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June 04, 2016, 03:10:07 PM |
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Let's make this clear once and for all. There are people here who know what they are doing by doing TA and so on, and they can sometimes predict the right outcome for the price for bitcoin. But most of you just drop silly comments and make stupid threads about how we are going to be dumping and dumping because we can't for example hit $600 so we got to get back to low $500 or high $400 etc.
Anyone that knows what they are doing, know that it's China who is in control of the price. Chinese investors and miners are manipulating the price to make the most profit. We are all small players in the game, some of us profit, some of us lose, just like the stock market.
You maybe think that this thread is silly, but I can gurantuee that the most silly thing is people that thinks we are not going to higher price levels because of the halving and that there is no buy orders etc on some exchanges. If China want to, we will see $1000. I would be happy with anything above $800-900 to be honest, but the more, the better. Grab some coins if you can, at your own risk. And hold, don't be a cool guy trying to daytrade but ending up losing the big profit for some small amount.
And after bitcoin, China will take on ETH. I know this because i've been in contact with a few chinese people that are in the market and that's how most people look at it. Litecoin is to small, there is more money in Etherum than Litecoin, and for that reason we will see a new ATH in ETH as well, around/after halving in July. My guess is around $50 for each eth, which is very realistic based on the fact that Litecoin went up to $40 etc when bitcoin was strong.
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