yeah, we'll bulltrap and beartrap our way into the future very likely ...  

just bought some LTC and i already regret it (lol)

edit: yeah fuck it ... bulltrap (who would have thought  )

sellwall on stamp, sellwall on btcchina, sellwall on huobi

Weak buysupport everywhere. The only one slightly bullish is bitfinex on a thin market in both directions.

So i buy after confirmed uptrend, thanks. I think it's going to drop more.

Got to move, guys. Catch you later. Don't be butthurt so much. 

Smaller marketcap combined with novelty and hype is better to handle than large marketcap and dwindling interest.

Right now maybe good to just capitulate and let it hit the natural floor so everyone can be a bull again. 

It's danergous to be too sure about an investement. All merchant adoption and community support, not even infusion of big money by wealthy investors outweights the inflation - that's all i know.
The infaltionrate trumps it all. We have seen that. You can't rely on a new hype right now.

So you have to battle that deamon of the inflation to win this. But you are probably unaware.

Thanks for being so caring. I would recommend you save your own ass. But thanks.

I haven't been beartrapped so far. I am only always bulltrapped so i stopped the longs for now. Or what was your question?

You want to tell me you see an uptrend and i should be scared to be beartrapped? Seriously?

I think it's interesting how bitfinex and okcoin battle eachother.

This is how bitcoin works, sure. You need to constantly throw money at it to pay the tax to the miners. If you don't: it drops until it's affordable again.

Bagholders need to constantly buy - not just one time- they need to buy all the time. Who else should uphold the coin?

The days of novelty, hype and big profit are the past. This is swim or sink. Public doesn't want it. Too volatile crazy.


You have an inefficient coin with big miningindustry to support. If you are bagholding you better go out and promote the shitcoin so it doesn't collapse in on itself.

buysupport looks weak in fact

I think shortsellers continue to have better odds.

sure - needs 5 million USD in a week in fresh money just to hold this price. You think 5 million will be invested next 7 days? And mind you: that's just enough to prevent a further drop.

someone sells off below 1150 cny and panic commences.

Bulls stopped the drop too early. Now it hangs in the air and doesn't know what to do.

yeah, LTC sells off
this is going lower sooner or later

market is weak

The opposite:everyone is brainwashed into eternal bullmarket.
What took it down was sellpressure from miners aka inflation. I don't believe in conspiracies.
No beartraps happend for more than 1 year.
Please spare me the permabullshit.

This is going nowhere until halving, no worries.
And for halving you get a big pump and then the analrape (in case it survives that long). Just deal with it.

Well, the channel it is in now between 1220 and 1150 must be recognized too. Slighlty rising channel. Maybe bagholders are lucky for today and don't suffer more fatal losses.

We'll see in which ever direction it goes. In case it breaks down don't hesitate to sell. In case it breaks north, don't rush in. Just close and short after next leg up in case it even happens.

Around 1220 is major support/resistance. Don't think it'll go much higher. Chances are good for more selloffs imo.

'sell, sell, sell and then some' - short enough?

There is going to be a big drop and then a big nothing followed by a run on altcoins.

you really believe in it, do you? Rule no.1: never fall in love with your investement. Rule no.2: cut losses early

The ATH is not coming back. It will be cheaper, no worries. We will literally choke on the coins.

... and here is your selloff. No need to thank me for doing calls spot on.

If it doesn't now it'll do later. Every movement north is a bulltrap currently.

inflation outweights merchant adoption and community support - it's actually a major marketforce - and it is one people do generally not understand because they can't math.