Topic: There is an epic shakeout coming this year before the giga-spike. - page 6. (Read 8154 times)
many have tried to shakeout the weak hands in the past few weeks but none of the has worked so far to be "epic" and the rise or giga spike as you put it seems to be delayed because whales aren't apparently satisfies with what they have accumulated so far!
so I will be reach and able to leave my day-job? good, thanks for info.
If I were you I would be holding onto that resignation letter for a while longer as you might end up in a bind real fast
Don't believe blindly in graphs as even though history tends to repeat itself nothing is set in stone and the price of Bitcoin may very well not reach the height people expect it to. But I would like to add that I hope the price sky rockets and everyone is going to make a pretty penny out of this upcoming pump.We need to stay grounded though lol.
I don't know.Just because something happened in the past doesn't mean it will happen again.
And even if it would, I'll be fine and would try to take advantage of that.If others don't want their coins anymore and dump them massively I'll be happy and pick them up for a really nice price!Thanks in advance!
And even if it would, I'll be fine and would try to take advantage of that.If others don't want their coins anymore and dump them massively I'll be happy and pick them up for a really nice price!Thanks in advance!
so I will be reach and able to leave my day-job? good, thanks for info.
Sorry, no huge shakeouts and no epic spikes, expect a $400-600 trading range thru the end of 2016.
Waiting to buy at 150$...
shakeouts have been happening, it is not new and can't get bigger than this. the difference is that the market is much bigger than anytime before in the past. no shakeout can bring the price lower than $440 at the current state.
Those BFX longs includes BTC, LTC, and now ETH. It's a muddy indicator, I wouldn't trust it.
AmericanPegasus, this is definitely your worst post ever. You're all in on altcoins (god knows why anyone would do that) and Monero is coming to a triangle convergence, so now you're making bullshit posts about Bitcoin because if Bitcoin went up, Monero would automatically converge downwards.
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down
IIRC, BFX longs are at record levels and it is certainly possible those longs get squeezed.
Those BFX longs includes BTC, LTC, and now ETH. It's a muddy indicator, I wouldn't trust it.
IIRC, BFX longs are at record levels
If you drink the idiotic, MatTheCat Koolaid and claim the market can only move in directions that are the reverse of where investors go. This claim is essentially saying it's not possible for the market to have any fundamentals whatsoever and everything is nothing but a stop loss hunt. Even if you believed this idiocy, the price was stable at $420 for several months, and the last few attempted shakeouts only got the price to $440, so everyone already knows where the floors are. Since everyone knows where the floors are, attempting a shakeout is pointless when even more longs would pile in than what already exists.
Here was the last orchestrated shakeout event from like a week ago. Someone with $3 million or so tried it on Bitfinex. Bitstamp, Coinbase, and everyone else refused to follow their scam attempt and stayed $5-$8 higher:
AmericanPegasus, this is definitely your worst post ever. You're all in on altcoins (god knows why anyone would do that) and Monero is coming to a triangle convergence, so now you're making bullshit posts about Bitcoin because if Bitcoin went up, Monero would automatically converge downwards.
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down
IIRC, BFX longs are at record levels and it is certainly possible those longs get squeezed.
A magical flying horse from a different fandom?
With sound financial advice?!
With sound financial advice?!
or two donkeys laughing advice for half price or free even.
AmericanPegasus, this is definitely your worst post ever. You're all in on altcoins (god knows why anyone would do that) and Monero is coming to a triangle convergence, so now you're making bullshit posts about Bitcoin because if Bitcoin went up, Monero would automatically converge downwards.
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. Is anyone expecting the already closed Silk Road to close down again?
The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down:
Monero Chart:
You should have known better than to try and get away with a post like this when you know I post in this section. Bitcoin was rock stable at $420 for months, so there's no way your claim can happen. The worst case scenario it could do is something like $440. You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme. Is anyone expecting the already closed Silk Road to close down again?
The Monero chart is the real reason you made this post. There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down:
Monero Chart:
I'm going to hang on for the ride though I don't share the same optimism or certitude as a lot of folks here about the price. And if we hit $1800 per bitcoin at any point this year I would take a profit without question. It'd be nice to see that price level but I'm not holding my breath.
Thing is... well it may happen or not. But charts do not have life for themselves. Big raises reflect a lot of people putting dollars into BTC in a short ammount of time. And it does not seem that easy that will happen.
everyone selling all at once does not seem very likely either...
i suspect the start of the rise will not be due to alot of buyer pilling in more like to few seller allow a few million to really move the market.
i mean if we have 1 million die hard fans that will each HODL on avg 20BTC like there life depended on it, well then... we have a problem!
so i think it'll start like that, to few sellers, and then the all price increases week in week out will bring on a new wave of poeple who will all pile in at once while the bitcoin nutters all HODL and then... well then... ha ha! KaBoom 32,000$
Sounds good to me. Nothing like a good shakeout to separate the weak from the strong followed by the weak panic re-buying from FOMO.
Thing is... well it may happen or not. But charts do not have life for themselves. Big raises reflect a lot of people putting dollars into BTC in a short ammount of time. And it does not seem that easy that will happen.
A magical flying horse from a different fandom?
With sound financial advice?!
With sound financial advice?!
That was a fundamental event; SR shut down.
Kinda ridicolous to claim the same thing will happen again...
Kinda ridicolous to claim the same thing will happen again...
Agreed! @OP
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