Fourteen thirty to thirty UTC 1030 EDT on Tuesday, the 2nd of June. The price of Bitcoin fell from around ten thousand one hundred and fifty US dollars on bit Mex all the way down to eight thousand six hundred dollars in the span of fifteen minutes, here's the actual chart right, it's, a straight drop down; no curves, no lumps no Movement, it is directly going straight down. The drop to eight thousand six hundred dollars was at least seven hundred dollars greater than the drop on other exchanges, such as upon ance coinbase, who OB and oke x. As macro economists and crypto trader, alex krueger points it out. In the tweets below he said, bitcoin doing bitcoin things today it was at eighty six hundred on bit mix 9300 and oke x, 93, fifty on whoo OB, 9300 on coinbase and ninety four hundred on finance um with bit Mex. Of course, look at. Do you see this line but, of course, bit Mex being the lowest of the low Chun ping Chau said liquidity saves you money, also reposting that as well. So what we have right now at the moment is for those of you who did not see my twitter post yesterday bit Mex once again had a flash crash on their website, which caused the price of Bitcoin to go down from roughly around ten thousand two hundred Dollars to eight thousand six hundred in fifteen minutes, the craziest part is, I believe it was either yesterday's, video or the day before it was not more than three days.
I was just saying there is a constant problem with every single time that the price is going up bit. Mex or coinbase has a flash crash. They have a problem, it gets unplugged there's, some type of there's, always some type of an excuse as to what happened at the moment. There are multiple theories as to exactly what took place. Wat'i, the one that most people are leaning towards is that there was a flash crash once again on bit Mex. This poses a gigantic problem, because this is our eighth ninth attempt. That is not a a fake number at trying to pass by and stay above. Ten thousand US dollars here's the movement once again from yesterday or the day before, Bitcoin was around 9700, went up to around ten thousand five hundred standard around ten thousand two hundred and then slammed down all because of bit Mex once again, and of course, when other People see that there is a rapid movement downward in price. Other cryptocurrency exchanges also follow the issue once again being how do we stop this from happening? How are we ever going to stay above ten thousand US dollars if every other day in every other time that the price goes above? Ten thousand, we have a news article that there was a malfunction on coinbase or a flash crash on bit Mex. How do we stop all of this? If you can kind of say that this one says Bitcoin crashes, fifteen percent? In three minutes, one hundred million dollars liquidated on bit mix this one says massive Bitcoin plunge was nothing more than traitors being traitors.
This was said by ok coin executives, Bitcoin dough of more than one thousand dollars on some exchanges on the 2nd of June, although the event seemed to be the result of simple trading activity. According to ok coins, head of market development, Matthew that's, that looks like something else, and that actually is a word in German Fick. Oh ok, price movement. We saw yesterday typically attracts short term buyers, trying to positioned for a larger break higher Bitcoin surged up past. Ten thousand four hundred dollars from nine thousand four hundred and fifty on the first of June only to fall back down to ninety two hundred the following day. The first asset even fell below nine thousand on some exchanges. Eighty six hundred on bit Mex when you, when you look around another I don't wan na use. The word excuse another reasoning as to why prices fell. Is that people are saying that, apparently, it was simply just traders having a good old time, trying to make sure that they were acquiring at this price so on and so forth, which seems completely logical. Wat'i, bit Max's name continues to pop up wherever you look for this news. If we type in Bitcoin plunge Bitcoin drop, why is Bitcoin going down? Why has Bitcoin gone down? Bitcoin is down why? Whatever combination of words, you decide to use bit, Mex is constantly now. What now once again, I mean I am NOT a bit Mex, I do not work for bit Mex.
