Peter R
Legendary
 Offline
Activity: 1162
Merit: 1007
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February 06, 2018, 05:06:43 AM |
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I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?
You don't think we can fall to $3.5k? Not right now, but I think it could rally to 10K+ and then fall to 3.5K My feeling is that this is not a 2014 scenario and we're not heading into a long term bear market. That said, I could see us hitting $3.5k but only briefly. I believe we'll hit new ATH's sometime in 2018. I consider Bitcoin to be the sum of its forks (BCH + BTC + BTG + ...) |
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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February 06, 2018, 05:06:47 AM |
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I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?
They realize that we're probably entering a bear market that could potentially last a couple years or more and want to take a small profit or cut their losses while they can. Only if tether explodes alongside with bitfinex. |
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megadeth
Sr. Member
Offline
Activity: 289
Merit: 252
bagholder since 2013
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February 06, 2018, 05:07:22 AM |
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gdax printed $59xx
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 06, 2018, 05:08:03 AM |
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Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 06, 2018, 05:08:25 AM |
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... And, it's gone!
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Toxic2040
Legendary
Offline
Activity: 1792
Merit: 4141
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February 06, 2018, 05:08:39 AM |
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6k broke..now we can get down to it.
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LastJedi
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February 06, 2018, 05:09:35 AM |
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Are you guys watching Bitstamp live? The second 500BTC buy wall is almost eaten too.
Which is the best exchange to watch the ensuing carnage called the "dip!" ?  I see $5k over night happening oh so easily now. |
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EtherCoin
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February 06, 2018, 05:11:05 AM |
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I wanna know whats going through the mind of someone selling here. Do they think this is their last chance of selling at 6K?
Probably cutting losses, mostly people that have not enough FIAT stashed to survive a long(er) bearish period, even being usually bullish and with some massive (for me) orders at 5,xxx range I feel a bit nervous about the current situation, this has gone down FAST without signs of resistance and this is what creates the dominant negative sentiment. Eth. EDIT: BUY orders, I meant. |
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Wolf Rainer
Legendary
Offline
Activity: 1960
Merit: 1022
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February 06, 2018, 05:11:49 AM |
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About 1k BTC buy wall at $6k on finex.
There was a 500 BTC buy wall at 6100 on Bitstamp. It was dumped in just 3 minutes with big sell orders. |
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 05:13:26 AM |
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Theres no way it could go to straight to 2.5K. That would be unprecedented magnitude and speed in the entire history of bitcoin. Look at the log chart and compare it to the history. We are already geared up for a 100%+ bounce
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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February 06, 2018, 05:13:51 AM |
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I'm feeling like 8k is years away even though it was just 2 days 1 day.
We probaly gonna see a final sell off soon on this leg down.
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rafanadal
Member
Offline
Activity: 368
Merit: 31
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February 06, 2018, 05:15:32 AM |
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I'm feeling like 8k is years away even though it was just 2 days.
We probaly gonna see a final sell off soon on this leg down.
8k was yesterday lol 17k was less than a month ago  |
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EtherCoin
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February 06, 2018, 05:15:51 AM |
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I hope that's the bounce happening right now, I will shut up.
Eth.
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bitserve
Legendary
Offline
Activity: 1820
Merit: 1464
Self made HODLER ✓
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February 06, 2018, 05:15:58 AM |
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... And BOOM!
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TERA2
Full Member
Offline
Activity: 266
Merit: 222
Deb Rah Von Doom
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February 06, 2018, 05:16:03 AM |
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damnit missed one of my orders by $10
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rafanadal
Member
Offline
Activity: 368
Merit: 31
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February 06, 2018, 05:17:11 AM |
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I hope that's the bounce happening right now, I will shut up.
Eth.
Oh come on, u know it's not same thing happened at 7k 8k etc |
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Bitcoinaire
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February 06, 2018, 05:17:32 AM |
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We're just 847 days until the next block reward halving.
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BHSMC
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February 06, 2018, 05:17:57 AM |
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RIP BTC.
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rafanadal
Member
Offline
Activity: 368
Merit: 31
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February 06, 2018, 05:18:09 AM |
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... And BOOM!
Half an hour and it will be back under 6K |
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TeeBone
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February 06, 2018, 05:18:19 AM |
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Holy cow, i spotted a green candle.
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