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Spaceman_Spiff_Original
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March 30, 2018, 04:10:42 PM |
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I don't think there is any panic in the market.  Everyone is realizing that some whale is selling desparately with the hope to convince the traders there is absolutely positively no manipulation. So far utter disaster for him/her. The volume is so low that probably with the exception of this whale no one is selling. Hodlers can't be tricked so easily. The next halvening is at the corner and even if the price falls temporarily under 7K, in less than 2 years the traders will start to buy in preparation of the halvening. After that the pressure on the price will be much lighter (only 900 BTC per day, vs 1800 now) and for another 1-2 years BTC will be heading to 50-100K.  But let's see what the bulls are preparing for this April. This whale is risking unwisely to be left behind with hudreds of millions loss, if we have a continuous upward trend like in April and May 2017. Ah yes, the magical single entity that explains everything. Seems quite ingrained in human psychology. I do hold your belief that we will go to 50-100k too though . |
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greensheep
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Activity: 281
Merit: 45
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March 30, 2018, 04:12:11 PM |
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He seems really sure indeed --> W bottom incoming "If you're a holder, come back in july" ;-) |
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cofefeGandalf
Member
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Activity: 96
Merit: 14
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March 30, 2018, 04:20:33 PM |
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I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work.  Let your hope go already, I want my moon back! |
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pera
Sr. Member
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Activity: 532
Merit: 261
バカ
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March 30, 2018, 04:23:04 PM |
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I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work. Because we still are months away from that point |
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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March 30, 2018, 04:27:33 PM |
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I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work. Let your hope go already, I want my moon back! Shitcoiners, who got us into this mess, have every reason to be desperate. Go check out their forums. Bitcoiner OGs, the Bogdanoff bros got our back, yo. |
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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March 30, 2018, 04:28:53 PM |
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Daily volume needs to double or triple before the end of the day to turn this into a legitimate support bounce.
Might need to breach $6000 again to do it.
Anyone who bought in at less than $1000, this is still too expensive to buy MOAR.
Anyone who bought in from $1000 to $5000 has trigger fingers hovering over the sell button.
Good explanation as to why this has lower to go, more time to go, and nowhere near enough volume. Lots of ups and downs, false drops and rallies to come in the next year or so. |
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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March 30, 2018, 04:31:48 PM |
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I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work. Because we still are months away from that point Could even be a year or two. Still way too much hope, too much anger at the forecasts of lower prices. At the final low, there will have been capitulation, resignation, and full acceptance of the bear market. |
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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March 30, 2018, 04:34:41 PM |
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The price action becomes clear and obvious, if you treat the last 6 months rise and fall as the exception.
If price had simply risen from $3000 in Sept to $4000 now, the bull trend would still be intact.
Price just went too far too fast.
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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March 30, 2018, 04:49:25 PM |
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Bitcoin price $6650 and falling. .......... the more the dump = the better the jump Just hodl. Agree, but I would add : 1. Be prepared to see much lower prices. It is possible, but not certain. 2. Sell enough to make you less fearful of a big drop (irrespective of your cost level) |
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Vlada69
Jr. Member
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Activity: 238
Merit: 5
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March 30, 2018, 04:49:53 PM |
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The poll has been changed! Here are the March poll results:  I am the one in ten... UB40 song... |
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RayX12
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March 30, 2018, 04:52:14 PM |
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I don't like how there's like no desperation at all, way to many hodlers. Thats not how capitulation is supposed to work. Because we still are months away from that point Could even be a year or two. Still way too much hope, too much anger at the forecasts of lower prices. At the final low, there will have been capitulation, resignation, and full acceptance of the bear market. Bullshit... capitulation already happened.. As I said below: It seems like so many bears where sleeping while the bottom was set in with huge volume of capitulation on February 5th.