I am simply relaying the news that we see before us. Wat'i, it is a constant theme, also a part of this as well. According to ki Young Joo, CEO of crypto quant, capitulation by an unknown mining pool, was responsible for the latest market dip. The miner, who had produced 51 blocks over the past four days, maybe capitulating. This was reported by key yong joo. He 51 blocks produced by the mining pool, came with a reward of around 637 Bitcoin 9 of the total over the time period. There'S little chart right there. Meanwhile, since the 20th of May, the largest unknown mining pool and has the fifth biggest hash rate moved around twelve thousand five hundred and seventy one Bitcoin out of its Treasury as key explained to coin Telegraph, he said they mining pools, don't, move Bitcoin unless they decide To sell it, each miner has a different wallet, wallet, wallet management system. Major mining pools, send Bitcoin to exchanges periodically and the largest unknown mining pool. They only move their Bitcoin when the Bitcoin prices reaches the top, so the other – I guess the other third of the pie is that apparently it was a mining pool. I saw it also not investigated reported that it was simply very rich people behind the scenes who had decided to sell off at the exact same time which, once again, if you look at this chart, it would not be unbelievable to believe that these people acquired here And then planned off selling around the same exact, so they made profits along the way.
Wat'i, yes, the price of the entire cryptocurrency market was slammed into the ground. It is now unclear if it was simply bit Mex if it was trading happening on bit Mex if it was massive amounts of Wales simply moving Bitcoin, which is also a very stupid reason, or if it was a gigantic mining pool. Deciding to sell off large amounts of Bitcoin, even though once again the moving of Bitcoin or even the selling off a Bitcoin by any entity unless it, unless someone is selling three million Bitcoin at once, it probably should not have any major effect on price anyway. Um yeah that's the price news I mean I wish I could give you more logical price information as to what's happening, but at this point I mean, if you've been paying attention to anything happening this year. Nothing really makes sense anymore and, alas, here we are so. If you happen to sell before the dip or plan on buying the dip by all means, go for it. This market is one for the books. Let'S move on next up, it's been two years since the EOS platform made its debut marking two solid years of operation. Since the main net was released, Brendan bloomer, the CEO of the company behind the US block, one took to Twitter a few hours ago to celebrate the crypto project's two year anniversary. He said, rather in his tweet bloomer noted that he is grateful to be part of the team behind EOS, which he describes as the most performant and aligned the public blockchain.
But they all say that about the I mean, every single blockchain project says that they are the blockchain project. Blumer believes that this year and this year will be the best year yet for EOS. He said I'm so excited I can't even think straight. He added there's. This tweet right there wall, EOS investors, would have hope for a price surge to commemorate. Yogo'ä? Why would there be a price surge when, when, when Bitcoin had been around for ten years, there wasn't a price surge when Bitcoin had been around for 11 years? It just does not understand the the idea that, because it's it's some things and like if you want a price bump on the anniversary, just expect the prices to go down a day later when everyone's like. Why did the price go up? The anniversary did not even spark much recognition for mainstream crypto media, possibly due to Alice's poor performance lately or just in general it's been it's. Two years like I can see like the first year or a five year or ten year. No one throws a massive extravaganza for anyone second birthday anyway, oh yeah, so EOS has been around for two years um. I assume we're gon na be getting news relatively soon about Tron and Cardno, and many other coins that came out around the same exact times. Birthdays cool, wonderful um. This was kind of like all over the place. A lot of people got really excited about this.
I mean about the the news of EOS being around for two years. I will repeat: it is still anyone's game. We are at that point now, where every single cryptocurrency project has, I don't even know what to what words to use they're all they're, all pretty much neck and neck, even regardless of there's a price spike up or down, but any coins. I really think it's anybody's game at this point. He theorem is clearly monetarily farther ahead and even more so the people from bluff from block one had like. I was a four billion dollar ICO. I would have assumed they would have thrown a bit more weight behind EOS stuff, as opposed to one hundred million dollars into voice anyway, that's the eos news been around for two years now: good job for them. I still see people asking. I guess you missed my other video. I still have my EOS have not sold my EOS. I still am in possession of my EOS and when EOS is price goes up. I do plan on liquidating, as I do many other all coins anyway, that's that news and let's move on. Also in okay, I get it news. Moneygram shares jumped by 31 in the afternoon on Tuesday, a day after reports that the rival company Western Union was offering to buy MoneyGram. The deal comes as MoneyGram is about 8, how my gosh is about eight hundred and seventy eight million dollars in debt.
