Topic: Another $15 decrease and we're at 11months low (Read 1853 times)
Ahhhh "HODL!" and "Cheap coins!", the official bitcoin cheerleaders mantra. I expect a slide all the way back to $100 barring some real world financial disaster that the pumpers can cash in on.
What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
At some point the person(s) who unloaded tens of thousands of coins to get us down to this price is/are going to start buying again. Then the greater than 11,000 open short contracts will be closed adding another 11,000 coin purchases in a short space of time. Epic will be too small a word, eventually..
How many coins does this person/s have to dump? As a single person, group (or *tinfoil* "consortium"), there aren't too many candidates with that many coins. Perhaps they are the gox coins and the troll accounts here exist to create the momentum to continue the 'miners selling' slide? But, logic suggests that anyone trying to dump and not buy back in (as troll accounts spout) would want the price as high as possible. FFS, i dont know, its despair.
I read about mining operations installed by employees of state-owned factories with state-subsidized electricity. In some cases the rigs are even charged to the company as “computing equipment.” If the state’s paying for both your equipment and your power bill, the price of bitcoin doesn’t matter so much I guess
We have been going sideways bouncing between 320 and 330 for a few hours now. Will there be enough sell pressure to push below 300?
Another $15 and we're below $300.
Ahhhh "HODL!" and "Cheap coins!", the official bitcoin cheerleaders mantra. I expect a slide all the way back to $100 barring some real world financial disaster that the pumpers can cash in on.
What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
At some point the person(s) who unloaded tens of thousands of coins to get us down to this price is/are going to start buying again. Then the greater than 11,000 open short contracts will be closed adding another 11,000 coin purchases in a short space of time. Epic will be too small a word, eventually..
How many coins does this person/s have to dump? As a single person, group (or *tinfoil* "consortium"), there aren't too many candidates with that many coins. Perhaps they are the gox coins and the troll accounts here exist to create the momentum to continue the 'miners selling' slide? But, logic suggests that anyone trying to dump and not buy back in (as troll accounts spout) would want the price as high as possible. FFS, i dont know, its despair.
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
Way below that already. 320 on BTCE right now. What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
Those "walls" always move with the price.
be patient, it'll get there very soon.
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
We have never broken a previous all time high.
This is the time to be greedy.
The exponential trend line following the low points of the capitulations of the bubble to $266 keeps us just above this value, at around $300. The linear trend line, otherwise, built on the same two points sees support at around $200. Bitcoin bubbles in the past have retraced 80%-90% of their high value. This points more towards $200 than it does higher. Which precedent do you trust more?
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
yeah i'm hodling no matter what, i'll buy more if we go under 200
And I won't. I invested in Bitcoin at $500 and am down $150 per bitcoin already.
Looks like some whale is manipulating the market and selling over a 1000 btc each day on bitdump.
Buy bitcoin they said, it will be fun they said....
Edited by Tzupy for being insensitive towards people's loss, you have my apologies. Removed a NFSW cartoon.
About what to do next, it depends on the next market move. Right now it's oversold, so a rebound is almost certain.
The issue is how will this rebound look? Will it be strong and long enough to reverse the trend?
If so, then holding is the best strategy, since price could recover to 500$ soon and slowly continue upwards.
But if the rebound won't look as being part of the new uptrend, then the worst is to come before the new uptrend.
In such a case, the best strategy would be to sell close to the peak of this rebound and buy back later and lower.
336, going down to 320 within 2 hours!
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
yeah i'm hodling no matter what, i'll buy more if we go under 200
And I won't. I invested in Bitcoin at $500 and am down $150 per bitcoin already.
Looks like some whale is manipulating the market and selling over a 1000 btc each day on bitdump.
Buy bitcoin they said, it will be fun they said....
well i dumped some at 500, i'm buying with those money, i'm not that stupid to let the whale manipulate me
i'm not losing anything, all my btc are instamined, tnx to altcoin lmao
prices at $347 seems as if ur correct 
I think it might hit $320 around this month
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
yeah i'm hodling no matter what, i'll buy more if we go under 200
Ahhhh "HODL!" and "Cheap coins!", the official bitcoin cheerleaders mantra. I expect a slide all the way back to $100 barring some real world financial disaster that the pumpers can cash in on.
What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
So much fear now. If this turns around like you suggest it will be a rocket.
Day trading a bit here.
$345...LOOOoOOOOOL
Ahhhh "HODL!" and "Cheap coins!", the official bitcoin cheerleaders mantra. I expect a slide all the way back to $100 barring some real world financial disaster that the pumpers can cash in on.
What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
At some point the person(s) who unloaded tens of thousands of coins to get us down to this price is/are going to start buying again. Then the greater than 11,000 open short contracts will be closed adding another 11,000 coin purchases in a short space of time. Epic will be too small a word, eventually..
Ahhhh "HODL!" and "Cheap coins!", the official bitcoin cheerleaders mantra. I expect a slide all the way back to $100 barring some real world financial disaster that the pumpers can cash in on.
What if... I told you that... you need to sell 5000BTC to get the price to 341 and only need to buy 5000 BTC to push it abovce 405?
Very high chances to go under 349 within 24 hrs. And if we do, expect 2xx next week. Do you still HODL?
Yes of course. And add more. Duh.
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