay a 20% tax on it
sheep do not understand that they are robbed and keep slaving
Soros is happy
Shut the fuck up you discredited confused Muppet retard.
oh, we found another sheep
happy munching
by any chances you lost your papers when you go to sell the gold, you MUST pay a 20% tax on it
Good ole' USA charges 28% collectible tax on "profit" for PMs, even if it's due to dollar inflation since you bought it.
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