That is the scariest thing I've ever heard in my entire life, according to Bloomberg and as traditional money transfer companies look for ways to compensate for competition from newer outfits. Like paper, I mean at this point. Paypal is the least of their worries. I'D. Even go so far to say I read an article yesterday, the discussing exactly what changes Libra just Libra by itself would bring it like it wasn't a like a a praising Libra kind of thing. It was a if Facebook, which makes billions already from there. Everything is going to be successful in this. Other countries are going to jump on it immediately. There'S also news that Amazon apparently blockchain this and so, and so that – and there was also rumors before that Walmart coin. And what have you yeah, I mean that's, the least of their money. Graham and Western Union are so. Are you want to say no archaic, outdated, like it's it's, almost like that um, like the Morse code machine like we does, we just simply do not need these things anymore, especially when the majority of people have smartphones, even if they are four or five year old Smartphones, you can download an app and you can send Bitcoin back and forth, or even more so. You can just simply use PayPal, so that's, the least of their problems citing security concerns. The committee on foreign investments in the US had already refused to allow bidder and financial an affiliate company of Alibaba to purchase the dallas based MoneyGram Western Union, whose stock was up eleven percent Tuesday afternoon began in 1851, when people still ate, rocks and stuff in New York and now is headquartered in Denver yeah, so the the news, of course, is that MoneyGram is potentially going to be acquired by Western Union.
For those of you who don't know the other portion of that story, ripple and MoneyGram have also partnered years ago and MoneyGram has been using XRP. I guess the depending on where you looked in the crypto space. The news either was you know here we go that Western Union is acquiring money, Graham because money Graham is using X RP and therefore they want to absorb this usage or that simply money, Graham, was going to be acquired by Western Union and in Western Union was Going to put an end to the X R P stuff, or simply I don't know – I mean, depending on how how how strong your tinfoil hat is. There were millions of things the people kept on asking me this. Yesterday I saw the news like it's. I get the significance, but it's not it's, not necessarily crypto news. This is why the people were putting the pieces together, saying that this has something to do with X RP, I think it's far from it. I think 878 million dollars is a very huge reason for them to be acquired by a rival company, but both of these companies don't have unless MoneyGram Western Union and any other company like them, decide to create their own digital currency, which is not going. Look. How dirty the sign is like that's how dirty these companies are like there's there's, no chance in the near future that these companies are going to innovate like dramatically enough for them to be able to keep up like that's, just not, which is not going to be A thing anyway, so that's, the MoneyGram Western Union, potentially ripple kind of news.
I assume, if there's a partnership or something going on with ripple. We will hear about it in the next nine months because non disclosure agreements, but as of now, it is probably safe to assume that it's, probably just one company trying to absorb their rival let's, move on. Also in the news. The liquidity index for XRP paired with the Mexican peso has hit a new record on Mexico's largest crypto exchange it's, so liquidity in the market refers to how easily a digital asset can be converted into cash or swapped for other cryptocurrencies, without affecting the stability of its Price high liquidity indicates a stable market according to the liquidity index bot, the liquidity index of XRP to the Mexican peso on bit so has risen steadily over the last four days, from 32 million to 35 million and 36 million on the 29th before peaking. Ja 36 million on the 30th of May passing the previous record of 36 million. There are the numbers right there, this news for. First stopping this news is very similar to the news: I'm, not sure if we went over it or in whatever. I think there was also a huge liquidity spike boost trend, thingy happening between XRP and the Philippine Peso. It was some Southeast Asian currency that is also using XRP to send money through remittances around the world. That also saw a major spike we've, also seen over the last couple of months. If you've been looking at the XRP ledger, there's a lot more XRP flowing through it, it's, not there's speculative that it's simply new companies who are testing it or companies behind the scenes who already said that they were going to be using.
