Kim dotcom the cuck
He generates all the hype, and now he delayed the new megaupload... Maybe he is speculating and trying to buy more cheap bitcoin before the real announce.
No he was already hyping Bitcache and Bitcoin reaching $2000 some time ago.He was already invested in Bitcoin.
So he might have finished his speculation, ie. he cashed out and maybe was one of the guys who dumped his BTC at the peak.
And now this is lame announcement. Check his history! That dude always was and probably still is extremely shady!
Show me one person who didn't dump at peak!
Every person here trying to get yourself a benefit....like he...and don't care to others! !!
Yeah, darkholder, you like to assert... "oh, i am just kidding," but you are not.
You are spreading nonsense, and in retrospect attempting to suggest that "everyone" knew when the peak was or that "everyone" engages in the same strategy or "everyone" has the same bitcoin information. Pure nonsense.
Some people were buying at the peak, selling at the peak and holding. Sure in the end there were more coins that were sold rather than bought, but if you were watching the trading while the price was tanking, you will recognize that such selling activity is not organic and widespread, but instead it is largely caused by a few big players (whether it is 10 big players or 50 big players, it doesn't really matter - because it is not some kind of widespread organic momentum that causes such sudden price dips). Accordingly, you have some big players that are dumping 100s and even 1000s of coins at one time for the purpose of driving the prices as far down and as fast as possible, and sure, maybe they do end up picking those coins up later at cheaper prices, but maybe not.. because at some point they are no longer successful to drive the price down. They either run out of folks willing to follow or they run out of coins or both.
By the way, there is no real clarity either that BTC prices were going to reverse in the mid $1100s - because if you recall, there were times that the price had been driven up so fast to the mid $1100s that there were not very many coins on the order books in the upwards direction, and with a few persistent whales prices could have relatively easily had been pushed into the $1500s and beyond - maybe to cause more certainty that the support was not sustainable... People do not know, and when the price is going up, it mostly only becomes clear about the price reversal after such reversal has already happened rather than while in the midst of the uptrend.
You are very optimistic. ..but that's OK. ..hope you are right
I don't think so.
I am not overly optimistic. i am just looking at where we are at, and how we got here.
Do you understand the context of how we got here or BTC fundamentals?
Sure, BTC prices could go in either direction, but the fact of the matter remains that we were in a bear market for most of 2014 (a long correction based on a variety of factors, including several uncertainties that came with the MTGOX collapse), and then throughout most of 2015, we had a prolonged bottomming out, attempts to keep the price down and several additional unsuccessful attempts to get prices to go and stay below $220, which by the end of 2015, we found out just wasn't happening (even though we may not have realized until about early 2016 that we were out of the bear market), and we have been in a bull market ever since.
O.k. sure, there had been a bit of exuberance up to mid $1,100s (but that is likely mostly due to the fact that we had no meaningful correction from about mid-$500s, after the August 2016 Bitfinex "hack"), and therefore our current correction status was a bit of a necessity, but there is no real evidence that we are out of the uptrend and that buying pressure is or has been dissipating.
Therefore, your wishing and hoping for $700s and your mischaracterization of our current place, how we got here and bitcoin price dynamics comes off more as an attempt to spread FUD rather than having any kind of basis in realities... does not mean that you may not end up being correct about the outcome of additional correction or downward price movement, but seems as if you are discussing a long shot as if it were normal and more probable rather than grappling with proper context.. and giving your hopes for $700s etc proper weight which currently seems to be in the less than 30% territory.