ivomm
Legendary
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Activity: 1888
Merit: 3081
All good things to those who wait
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November 26, 2020, 07:56:32 AM |
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Good morning WO! I see a lil weak hand shake out happened during the night. Traders must have their cut off losses, this is part of the game. I guess some of them are selling in expectation of some 2017 style correction like 30-40% from the last top. But this time it is different. The big institutional buyers are leading the charge. This never happened before in the history of Bitcoin. They are not looking for short terms profits not to mention cut losses. And indeed in the last 8 months we had only one noticeable correction of 20%. It remains to be seen if this tendency will continue. So far 10%.
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El duderino_
Legendary
Online
Activity: 2674
Merit: 13096
BTC + Crossfit, living life.
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November 26, 2020, 07:59:33 AM Merited by JayJuanGee (1) |
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 26, 2020, 08:09:18 AM |
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... But this time it is different. The big institutional buyers are leading the charge. ...
Institutional investors are not both (long term) accumulating HODLers and Traders. So take your pick. There is no reason why traders could move price down 20-30% in a classic 'good' dip.
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P_Shep
Legendary
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Activity: 1795
Merit: 1208
This is not OK.
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November 26, 2020, 08:13:32 AM |
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Well this is very ungentlemanly.
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nutildah
Legendary
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Activity: 3150
Merit: 8519
Happy 10th Birthday to Dogeparty!
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November 26, 2020, 08:27:39 AM |
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Very unbecoming of gentlemen.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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November 26, 2020, 08:28:13 AM |
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Come back in January my colleagues
My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.
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nullius
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November 26, 2020, 08:31:18 AM |
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A gentleman breaks bread with his enemies.
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 26, 2020, 08:33:04 AM |
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Come back in January my colleagues
My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.
Seconded, although I think it will be $15k rather than $13k
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El duderino_
Legendary
Online
Activity: 2674
Merit: 13096
BTC + Crossfit, living life.
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November 26, 2020, 08:33:47 AM |
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Come back in January my colleagues
My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.
Seconded, although I think it will be $15k rather than $13k Or UP soon-ish
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NeuroticFish
Legendary
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Activity: 3836
Merit: 6570
Looking for campaign manager? Contact icopress!
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November 26, 2020, 08:43:19 AM |
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Or UP soon-ish
More likely. 2017 started with 1000$-ish price while previous ATH was 1200. Now the previous ATH is almost 20k and we have already reached 19k. I expect January start at well over 19k too, which may not give it too much time for falling.
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 26, 2020, 08:46:55 AM Merited by JayJuanGee (1) |
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Come back in January my colleagues
My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.
Seconded, although I think it will be $15k rather than $13k yes, let the indicators cool off a little. let the mainstream media have their "bitcoin is crashing" narrative. let's go back to work. the coming dip will result in the lowest prices possible to buy before we go to new ATH, most likely beginning of next year. this is the dip a lot of folks are waiting for. last chance for nice discounts on btc. it will be funny for those pre/no-coiners that have not paid attention to bitcoin lately. they will read "bitcoin crashed" and in their mind btc is still around 8k or 9k. bitcoin crashing to 14k will be very weird news for them
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Syke
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Activity: 3878
Merit: 1193
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November 26, 2020, 08:51:23 AM |
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Who spooked the honey badger?
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dre1982
Sr. Member
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Activity: 770
Merit: 284
★Bitvest.io★ Play Plinko or Invest!
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November 26, 2020, 08:51:56 AM |
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Well this dump was expected. Wondering how deep this will go this time.
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montaga
Sr. Member
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Activity: 654
Merit: 266
Freedom, Natural Law
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November 26, 2020, 08:52:56 AM Merited by JayJuanGee (1) |
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In times like this
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aesma
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November 26, 2020, 08:54:14 AM |
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Good morning everyone !
I guess I jinxed it !
Fortunately there are no negative merits on the forum :d
Time to call nocoiners and tell them to jump in.
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fillippone
Legendary
Online
Activity: 2324
Merit: 16577
Fully fledged Merit Cycler - Golden Feather 22-23
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November 26, 2020, 08:56:50 AM Last edit: May 16, 2023, 01:00:18 AM by fillippone |
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P_Shep
Legendary
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Activity: 1795
Merit: 1208
This is not OK.
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November 26, 2020, 09:00:35 AM |
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At least I 'took some profits' near the top to get a new laptop
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BlackHatCoiner
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Activity: 1680
Merit: 8280
Bitcoin is a royal fork
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November 26, 2020, 09:02:14 AM |
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Okay, what the actual fαck happened.
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ivomm
Legendary
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Activity: 1888
Merit: 3081
All good things to those who wait
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November 26, 2020, 09:04:37 AM |
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On Coinbase BTC/EUR fell to 11440, while on Bitstamp 13650 lolz
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