It are now using it. Even more, who knows what it is, but XRP is slowly rising in use. If I can, if I can say that sure it's once I mean I don't, even know how to how to even put these thoughts into words anymore. There have been so many coins that have said, and I mean it's across the board, like it's, not just XRP, it's kind of in general, like I, I think, it's really anybody's game right now, like I feel like anybody can pass XRP. I feel like anybody can pass and then no one's gon na pass Bitcoin it just it just more of a I. I wouldn't be surprised if there was a huge shuffle and the top ten. The top 15. The top 20 coins over the next year it's fascinating to see that XR Pease liquidity can go up on multiple different exchanges or more usage, and more people are buying at a more institutional interest. But the price just simply kind of falters. But I mean on the on this: in the in: in the same exact breath, you also have Bitcoin being used more and traded more and so and so and then somebody moves coins and then drops by 15, so that's also not the most liquid thing ever. I, I wonder exactly – and you never really hear about this spoken as well – how much liquidity would Bitcoin need for it to actually not suffer from these movements anymore? If, if someone can simply move 14000 coins, or if someone can sell 14000 coins, how much does each Bitcoin have to be and how much liquidity, as in daily trading volume, do we need in order for these things, to stop happening? Do we need like half a trillion per day? Does bitcoins price have to be 85000, like what's the what's, the line where mathematically we would see less fluctuations of people doing these things, never really get those numbers anyway.
That'S all the XR p news for today and yeah let's, move on and to finish things off after fighting a legal case for two years. America'S largest bank JP Morgan Chase will pay two point: five million dollars to settle a class action lawsuit over extra fees on cryptocurrency purchases in 2018, the plaintiffs and not reading out their names. Cuz it's too much filed the lawsuit against JP Morgan and a Maine Maine Hatton and a Manhattan federal court, accusing the bank of charging customers additional fees in the form of cash advances for crypto purchases made with credit. Wait one two: three! Oh look at that. Alright, I mean if the three of them are splitting 2.5 million happy birthday to them. The trouble started in early 2018 during the period of the crypto bull market, when several banks, including JP Morgan, decided to block their customers from purchasing crypto currencies using credit cards. Wat'i, JP Morgan did not immediately inform clients and it has started treating credit card purchases of digital assets as cash advances. The banking giant only announced on this update 10 days after implementing the changes, a move, the plaintiffs considered as a violations of card holders terms of services. For those of you who were not here in 2007, see I mean this is why whenever we hear what was the other one, we just heard. Prime prime mortgage mortgage price, big bank, big bank, big money – I'm, not gon na get the name.
I can see it in my head, but I, but whichever Bank we were just talking about three or four days ago, who said the Bitcoin is a farce and no one should buy a Bitcoin and Bitcoin is at this and how dare you buy Bitcoin? The same exact things were repeated by so many other banks and JP Morgan led the pack and now JP Morgan owns Bitcoin and is buying Bitcoin and his mining Bitcoin and is in love with Bitcoin, just as everyone else. What happened was is that as the cryptocurrency market, this is why oh, my gosh, like everything, is so connected. Together, the cryptocurrency market began to go wild. Around May June, Ar 2017 prices were spiking, things were going up and the issue was that as people were trying to buy them – and it was firstly with debit and credit, people's purchases were being denied which led a lot of people to get really angry as well, Because they were trying to buy at a certain price and their bys kept on being denied 2.99 and eventually the ones for debit. The money that you actually have on your account we're going through and people are like: okay, it's, fine and then multiple banks were denying people credit card purchases of crypto currencies because they said that that the the banks were afraid that people wouldn't be able to pay Back the the the debt that people had purchased for they did the crypto for ie.
