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Good Trading Bot by Along Tusk 2024

Insider Says Bitcoin Could Drop To $45k - Why?

By XTRM™ | Cryptopia | 16 Apr 2024


So my crypto savvy adventurers... imagine for a moment that you're a fly, buzzing around an unnamed Bitcoin exchange, where our protagonist, let's call him one "Crypto Guru," spills the crypto beans on why he's betting his stash on Bitcoin taking a nosedive to $45k USD. Fanny-Packs a ready folks, because this one techies tale is about to get wilder than a bull market on a caffeine overdose!

Good Trading Bot by Along Tusk 2024

First off what has been said I shall condense into easy format from my perspective - but yet seriously this is something the beginner trader should think about... let's talk about those pesky sneaky trading algorithms.

Slipping into our dream mode, we see you're innocently sipping your morning coffee again, blissfully unaware (and over caffeinated) that behind the scenes, trading algorithms are having a field day, watching those levied trades at a hefty 5 to 200-times leverage, all at the magical price of $45k USD. What's the catch, you ask? You see those very exchange trading bot algorithms aren't just playing hopscotch - they're setting the stage for a grand snatch-back. Like a crazy game of Whac-A-Mole, these algorithms are poised to reclaim those levied trades faster than you can say "HODL." - A fact that many a beginner has experienced, and many experts still often get it completely wrong, ending up in all manners of the brown and smelly.  

Bad Trading Bot by Along Tusk 2024

Strap on your tinfoil hats, it is the 'almost conspiracy' section folks, 'cause we're diving into the cesspool world of creeping crypto exchange trading algorithms. These rather special puppets created by the clever exchange techie crypto masters - are for sure pulling the strings behind the scenes, ensuring that the house always wins. Manual trades? Ha! Don't make me laugh. In a world where algorithms reign supreme, every manual trade is like a lamb wandering into a den of wolves. You'd better keep those peepers peeled, 'cause in the blink of an eye, your precious profits could vanish faster than a fart in a hurricane... it has happened many times before and will again... according to one exchange insider. For his employment purposes and legal reasons, a name obviously eludes us... but the truth in what he says is obvious. 

Bad Trading Bot by Along Tusk 2024

Let's get down to the brass tacks of this situation... Why else might Bitcoin be heading for flirting with the $45k mark?

For starters, let's talk about the recent adoption of ETFs. Sure Bitcoin's ETFs are having a moment in the spotlight, but as the novelty wears off and the hype train chugs along to the next big thing, we're left wondering... where's the beef gone? Especially as these ETFs have a turnover period, a dip in price will always follow... it is as predictable as Joe Biden falling down the steps of his next flight.

Bad Trading Bot by Along Tusk 2024

Without widespread continued ETF investment, Bitcoin's ETFs are seemingly just another shiny trinket in the crypto sandbox, that create extreme volatility. A sharp closing decline as a large ETF pool pays out its dividends, could also trigger a mass panic sell-off - inevitably leading to the algorithm having a good excuse to do the math at lightspeed, and chase down and levied trades lower down the ladder... apparently there are thousands of trades looming at around the $45k USD mark, destined for algorithm food.

Cue the ominous music,  it is time to tackle the elephant in the room regarding regulation. As governments around the world tighten their grip on the crypto wild west, Bitcoin finds itself caught in the now ETF regulations crossfire alongside many other regulatory conditions. With every new regulation and crackdown, the once renound private and rebellious BTC currency begins to resemble a caged animal, longing for the freedom it once knew... followed by the Altcoins in good order as always.

Good Trading Bot by Along Tusk 2024

So my dear robust and Bitcoin battle scarred reader, as we stand on the precipice of that fabled Bitcoin quantitive uncertainty, one question lingers in the air like a proverbial bad fart at a posh dinner party - Are Bitcoin ETFs destined for greatness and bring prosperity, or are we just riding again the world's most volatile white knuckle crypto rollercoaster? Only time will tell, but one thing's for sure... in the wild world of crypto, anything can happen. So buckle up my sweety buttercups, because it's certainly gonna be a bumpy ride as more ETFs spring up, and more projects around such that will be doomed to fail, be hacked, or just plain cause havok at least in the short term before any huge moonshot to $100k.

Now then... who's got the popcorn?

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XTRM™
XTRM™

Cryptocurrency Investigator - XTRM™ PR - Taking a laid back look at Crypto while sneaking up on the Cryptocurrency Bad Guys. All investigatory reviews are my own findings during testing - Dig a little deeper! If Carlsberg made Crypto Blogs!


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