I doubt it. All these people drawing cute little lines trying to predict the future. In a few weeks, someone else will draw a new graph claiming there was some pattern to be seen and say "see, I said that!" when it's going up again.
Also, I noticed people in for shorting bitcoin are deliberately spreading negative outlooks to earn money. Unless you are a day-trader constantly watching the market and doing very sophisticated analysis, you are likely in to lose cash in the long run. You also need to be much quicker than if you buy low and sell high. The other way around, your chances are people will use the low prices to buy loads of coins and the price may jump back up much more quickly, while you might have already lost cash.
Shorting is always more risky than going long because you can lose more than just the money you invested. With the money you took to buy bitcoins you can be sure you won't ever lose more than that sum in worst case scenario.
So, I'll save the money used for fortune tellers and use it instead for fortune cookies. At least their predictions come along with some calories.
Topic: del - page 3. (Read 8492 times)
ask the magic 8 ball
http://www.ask8ball.net/
i asked : should i short all the bitcoins
it says : Reply hazy, try again
http://www.ask8ball.net/
i asked : should i short all the bitcoins
it says : Reply hazy, try again
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