They were okay with people buying homes, getting mortgages, buying cars, leasing this and buying that you know 15000 in in debt, but people buying 800 worth of Bitcoin that that that crossed the lawn, and this simply couldn't happened because a couple of things banks saw their businesses. You know floating away, people were finding other method methods to be able to buy these things, and also people were choosing not to put their money into their bank accounts. They were taking their money out of the bank accounts to put into the cryptocurrency space, which then also led us to the news that we got in 2019 as to why we got Bitcoin futures in 2017. A lot of people were kind of confused whoa and then also very happy that we got Bitcoin futures because it was going to be this new amazing, wonderful thing and that would allow people to enter the cryptocurrency space. Wat'i, the moment the Bitcoin futures got started, prices began to go down because we found out that apparently the Bitcoin futures were only allowed by the US government to go through because the Bitcoin, what was it the Bitcoin market, was far too optimistic and therefore there needed To be a market where people could bet against it, which was also tying in to the exact same thing from before, crypto prices were going too high, banks were in in it. Some banks were definitely not profiting from it, and this is why they all want to hold and buy and sell and trade crypto currencies now, so they can make the money from when the prices do go back up and also and led them to be super afraid.
Like imagine you owning the world for four five hundred years, something comes out seven eight years ago and all of a sudden people are choosing to use that as opposed to your system and they're, not even paying you like, they're, simply taking money out of the things That you own, that you make money from to put it into a brand new system, and this is why we have Bitcoin so dragging it all back from that history lesson yeah JPMorgan, I guess, was like okay, fine we'll, give you the money. 2.5 million is a lot of money like it may not be a hundred million dollar lawsuit, but that's still a substantial amount for being. You know to say that, oh, I assume assumption to say, though we're sorry for what we for what we did because um this happened a lot all over the place and I and it's it's still continuing in other countries as well like the what was it? The the the government of India just had to tell the I remember all the the specifics, whoever they told that it's you know the crypto is totally legal. You should be able to buy with it, and now banks are still trying to stop people from buying it's. All complete nonsense – and this is, I mean I would love to see this movement sped up rapidly, because what's only going to end up happening is that banks are going to make sure that they also hold portions of these as well.
So when the prices do go up, they also profit from them as well, it's, only because once again, people take too long to do things. People take too long to get into these markets or simply have no idea what's going on like the news that we had yesterday, the guy was like Pitt. Cone will be at a trillion dollars per coin. If people really understood that they don't have to use banks any mother, they don't have to use the old system that they can right. Now. Logically, we already have a system that allows every single person on the planet to be in it and even as far as I understand that there may be people around the world who do not have access to smartphones people throw out smartphones every day like we could. Logically, send those smartphones, the old used ones that still work to other people around the world, and they would then have access to be able to download the apps. Because we have tons of satellites going around us because of life and also the the Bitcoin satellites and also all the Elon Musk future satellites that will allow people to download these apps and use Bitcoin or litecoin or XRP like we have the system they're like isn't It'S not like the system doesn't already exist anyway, um yeah, so JPMorgan paid, for I mean how how dare you like? Why do these things like what's, the point of constantly being fraudulent, like even even the news that we had before? Where, apparently, there were large boats floating around the ocean and they were full of gold from all of these banks who were secretly also trying to move them to other countries.
It'S it's just complete nonsense, like you wonder why people don't, like your system, anymore, it's, this like just stop lying just tell the truth, make sure that you're doing things correctly like how many more people would love banks like the idea of a bank isn't, a terrible Thing like I don't I don't want to have thirty five million dollars sitting on my front. Porch like I would gladly put it inside of a bank if they had proper monthly fees. If I knew they weren't criminals, if I knew they weren't desperately trying to suck as much money from people as possible, and they did like proper ethical things. Like imagine a world where we have banks and they're nice like where they actually do what they said. They'Re going to do and they help peep actually save money and raise money, and they have proper interest rates and they're not trying to make them negative so that they can take extra money from your account in an effort to put more money into their coffers. Because they're, because because people aren't using them and no one likes them, it's just it's just complete nonsense. So this is why I get so riled up, sometimes because it's not it's, like it's like being hungry and you're sitting at a buffet and you're like oh there's. Nothing to eat there's tons to eat, we have the system's already. This is why I also get a little frustrated when it takes aetherium five years to update or when it takes EOS, whatever amount of years to do so and so or car down.
