Over the last decade, this market has become all too predictable.
The whales now are gunning for sub 50K, and they will eventually crash it down below that.
Why sub 50K?
Because if you look at the chart, that's where they started seriously pumping the market with heavy leverage on 2/25.
They always short it back down to where they started. Dumping into their own (fake) buy walls.
It's all an effort to get weak hands to shit their pants and sell, and to knock stupid guppy day tarders out of their long positions.
Easy problem to solve tho, just HODL.
I have a problem with your seeming assertion of inevitability of sub $50k... I am not going to claim to know anything about where the BTC price is going to go, but we are still not even out of no-man's land (which starts around $55k and the pump actually seemed to have had started around $53k-ish), so it is not necessarily going to be easy to get $50k or even sub $50k... even though surely there are several bears who would really get wet dreams out of such, but the bears don't always get
there their way, since if they did always get their way, we would still be sub $500... Remember the 6-ish months between November 2015 and May 2016, there were so many folks saying that supra $500 was never going to happen again.. and you see how that ended up playing out..
It is sort of funny that this message got cited live by Tomas on World Crypto Network.. it was at minute 50 and 44 seconds (you can hear it
right here (queued in and everything).
He read it (as a "shout out"), and he said, looks they are allowing shout-outs, but he did not speak of the substance of the message, so admittedly, he must not be a WO regular (or perhaps a forum regular).. not that anyone would automatically get the context.
In my world, it's unfathomable that someone doesn't know JJG.
Hahahahaha
BTC dumping harder than many shitcoins
Yeah, but so what?
Why would that even matter? We surely don't give any shits about bitcoin's dominance in coinmarket cap in these here parts or do we?
When we can back at $70k?
Soon.
tmNice to see CB back, with that said FU CB!
While I'm at it FU JJG.
#Thursday
Dear fan(s): It is nice to be remembered so fondly.
Observing $58,237.
58k Gang is back.
I’m not convinced but I really hope the bottom is in. What does everybody think, bottom in or we go lower?
I am going to stick with my tentative sense that the odds for up are greater than the odds for down, since we still are in no man's land.. so we would have to get below $55k before I might change my tentative sense.. .. so as a ballpark idea, we have to be right around 55%-ish odds for up..
