Topic: SELLL!!!!!!!!! TESTED 2X AT 10200 = CRASH!!!!!! - page 2. (Read 636 times)

When it goes back up you'll be screaming "Bitcoin to 100K!!!" like you were a few days ago.

Less than 0.5% of the world population have bitcoins.

There's more space to go up, than to go down.

Because people like THE Bitcoin.

We have seen this already - I was wondering why Bitcoin even got past $5000 in the first place. All during the Summer last year I was betting on ETH to be the big thing, but Bitcoin boomed instead.

It was because Bitcoin was and still is the face of crypto.

In marketing, the brands and the associations mean everything, not the utility use (which is also constantly evolving)

We are all destined to go through the same motions - when Bitcoin drops significantly, we call it a crash, and people panic, and believe it will never recover.

I thought the same thing about my WAVES back in Summer 2017, for sure.

More wallets are being created every day, even as the "crash" commences - that's a fact.
 
wall street traders have incentive to pump the price as high as possible, and dump it all to get their shorts. Another fact.

I'm waiting and not caring too much, since I was never going to take profits until a few years at least.

LOL if that would be the only function then why BTC and not any other coin? The whole reason BTC was worth more than the others was that it was more accepted as payment system. Now that it turns out to fail there, the value is just gone.

As i've predicted when btc was around 11,5k that on third/fourth test it will go below 10k, and now it will keep dropping even faster. Lol at people who didnt listen to me

Because its purpose is not confined to a payment system, but rather it can also be a decentralized store of value (that increases vs. the dollar). What governments that are significant, other than China, have banned it?

The beauty of crypto is that no coin is truly dead.

Right now the "crash" we're seeing is NOTHING. It's a speck.

Imagine what the alt-traders were thinking in Summer 2017, or the Bitcoin traders in 2013?


And we're not even close to that yet.

no reason to see more adoption

But why do you think it goes back up ? It clearly failed as payment system. Governments are banning it. LN is a joke. Why would it go up again, I don't see it

Only people who are daytraders will care.

I don't care if this thing goes to $3000 - long term holding will see it all the way back up.

Adoption levels are so low that this thing is still in SLEEP MODE right now.

You people don't understand that, in the bigger picture, we are currently in the area in 2011-ish where Bitcoin prices fell from $10 to $2, etc. which no one today cares about.

A Bitcoin will be 50k in 2018, or 2019 - guaranteed minimum.

LOL.

"It's trading 17000 now, great time to buy"
"It's trading 16000 now, buy more"
"Wow, 15000 it will bounce soon, buy now"
"14000, very cheap to buy more"
etc etc etc

Now we're at $9846, soon at $7000. Don't believe? Just wait

Haha, now that's funny

Yesterday, you said:   "WHY I BELIEVE BITCOIN WILL REACH A NEW ALL TIME HIGH VERY SOON."
https://bitcointalksearch.org/topic/m.28222824

Shut up and have a prozac.

And it bounced back on the retest.

That means a recovery is coming!

This crash happens every year, always in January.

This year is more intense, because of futures markets. They opened in December because they studied the charts, and noticed the usual crash in January.

Most of the pump starting in November was done by millionaires associated with hedge funds. This was after futures was announced by the end of October.

When futures opened in December, they bet on shorts, and using leverage, sold contracts by 10x the price. They sold contracts without having it, taking loans from the house.

Then they go back to the bitcoin exchanges and short it. They dont do it alone, but in groups, so it is all coordinated, like they did with gold and silver before. The short provokes a panic, the price matches the contract, and then they cash it out, with 10x the price stipulated in it. That is, if he shorted 1000 bitcoins, he got 10000 bitcoins, but with the value in cash.

What he will do with all this cash? He will buy more bitcoins and pump the price again, this time even higher because of the leverage. Rinse and repeat, and a lot of people will suffer from it.

It will become worse when it opens in Nasdaq, probably by April or May. Probably bitcoin will be "tamed" in a couple years, like they did with gold and silver. We just dont know at what price it will stay, as some of these millionaires are bulls and will bet on longs.

Now, someone will say that if you hold your bitcoins in cold storage, we might get safe due to smaller supply. But what dictate the price is what is being traded on the exchanges, so they can do the same thing with a low volume.

But nothing of this is possible if there is no panic.

The return to the mean in Eliott's Wave is between 5k and 8k. It should be 8k, if we count only those institutional pumps, but theres the panicked noobs, and they will drive the price even lower, to around 5k.

Bears will say the mean is between $200 and $800, but most of these bears are shilling for BCash, and wants the flippening to happen. However, every altcoin is going down with bitcoin, due to the panic. Notice that theres no future markets for altcoins, only for bitcoins, so the real driving force on this crash are the noobs selling it at a loss.

I pray to all people who read this that they've sold on time, bigger crash will follow very soon!

LOL soon bitcoin will be back into bullish trend but I didn't understand the logic of OP why he is trying to make panic the people without any source. Better avoid this kind of FUD and stay calm.

Buy back in 5 years, sell again in 10 years, profit!

trading < $9900 now, I don't think it will recover this time