Oh three years to launch Shelley and all this other stuff it's like just do it stop talking about it, get to work launch all of these things so that we don't have to use the old system anymore, like it's, stopped having these celebrations in these meetings, and These, what was the thing that car Dino had last year, where, like we were, if sometime around May as well, we were expecting to get Shelley and they had a whole thing in Bulgaria or sometimes like a four day event. Stop having these things just work on the I'm trying not to curse. Does this launch the things get everything moving so that we can start having proper alternatives to be able to not have to use the banking system it's? Not that difficult! Stop it just get to work, do it because I would love in ten years. I would absolutely love if the Lightning Network wasn't going in full force if XRP was doing 30. 50 70 thousand transactions per second. If Tron, I don't, you know I don't care for Tron. If Tron was like the place where people went from video games, EOS was doing this aetherium had that like if they all had to come into their own, but even the 10 year time frame. This is why a lot of times people like why are you so bullish on Bitcoin, because it Bitcoin does what it says it's going to do. We know it's slow, we know it's clunky, we know it's so and so, but it still transfers back and forth, like Bitcoin doesn't promise us all these revolutionary things that it just doesn't have, and by the end of this month in six days, Shelly's supposed to launch Begin launch, and by the end of this month we should have a Shelley Shelley like Shelley, should be completely there and then sometime in July August, our September.
We should have a theory. I'M 2.0, if it doesn't happen by I've, already lost faith for so many altcoins. Come lost faith just it just completely logical, just get it together, because this can't keep happening. People already being told that you can to use your own money. You can't take out your own money. If you're using your money, where's your money going, you have to tell us what you're doing with it. That'S, not the point of a bank you're supposed to be securing the money that I'm giving to you, because I trust you not you overcharging me or telling me that I can and cannot do with my money or, if I'm sure it's it's it's completely illogical. Get a move on: stop it just it's it's, so fatiguing it's, so fatiguing, because there's so little logic in all of this, like logically, the top 15 crypto currencies and I'll be kind and I'll say all 15 crypto currencies. If all the money in the world could just flow into those we'd have enough system that it would be able to handle the actual transaction that the entire world would need. You know some of them do three transactions per second, but some of them also do 5000. Some of them to 10000, like we'd we'd, be fine. We'D have some delays in payments for a while until these systems are upgraded, but we'd have a world that was properly decentralized and wasn't relying on the old system, because these things are going to continue to happen.
I assure you between Bitcoin, trying in in in in desperation, to pass by 10000 or finally getting to 20000 dollars. How many banks around the world are going to stop people from being able to buy into this market, which is also terribly selfish. You can't tell people what they can and can't do with their own. Damn money, it's nonsense, like none of this, makes okay, all right, I'm done. Cuz cuz cuz, my cuz, my blood pressure sugar is is is is, is high, alright, alright, alright, as always a very special thank you to my patreon supporters. Professor Wally from gun buy University, Oscar Maldonado utopia, five, six, nine Yasha, herati movement, hi XRP, the pothead Joshua Ben; your monster, your chocolate song, although the Nostromo Jon sarracenia de Morita bill, be a phobia Todd mullahs, Adam gray, Sigma hammer, oni massive inches in challenge Schneider. Why is that all true for true to the world crypto Joe Banquo Network, adobo, crypto artist, coldly Tweedy Nicholas wonder, throw keys my love Damien, said son in economics: you should there vlad the impaler packs a snake man chill avoid anything me, Charles Jim Gardner, Jeremy, Fox Minted coins malicious every day in caskets like that, yet to crypt about me both facing isn't possible to staff. Our fight x17 bake me a cake ticker much when he saw encrypted with Lana creo let Michelle URL hold on. I have to sneeze. Thank you very, very much for your support.
