Social Mood is blowing off into the tax cut. Gamblers are chasing from one ponzi bubble to the next, trying to keep the buzz alive. Scammers are recycling the fake narratives hourly to keep the dumb money flowing...
Recall the last time Bitcoin Cash exploded to the upside and Bitcoin (original) imploded back to the 50 day. It was early November when the Segwit2x fork was cancelled. The narrative back then was that Bitcoin original is dead because it can't scale, therefore Bitcoin Cash is the future. Of course, shortly after that pump and dump, Bitcoin Cash imploded and Bitcoin original began its parabolic 300% ascent in four weeks.
Now this:
ZH: Bitcoin Flash Crashes. Bitcoin Cash Up 60%
"According to Bitcoin.com co-founder and CTO Emil Oldenburg, Bitcoin is “useless” and has no future as a tradeable currency, citing high transaction fees and long lead times"
In other words, Bitcoin lost its momentum and another toy had to be found to replace it. Speculators have lost interest and the uptrend for the world's most crowded Ponzi scheme is now in jeopardy:
"We're going to need another futures exchange"
And now ANYTHING with the word "Crypto" or "Bitcoin" in the name, business prospectus or Twitter feed is going parabolic:
As always, context is everything:
Speaking of late stage junk, Twitter is now "leading" this rally...
Here is how much money is about to be vaporized:
I meant, here:
