MoggsUk
Short

Simple chart showing the speed of summit compared to its decent

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Simple chart showing its accent and slower decent.
IMO bitcoin futures had more to do with this than some experts are saying.
Has no one noticed that the BTC futures expireing dates have always been in the days of low BTC price? and most went short?

Whales have moved in to BTC futures since they where listed.
They set their shorts in a suit and tie, get home and pump through exchanges in jeans and t-shirts.
Half way through the 4 weeks they start to sell, first profit made.
the price drops and second profit made on shorts.

I had an idea this was coming when i heard two stock brokkers talking in a high class bar in London, conversation was buy BTC to get the price high untill december then sell, set your futures short and we can profit until Btc coin floors in may. They also said the crypto workd will all tuen on them selves blaming each other at the drop and look for any excuse to blame everyone but us!, dived and conquer

i may be wrong but if this was not planned through whispers across the stock exchanges in nov/december?

i am of course not an expert but would like some more experienced people to prove my idea wrong.
I think you have a point. That run up was crazy. People were suppose to take profits @ $10K but it went straight through to $20K. Reaching its high in time for their Xmas break.
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