Thank you to everyone who is a member of the channel. Thank you to everyone who has subscribed to this new channel and thank you to everyone who is a clicker of affiliate links. At the moment, the cryptocurrency market looks like this. It is looks, ridiculous Bitcoin is currently at 9500. There iam is at 20 nope almost at 23000, because I was looking at the is that 237 dollars at the moment x RP is at 20. Once again, everything has a fall and fall and fall and fall and fall and fall and fall and fall in cardano's up by 0.12 percent. Question mark question mark it could be anything. Lou is also up. There was another coin that was up and that's a stable coin, and nem is also up on twenty nine million dollars volume, whoopty, doo, um, so yeah. I mean I'm sure that the crypto market is desperate to go back up, because these drops mean nothing. The drops keep happening for no apparent reason. Nothing has happened to Bitcoin. Nothing negative has happened to ether, XRP hasn't stopped moving by Nance coin is still a coin. Cardano'S still chugging along none of the fundamentals have actually changed, except for that there was someone or something or a person or robot or group of people or a gigantic sea. Animal who decided to sell off, nothing else has changed, and what's gon na happen is. Is that we're gon na start getting news in a couple of days that Bitcoin is at ninety seven hundred bitcoins at ninety eight hundred? Can it pass by ten thousand? Of course it can pass by ten thousand it's a matter of he was gon na stay above ten thousand because it mix or coin base is gon na have some type of new problem and then they'll tell it 24 hours later.
Oh sorry, we went offline for five to fifteen minutes. It was an error. It was a bug and everyone's. Just gon na go okay, that's totally fine, as opposed to just stopping to use these websites in general. I think we'd all be a lot better off because it's just absolute nonsense. What keeps happening over and over people are asking and always ask like why I get so heated why I get so frustrated why I have so much emotion in the space because it's stupid the entire cryptocurrency. Do you see these drops? This drop is indicative of a moment where bitcoins networks stopped working. You would need Bitcoin to have 15 minutes of inactivity, no nothing's happening nothing's being mined. No transactions are going through for people to actually panic and then sell off. Why is it that that cryptocurrency exchanges, not even the traders back and forth, who were trading the coins wire cryptocurrency exchange, is constantly responsible for cryptocurrency prices going down over and over all the time I I wrote it yesterday like it's one thing: if we have these Once every seven eight nine months like and not like so that's like it roughly, maybe once or twice within a year, maybe this is like the seventh or eighth time in the last three months, what's what's going on like. Why is why aren't people more up in arms over all of this, because it's going to continue to happen and then the next time we're gon na have the same exact conversation why'd a Bitcoin drop? Why did Bitcoin go down? Oh because a bit because bit Mex? Oh because coinbase somebody tripped over a cord, oh because this place that it's what why why do they have so much power in the actual movement of these coins and, like I said it's, not even if me you them, they us all of us, are trading the Coins that's one thing: it's nonsense these these, these flash like this's.
This is complete nonsense and it ruins everyone's money it's, not even just mine, it ruins everyone who, I know who's in the crypto market and for all of you as well. Do you want to keep going through these things over and over? Why is it that they haven't fixed their systems? Why is it that there always is a major problem every week and a half and tons of people? This is a huge loss, and now we have to wait or days for Bitcoin to potentially try to go back up. You know how many articles I saw saying that this movement down by bears was indicative. That Bitcoin could potentially go back to 8000. This wasn't bears this was a flash crash through manipulation from possibly one person that's, not that's, that that's one huge bear that bears the size of about 15 ngú, then no one's negative on the market, just that people, always one seller, keep selling or someone unplugs the Website and then the goes down everyone suspects what's, going on what's happening people, it goes back on people, panic cell and then we're left in the situation over and over again, this isn't the first time this is multiple times just this year. This is like, after March, all the stuff keeps happening anyway. Um, I hope, in some fashion andor way andor shape that you all enjoyed. I hope you all are having or try to have, regardless of prices going back down, they will go back up but I'm, not in the mood really to have this discussion again in a couple of weeks.
When prices go back down, it's not bears. There are no animals in this market it's, usually one jerk who sells and the rest of the market freaks out. Someone moved 50 Bitcoin and the price lost its mind. Why is this market so immature? I hope you all enjoyed questionmark hope you all are having a great day great morning a great afternoon integrate. This is how I feel this is exactly how I feel like I'm I'm, this ugly bull. I hope you all are having a great day a great morning and great afternoon, a great evening wherever you are wherever you might be. I do hope it's, absolutely fantastic.