TLDR: People giving advice on social media regarding your investment are not concerned about you, but how they can fill their own pockets more while using you. Stop listening to them. This acts as a warning to all who read posts after posts of bullshit on social media full of FUD and false analysis. Specially from those who keep making new alt accounts to support their own bullshit and pretend it is real users calling them good speculators.
Expect to see at least some of them in this topic.
This guy that I chose as my first PoB™ mark is the worse case scenario of all the bullshit you will ever see. But there are a lot more of these around. Literary everywhere.
Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT
The price should peak again at approximately $1208 (Bitstamp) in 3 days and 6 hours from now. After that up to a day of diminishing pattern clustered in tight range around that price, then after that should begin the precipitous decline similar to last month.
And here are some numbers based on the date:
Highest price of bitfinex in April: $1244.7 ---(-30%)---> $871.29
Current price: $1214
Highest price of Bitstamp in April: $1229 ---(-30%)--> $860.30
Current price: $1188
One month after and Current prices are:
Bitfinex $1889
Bitstamp $1855
I repeat again that this is not about speculating, this is about
giving a warning to all possible new members who may want to start trading, investing in this market.
Don't take what you read seriously and run away if you saw a lot of throwaway accounts are defending the person saying it.
He {iamnotback} has several accounts all banned for ban evasion. It seems that the underlying offense which caused him to initially get into trouble (and often the thing which causes his alts to get noticed) is excessive multi-posting.