why is "again"??
I think he means that about a month or 2 back, it touched 275 for some time, and then bounced back. Probably refering to that6 hours is hardly "some time".. Just saying.
Topic: Going to ~270 again. (Read 4750 times)
6 hours is hardly "some time".. Just saying.
why is "again"??
Remember every short is actually a contract to rebuy bitcoin at some point in time... so if the bulls squeeze the shorters out with huge market buys they would be forced to cover right away or they might even lose allt heir bitcoins to the exchange, who would probably buy more btc with it, instead of shorting it
why is bitcion going down the last few days anyone knows? something specific happened?
The USD is pumping and Bitcoin bears are minting it short-selling BTC on margin, I think:-[
Edit: I guess that was more a recap than a reason. Also people are simply walking into Mordor and buying ripple now
It's all very sinister I imagine
why is bitcion going down the last few days anyone knows? something specific happened?
The USD is pumping and Bitcoin bears are minting it short-selling BTC on margin, I think:-[
Edit: I guess that was more a recap than a reason. Also people are simply walking into Mordor and buying ripple now
why is bitcion going down the last few days anyone knows? something specific happened?
The USD is pumping and Bitcoin bears are minting it short-selling BTC on margin, I think:-[
Edit: I guess that was more a recap than a reason. Also people are simply walking into Mordor and buying ripple now
why is bitcion going down the last few days anyone knows? something specific happened?
Perhaps, but people hearing how low it's gone compared to it's ATH might consider it worth a bet that it might go up again.
Perhaps..
Perhaps, but people hearing how low it's gone compared to it's ATH might consider it worth a bet that it might go up again.
$340-350 for this bounce
~$300ish for the next round lower
Bounce
Then retest and quite possibly failure of the double bottom
~$300ish for the next round lower
Bounce
Then retest and quite possibly failure of the double bottom
Once we get past 329, price will fall down pretty rapidly.
Tell me more.
Well it hit 326 on bitstamp and dead cat bounced back up to 332, but there's not much support to keep it there.
If things turn really nasty and we go to $120 the news will be full of bitcoin drops to a tenth of it's ATH stories. If it starts to rise after that I expect quite a few speculators might jump on board after hearing the news.
Once we get past 329, price will fall down pretty rapidly.
Tell me more.
270 would be a double bottom - place your bets.
That bottom only held because of massive bidside manipulation last time. Mining companies will be out of business when 270 gets broken, hence they will do everything to manipulate the price. Just like a central banker, ironically.
If 270 gets broken, all them trading bots will get into full fledged panic mode.
That's the reason I don't think we'll go lower than 270, but very close it it. I'm still optimistic.
I'm not so sure: miners only have that much money to play around with. If a few whales panic the entire situation might turn real nasty real quick. If even one big whale decides to cash out, it will have a strong effect on the market. Let's see what the big players will do.
270 would be a double bottom - place your bets.
That bottom only held because of massive bidside manipulation last time. Mining companies will be out of business when 270 gets broken, hence they will do everything to manipulate the price. Just like a central banker, ironically.
If 270 gets broken, all them trading bots will get into full fledged panic mode.
That's the reason I don't think we'll go lower than 270, but very close it it. I'm still optimistic.
270 would be a double bottom - place your bets.
That bottom only held because of massive bidside manipulation last time. Mining companies will be out of business when 270 gets broken, hence they will do everything to manipulate the price. Just like a central banker, ironically.
If 270 gets broken, all them trading bots will get into full fledged panic mode.
...
This is why as of RIGHT NOW 300 is impossible & even 330 will be very very hard to hit.
This is why as of RIGHT NOW 300 is impossible & even 330 will be very very hard to hit.
270 would be a double bottom - place your bets.
Once we get past 329, price will fall down pretty rapidly.
60 dollars to go until 270. Just saying.
Microsoft, ETF, Time, Dell, USMS... NOTHING HELPED. DO YOU THINK SANTA WILL???
Ship is going down and I was too much of a rat, hoping it will recover. Bitcoin was fun but fun days are over.
Microsoft, ETF, Time, Dell, USMS... NOTHING HELPED. DO YOU THINK SANTA WILL???
Ship is going down and I was too much of a rat, hoping it will recover. Bitcoin was fun but fun days are over.
Oh man, you're right. Such despair! It's apparent now that I've read your very depressing post that Microsoft and Paypal and Time will very soon realize that it was a mistake to implement bitcoin and then all the venture capital firms are going to throw in the towel and bitcoin is just going to collapse to zero. All the rabble rabble about Bitcoin being trustless and having virtually no fees and no borders and its use cases for things like smart conracts don't even matter anymore. And since I don't believe in Santa than there's no more hail mary left for me to hope for and I think I'm just going to dump my coins on the market.
Just kidding.
Putting you on ignore
of course we are going down ,the bottom could be quite way down,
BUT, pick your moment as it will rise,patience grasshopper
BUT, pick your moment as it will rise,patience grasshopper
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