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tonyq
Legendary
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Activity: 879
Merit: 1001
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March 30, 2018, 04:56:51 PM |
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Why is it that hardly anybody here other than myself and a couple of others will admit the show's over? I know it's hard to accept but it's true. Dark forces pushed it up to its heights in order to be able to obliterate it. Not just Bitcoin....all digital currencies. You are seeing it with your own eyes but sill won't acknowledge it!  |
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infofront (OP)
Legendary
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Activity: 2674
Merit: 2998
Shitcoin Minimalist
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March 30, 2018, 05:01:45 PM |
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Why is it that hardly anybody here other than myself and a couple of others will admit the show's over? I know it's hard to accept but it's true. Dark forces pushed it up to its heights in order to be able to obliterate it. Not just Bitcoin....all digital currencies. You are seeing it with your own eyes but sill won't acknowledge it! You must be new here. |
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RayX12
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March 30, 2018, 05:02:08 PM |
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PUMP IT!  PUMP IT!  PUMP IT!  SOON...  |
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RayX12
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March 30, 2018, 05:03:05 PM |
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Why is it that hardly anybody here other than myself and a couple of others will admit the show's over? I know it's hard to accept but it's true. Dark forces pushed it up to its heights in order to be able to obliterate it. Not just Bitcoin....all digital currencies. You are seeing it with your own eyes but sill won't acknowledge it! You must be new here. Stole Merit? |
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Searing
Copper Member
Legendary
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Activity: 2898
Merit: 1465
Clueless!
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March 30, 2018, 05:04:11 PM |
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Why is it that hardly anybody here other than myself and a couple of others will admit the show's over? I know it's hard to accept but it's true. Dark forces pushed it up to its heights in order to be able to obliterate it. Not just Bitcoin....all digital currencies. You are seeing it with your own eyes but sill won't acknowledge it! Well, denial is easier for some of us...my goal with crypto was to retire 3 years early... I can do that likely on my ALT coins and worse case BTC would have to go below $200 for me not to pull it off anyway... so if it all goes tulips, I will have a t-shirt made saying: CRYPTO: Allowed me to retire 3 years early! So Bite Me! As an endgame/conclusion, it leaves a lot to be desired...but the months-long crying jag, afterward, if crypto goes tulips, I won't notice anyway... (still waiting for the mt. gox trustee to panic sell now and drive the BTC price to 2k..) FML |
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_javier_
Member
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Activity: 444
Merit: 31
Still a manic miner
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March 30, 2018, 05:06:17 PM |
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Most of us bought many coins below $1000. This is fucking annoying, sure. It’s delaying me from buying a nice, big house & never having to work again but long term the price will recover & we’ll all be able to carry out the plans we had at the last ATH.
I think when the price was $19,000 I was HODLING over 35 x my initial investment in bitcoin. **Just quickly worked out** - I now HODL 16-17 x my total investment.
It’s bad but it could be a hell of a lot worse. $20,000 will be back in a year or two & then I hope/expect to see $50,000 per coin by the end of 2021. I’m probably going to sell most of my coins then tbh.
amen to that. My exact thoughts.. |
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cofefeGandalf
Member
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Activity: 96
Merit: 14
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March 30, 2018, 05:06:24 PM |
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Why is it that hardly anybody here other than myself and a couple of others will admit the show's over? I know it's hard to accept but it's true. Dark forces pushed it up to its heights in order to be able to obliterate it. Not just Bitcoin....all digital currencies. You are seeing it with your own eyes but sill won't acknowledge it! That's the spirit! Now everybody repeat with me: "bitcoin is deddd". This time for realz. |
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Majormax
Legendary
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Activity: 2534
Merit: 1129
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March 30, 2018, 05:11:37 PM |
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As I said below:
It seems like so many bears where sleeping while the bottom was set in with huge volume of capitulation on February 5th.
I am glad you are so certain. You comment is valid. IMO only time will tell. Agree the volume might have been sufficient. However time elapsed was not very much. It didn't give enough opportunity for enough ppl to decide, get out or hold. An alternative scenario would be a very long ( year) consolidation between $5k and $9k. I personally would rather see a sharp further fall to ~$2500, to get it over with, in the next few months. After that the rise could be strong. |
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