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1801
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: December 09, 2017, 08:49:45 PM
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Yea, I was surprised nobody was freaking out over a $3 billion govt dump. It will likely be auctioned off like all other confiscations, but still, who the fuck wants to buy $3 billion of imaginary bitcoins using wealth that took generations to acquire? Especially when you have things like bitcoin cash and all these other forks going on. It's not longer safe to pretend there's only one chain. You could be buying $3 billion of invalid chain lol. A hedge fund can buy those coins from the bulgarian state and dump it selling contracts for shorts at CME, then apllying 10x leverage to win the bet and buy back the coins at a low price. |
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1811
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Economy / Speculation / Re: Calling top at $16500
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on: December 08, 2017, 10:56:44 PM
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Is it, "this time it's different?" Probably not. What I don't see happening is a long, protracted bear market. It will be good for things to cool down for a bit.
Theres no way to have a "multi-year bear market" anymore, because at that time, there were very few use cases for bitcoin, and Mt.Gox dominated the exchanges. Now bitcoin is going mainstream, so if there is a bear period, it will last no more than one or two weeks, and it will lead to even more intense bull runs. People will just buy it due to increased demand. |
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1814
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Economy / Speculation / Re: Calling top at $16500
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on: December 08, 2017, 06:28:53 PM
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You hit it, sgbett.
The bears are out of the cave.
Everybody, get your rifles.
I could still be proven wrong, but if not I was out by 1% the top on bitstamp was $16666.66  It will hit support levels now, in a flash crash. Something around 7-9k. But it will be a short window. Then it will rise again, as always. |
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1816
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Economy / Speculation / Re: Do you regret selling your BTCs？
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on: December 08, 2017, 01:39:48 PM
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Im just a small dolphin, OP.
I only sold btc to pay my file cloud service. Regretted it, should have used fiat instead.
I also sold some to buy altcoins, but most of those were eventually sold to buy bitcoin back. So no harm here.
Never shorted it in a fiat exchange, though. Been thinking about it, but its too risky.
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