It's going to dump slow but steady soon ending at $2500 before the year is out imho.
The retarded FUD flying around at the moment is hilarious. You guys really fucked up not buying in the $3ks. You had months to do it.
I had a said to JJG on this thread in March 2017, it would hit 3-4k. it did.
Get the fuck out of here with your lame ass attempts at historical revisionism.
Yeah, perhaps you made some "cover your ass" posts that were the opposite of you overall and ongoing bear-ish bullshit nonsense.
Historically, the thrust of many of your posts have been to downtalk bitcoin prices, and there have been times that you admitted to having hardly any stash, so best case scenario, giving you some benefit that you might be genuine, you are some rinky-dinky bitcoin player rather than a paid shill.
Regarding your self-proclaimed sorcerer status, would not matter to me whether you are a bear or a bull (although I tend to be tougher on bears than bulls because they tend to be more full of shit in their ongoing attempts to denigrate bitcoin), most regular members here are going to recognize that any attempts to apply certainty to BTC price movements are shots in the dark, at best - yet it is much more reasonable to give decently high odds that long term price movement of BTC is up.... even if that level of UP ends up playing out much more conservatively than otherwise anticipated.
Even though we experienced well over a 2x BTC price appreciation in less than 2 months, and we seem to be sustaining such 2x levels, to me it still seems prudent for any newbie to look at BTC in the longer term 5 years plus (or even 2 years plus) to have a decent amount of anticipation that btc prices are ultimately be higher than they are today down the road, and the confidence (or level of probability) could reasonably be higher the longer the timeline. No need to go through too many exact numbers, but let's take the current $8,700 price, it would be much more likely that BTC prices will be above $8,700 5 years from now as compared with 2 years from now, even though there seem to be decent odds that even a 2 year timeline remains decently lacking in bearishness in terms of bitcoin at least retaining its current value.... and lots of us realize that 2 years from now there are likely to be a decent amount of supply pressures on bitcoin that are going to likely cause BTC prices to be in a real "good" place.
Now im saying this is a typical phase B of the elliot wave, and the volume confirms it.
Yeah... good for you.
At this point, you can fuck your stupid-ass elliot waves, because the price pressures of bitcoin seem to be decently UP, even if we could experience a 30% or more correction from here that could last a month or two. It seems that our two weeks ago quickie 25%-ish correction from $8,200 to $6,200 did relieve some need to take profits pressure and the recking of a few overly-optimistic longs. So, whether we have another 30% or more price correction from here could be in the 50% territory rather than any kind of higher certainty that you seem to be assigning to such bullshit, not only in terms of the extent of the correction that you are expecting (which seems to presume that we are still in a bear market, while the evidence seems to be that we have transitioned out of such previous bear market).
The only hope for the bulls is that there is some massive entity buying up as much bitcoin as possible
No need to paint the situation in such a dire way, because the ongoing BTC buying pressure seems to be much more spread out than you give credit... so even if there is a decent amount of drop from here, let's say 30% or more, then we are going to have to see that play out empirically to verify if various new support levels are going to NOT hold.... You can go all the way down the line to see quite a few areas of support that have to be broken before BTC prices even get close to some area in which discussion of $2,500 would be vaguely reasonable.
Wake me up when (or if) $4,200 breaks, then I will be willing to consider your current FUD spreading pie in the sky lamentations.. of $2,500-ish....
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, but seen as it probably is phase B, (low and decreasing volume) it's far more likely the big investors are waiting for a final capitulation towards the end of 2019.
The kind of BIG investors that you are describing seem to be pretty stupid, to the extent that very many of them exist (and I will give you benefit of the doubt that there are some BIG investors who are stupid enough to be waiting for sub $3k prices and presuming, against odds, that the current local BTC bottom of $3,122 is not the final one for this cycle). In other words, they better get their asses in soon, or at some reasonable price that is quite a bit higher than $3,122, otherwise they might find themselves chasing supra $10k prices.. and wondering what they did wrong. Dumb fucks.
