6000 USD is likely: Don’t be fooled!

bohr

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Quote from: jamesashmore1964 on June 11, 2018, 11:55:07 PM

Quote from: scambust on June 11, 2018, 06:11:17 PM

LMAO. Whales don't fear regulations or exchange investigations. It's just a convenient excuse to sell the fear. They make money out of your fear and also make money out of your greed. It's that simple.

Real flight would be large withdrawals like when exchanges go bad. Remember Cryptsy? Altcoins rallied because Cryptsy stopped BTC withdrawals as it became an obvious exit scam by the owner.

The whales do care because they have committed a crime: if the Justice Dept link the owner of BTC wallet to a LARGE pump and dump and corresponding short and long position on the Futures exchange it is a crime ( market manipulation) This is a serious matter. These Whales are running scared!

We need to avoid generalizing, it is entirely possible some whales dedicate themselves to try to manipulate the price, but it is very likely there are many whales that are just letting their coins stand still and do nothing with them, after all since they are already whales there is not much to gain by getting more coins, and there is not a need to do anything with their coins since they already have the best currency around the world.

fantasticX5

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

Anything can happen with this market situation as it's has possiblity that it will go down at $6k but this will only take short period of time as many buy supports are waiting for that price.

DZU1410

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https://saturn.black

Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I'm not sure that it will come to 6k, it is clear that this price will be very convenient for buying. But the maximum drop will be up to 6.5k not lower. Especially since this catastrophic period remains not so long and it is not so much as to lower prices so much.

jamesashmore1964

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Quote from: scambust on June 11, 2018, 06:11:17 PM

LMAO. Whales don't fear regulations or exchange investigations. It's just a convenient excuse to sell the fear. They make money out of your fear and also make money out of your greed. It's that simple.

Real flight would be large withdrawals like when exchanges go bad. Remember Cryptsy? Altcoins rallied because Cryptsy stopped BTC withdrawals as it became an obvious exit scam by the owner.

The whales do care because they have committed a crime: if the Justice Dept link the owner of BTC wallet to a LARGE pump and dump and corresponding short and long position on the Futures exchange it is a crime ( market manipulation) This is a serious matter. These Whales are running scared!

BetadiNe

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Quote from: adroitful_one on June 11, 2018, 10:09:00 AM

I too think we'll see 6k or even below before we get some sort of movement. Espeically with all of the new news coming out all the time about different exchanges/websites getting hacked and coins stolen. It puts people off to know that their investment could be stolen at any moment.

I agree with what you say maybe btc will fall below $ 6k, for now I better keep silent and not see the market.

scambust

legendary

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LMAO. Whales don't fear regulations or exchange investigations. It's just a convenient excuse to sell the fear. They make money out of your fear and also make money out of your greed. It's that simple.

Real flight would be large withdrawals like when exchanges go bad. Remember Cryptsy? Altcoins rallied because Cryptsy stopped BTC withdrawals as it became an obvious exit scam by the owner.

Geleve

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anything is possible in crypto market. it can go down more. but i dont think it will. because mining costs are pretty high and it is a very low possibility to drop below mining price. an upward trend is more possible comparing with downward.

NeverSop

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HODL

Quote from: f1rstalex on June 11, 2018, 02:48:54 PM

Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I agree with your opinion.
The market is not stable. The SEC can freeze the assets of speculators. They are not profitable, that's why everyone is selling now.

The market plunged sharply as the US Commodity Futures Trading Commission (CFTC) launched a price-cutting investigation from digital forex trading platforms. This made investors worried about their properties on the exchange floor so they sold so much that the BTC and the whole market cryptocurrency sharply reduced.

yonnymen

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Those are some terrible reasons for 6k BTC price. Technically speaking, it looks possible but your reasons are not why it would reach that outcome.

hasna17

full member

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In my opinion
The reason for the decline is not the exchange hack: Opinion
Whales that manipulate futures run for cover and sell. this is all the politics of the whales, Think about it. They need to sell because if the SEC chases them, they can work by freezing their Bitcoin. The SEC and the Justice Department are tracking these entities. The Pope will liquidate into the FIAT and reenter the most likely possibility of a disguised pump and this is beyond expectations.

Mobshady24

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Quote from: preshpr1nce on June 11, 2018, 06:09:18 AM

This guy wants a cheap buy, I would lean towards your view of 6k being wrong

well his opinion quite make sense, who wants their investment/asset getting seized by the government? of course non, i heard there is a whale that move thousand of bitcoin into exchange, coincidence? guess not.

real eyes realize

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I think this is one of the most critical terms of the crypto world. Everybody should be very careful about their next strategies. In my opinion, this term is a great time to have more coin, and an awful time to sell your coins.

oxonhu

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its bad time for crypto for sure. no one wants to believe that price and no one can predict btc price now. can go 6k or lower or can reach 10k soon. everything is possible in this moment. i dont think its about sec. investors dont want to buy now but dont know why. the big problem is btc kills other alts too so there is no chance to make profit from alts right now.
hopefully btc recover soon otherwise cryptos will go down and down.

bohr

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Quote from: jamesashmore1964 on June 11, 2018, 06:27:28 AM

I also believe the SEC are investigating the relationship between Tether and Bitfinex, the world’s biggest bitcoin exchange by trading volume. The two entities share the same operators, Phil Potter and Giancarlo Devasini, the New York Times reported. Potter is chief strategy officer at Bitfinex and a director at Tether. Devasini is a director of both companies, according to Bloomberg.
The shit will hit the fan soon!

Even if I did not want to believe it we are already below 6800 so any bad news could make the market drop to that price and if something as big were to happen it is possible we will see lower prices than that, I could take advantage of those prices and make money that way but right now I'm very short on funds so I cannot afford any longer to buy even more bitcoin.

waaat?

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Quote from: f1rstalex on June 11, 2018, 02:48:54 PM

Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I agree with your opinion.
The market is not stable. The SEC can freeze the assets of speculators. They are not profitable, that's why everyone is selling now.

But SEC has influence on the USA based markets only. How they can stop other exchanges? I understand that it exist much ways to make bad. But actually I don't think that SEC or CFNC are reason for today's dumping

f1rstalex

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I agree with your opinion.
The market is not stable. The SEC can freeze the assets of speculators. They are not profitable, that's why everyone is selling now.

acorcos

sr. member

Activity: 453

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

If you are not yet into crypto and still waiting on the sidelines now is the time to buy in imho.

Do not make the mistake and try to catch the "real" bottom.

Mahanton

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

Im not saying that you are wrong because possibilities might really happen along the way but talking on whales would opt out already due to SEC then i dont know if this do have the chance to happen. $6k is a considerable price for us to dropped yet we are already 700usd ahead on that range but it doesnt mean that this would be the end.We are still young and developing ending up anytime soon isnt still considerable.

mackenzied

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Quote from: bigcash2011 on June 11, 2018, 07:30:35 AM

Lol i think many investors have set their buy orders at or around $6k per btc that is probably the readon im seeing the shouts of 6k by many people on social media as well as this forum.

We can see it if the bitcoin actually goes down to 6k $. But, I think this will not happen because bitcoin can still come back. This is my personal evaluation.

puremage111

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Quote from: jamesashmore1964 on June 11, 2018, 06:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

Well there are tons of factor that could influence on the price action
I believe the factors you are saying including exchange hacked, SEC pressures and tracking on entities contributes towards it

However, judging on now, it is likely for market to consolidate awhile

Topic: 6000 USD is likely: Don’t be fooled! (Read 309 times)