The double bottom was denied. We are going straight to hell, that's it, $1k and the three-digits nightmare train.

I hope you didnt go all-in. Thats the problem with permabulls, they go all-in and when such crash happens, they cant buy the dip.

With the permabears its the same, they sell everything, get squeezed and then become preachers of doom. Rest assured that bitcoin will recover, as it recovered in 2011 when it had a similar crash.

LMFAO.

Exchanges in cellphones dont look safe to me.

The ideal would be a Local Bitcoins version that could be stored in a P2P format. In this way, there would be no worrying about the site going down, hacker attacks and regulatory headaches like KYC. Also, there would be fees only for the transfers (mining fees). You would have a SPV-like wallet for each coin, pegged to this blockchain, and after synching, you would be able to trade each coin, and made deposits in fiat in the same way you can do in Local Bitcoins.

Come back next year.

I dont let a satoshi in exchanges any more.

I retrieved even from Bittrex, before the altcoins were stabed to death.

I want a exchange that can be stored in my computer, a P2P exchange inside a blockchain.

Well, that was impressive. I thought the guy was a scumbag of the worse type.

I hope he can go with civil rehabilitation and that wallet of doom can be dispersed back to Mt.Gox users.

Bull trap. We will stay the entire year in hibernation.

There were several of these traps already, this is just another.

Compare the chart to last year. It had already recovered by this time.

The signs are clear, we are going straight to 1k. Only then we can recover.

I'm not saying I want that, its just how the market looks like right now.

Come back in December for 10-12k range prices.

Nobody is stupid to sell right now, at a historical low. Unless it is a very early adopter dumping his coins for a lambo, which I doubt most here are.

To sell now, even if it is below the last price you paid, would be a mistake, considering all the development going right now.

This is the time to buy, to load the cart, to accumulate.

But it was. The pumps from November and December were artificial. They were too much steep. They started pumping it right after CME futures got announced in October, and dumped it when the first CME session opened in December.

Now I think they will fail, because the more they dump it, the wider is the distribution. People are just filling the gap with buying orders. Bitcoin was in 6k two times already, the resistance seems very strong there. And the Mt.Gox trustee wallet had not moved anymore, so they cant use that to spread FUD.

If it reaches $8000, we can confirm a double-bottom of 6k.

This usually sparks FOMO, but since bitcoin whales are mostly neckbeards wanting to troll the market hard, and it was proven in the past that TA wont work with bitcoin, we can see it falling as well.

In any case, go long, the halvening by 2020 will be big business, for any of us.

Eu estou comprado e estou torcendo pra cair.

Quero encher o carrinho.

Dane-se se estou sangrando, isso é temporário pois os fundamentos estão mais fortes do que nunca.

Finally FA.

We need more charts like that.

Estão todos delirando. O pior aí é o Tone Vays. O McAfee pode acertar por causa do halvening, mas U$100k em 2018 não é mais possível.

Como estamos num mercado de urso, a tendência é de queda. Ou sobe pra 8k e forma um fundo duplo, ou cai direto pra 1k. Não vai ter meio-termo aqui.

The market need to decide if it go up to 8000 and form a double bottom, or if it keeps going down straight to 1000.

Theres no more line of support. Is 8000 or nothing. Its double bottom or a bear year.

Remember when it was below 5k and how much time it did take to breach it on the way up. Its the same now with 6k.

The miners are already at a loss, according to this site: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=4730&HashingUnit=GH%2Fs&PowerConsumption=1293&CostPerkWh=0.12&MiningPoolFee=1

Hope for the best, prepare for the worst.

True. These are the people who spam threads about "will the price go up?" or "you need to remain calm", because they are already desperate and need confirmation that people are not as desperate as they are, they need some comfort. Or then they say this is a "correction" to feel better and deny the reality of facts (a correction wont go more than 25%, anything below that is a bear market).

They wonder if the price will recover, because they dont know about the fundamentals, or they know, but dont pay any attention to it. They want quick profits, they are in only to increase their fiat money, thats why they are triggered by tether printing.

I think not, because I'm basing my speculation in data from previous crashes. In 2011 there was a 94% crash, in 2015 a 87% crash, and current crash is already 70%. From 20k to 200 it would be a 99% crash. I think money will flow in before it reaches this value, and the price will not go lower than $800, in a worst case scenario.

Just because I'm saying it can happen, dont means it will happen.

The "mean" in this chart is the $3000 price which happened on 1st August 2017.

In relation to previous ATH, we already fallen more than a third. $6k is 30% of $20k, so we have fallen two thirds already.

But if you say that in relation to $6k, this would give us a $4k price. I think it will go lower than that. It will go where people will drop it out of despair. In that chart, the "despair" phase is around $800.

The analysts are still wrong. Why? Because this crash is engineered by Wall Street, as simple as that.

This price is tempting people to buy. I can feel it.

Whatever manipulation the sharks from Wall Street are doing, it will fail. The more the price fall, the wider will be the distribution.

And if we reach 8k again, we will have a double bottom, which might spark FOMO.

On the other hand, if they keep dumping it, we will reach 1k in a short time, but it will be artificially engineered, and the temptation to buy will be greater, widening the distribution even more. The price will not stay there for too much time.

People are willing to buy, but they see the price keeps falling, and nobody wants to lose money, so they wait. Some are still buying it with the current price, but their volume is smaller, the distribution is tight (only the richer will be willing to take the risk), so it will need some buying effort to go back to 8k and form the double bottom.

If you are going to do it, buy only with a part of it, because it can fall more.

Buy and hold, as the crash is temporary. The mistake most people do is going to extremes, like being a permabull or a permabear. Nothing is permanent here.

Have a balanced approach to it, and you might succeed.

You probably had three digits of bitcoin. In your case, it was right to use it, because bitcoin was intended to be a currency.

For us with only one digit, we will have to wait until we can buy houses and cars with it. That's why we hold, in the same way some of you did five years ago.

Myself I see in this bear market a opportunity to buy more. That's why people should not go all-in into crypto, for in case such crash happen, they will have spare fiat to buy more. I have 16% of exposure and I'm planning for 25% if the crash reaches 90% from previous ATH. The temptation will be too great to not buy more.