bitcoin is crashing hard....yo...

[hmgROCK]

earlier this year, when our friend BELIEVE_IN_ME
was hyping up this crypto and others
hoping to get rich quick
i info them no and to just stick to index
because when i look at it
i see a fake pump and dump

for us, OG who has been in the market a long time
we seen these scam too many times

blockchain is kinda just like commodity in a sense(oil, copper, gold, soybean, etc...)
it usually don't pay dividend and is just all speculation
no way for growth, other than the next person willing to pay for your bitcoin more than you bought it

speculation=gambling= i think bitcoin will be worth $50k

http://www.pebhmong.com/forum/index.php/topic,393163.0.html

[hmgROCK]

FYI

just because it low
don't go buying bitcoin
still haven't bottom out yet
there more bleeding to come
don't ever try to catch a fallin knife

i can see it hitting the $2,000-2,500 mark
i think this will be the support line
but than again
it's just all gambling

[hmgROCK]

had relative (brother) who invest like $10k (life saving) in bitcoin
he told me, his account is worth like $2k today (hahaha)
lost about $8k in value

too scared to sell (realize loss)
don't want to lose all the money

he's only in his 20s
so it's a good lesson to learn

[hmgROCK]

I WILL BE 100% TRUTHFUL TO YALL

the stock market/crypto/forex/etc..... is all rig
yes
it's all RIG

it's RIG because you have all these SUPERCOMPUTER
whose trading at lighting fast speed, they can read and scan NEWS article 10000000% faster than you
their calculation and algorithm soo fast, the milli second of a second


it's like playing DARKSOUL but these NPC have lots of Health
and their damage will one shot you
and you have to have a fast reaction and
and you will die again and again and again over and over

these supercomputer calculation is wayy faster than you and me
they sell/buy.....see trends and etc... faster than you and me
you can't WIN against a machine

[hmgROCK]

these supercomputer are run by big bank and institution/etc....
they do what is call "High-frequency trading"

https://en.wikipedia.org/wiki/High-frequency_trading

where they are trading/selling at high fast speed
their supercomputer are reading and scanning NEWS faster than you and me
their calculation and algorithm are beyond you and me
and the supercomputer learn from their mistakes so they get even better with time

LOL

it's all rig


https://www.cnbc.com/2018/07/12/jpm-earnings-q2-2018.html
In the company's trading division, led by Co-President Daniel Pinto, markets revenue rose 13 percent to $5.4 billion, exceeding analysts' estimates by a half-billion dollars. J.P. Morgan said at the end of May that it expected revenue from its trading division to be about flat from the year earlier because of several one-time charges, including a $100 million hit related to a tax-oriented fixed income unit. Analysts had expected bond and stock trading of $4.88 billion, according to a consensus from FactSet.