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Author Topic: The DEATH CROSS is in. How low will we go?  (Read 447 times)
Idrisu
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March 30, 2018, 09:01:20 AM
 #61

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

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March 30, 2018, 09:14:33 AM
 #62

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.
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March 30, 2018, 10:31:33 AM
 #63

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

Oh well, the bears is really taking the market for the first 3 months of this year, and there's no clear site as to when and why are we going to bounce. But we have to take note that its not only bitcoin that is taking so much beating here, the whole crypto market is, so yeah, bears is all over. But as we can't go parabolic for a long time, I don't think that the bears can keep this up. The bulls may be just all around scattered, but we all know that once the herd consolidates, then expect a massive bull run.

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.


Currently we are just a shade above $7000 and weekends is coming. We all know that there are "mini dumps" occurring in those days, so I might as well see the price going below $7000 in the next coming days. But let's put a positive spin out of it and see it as a bargain price to purchase bitcoin.

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March 30, 2018, 10:35:47 AM
 #64

We can't say yet but if bitcoin backs to $7k level I think it will crash again up to $6k. I see no more bad news about cryptocurrency aside from banning the advertisements in fact a lot of good news during G20 summit but yeah, it looks like its not able to break the resistance. We can wait for more weeks and I believe it can finally break that wall and go even higher.

Lol, I have a feeling if bitcointalk started banning ads we'd see even more of a price crash. BTT is where crypto was born and this is still the first place people go to advertise ICOs.
what comes to you that bitcointalk will banned ads?are you ok saying that?this is bitcoin community,and together with altcoins so why would this ban its own advertisements?lol some kind of joke!!!bitcoin talk is not fool to take the rights of its own members to advertise in their own community.

But regarding to the OPs topic this is a common situation for cryptocurrency that experienced a dip,and only weak hands are being affected of this,but us?i assure you nothings bothering us.

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dado7
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March 30, 2018, 08:52:09 PM
 #65



Yeah, I checked it out myself in the end because I was too impatient to wait for a response. a 50% accuracy rate isn't all that great for people to be putting so much faith in to it as a predictor.

$3k-$4k would be in line with the 2014 dip in terms of a percentage fall. In that scenario it took just over a year from top to bottom and a further 2 years to recover. I don't think we'll experience such a long downturn again but if we do it's going to get very painful for many.

Yeah, my thoughts exactly - the only thing pretty much predictable about Bitcoin is that it seems to show a pattern - a same behavior through the year, through different years.
However, although I noticed that I was too lazy to check the figures. Thank you for doing the work parrober!

DPoS2
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March 30, 2018, 08:59:48 PM
 #66

Mtgox are the one dumping their coins and I see this as an attack on crypto currencies market. Last time that we have serious dump like this the governments was behind it and now that most of the regulations issues are over we have started see Mtgox dumping bitcoin at a very cheap prices.

The trustee already sold huge amounts of BTC and until september, when a decision will be made if more BTC needs to be sold, no more BTC is going to reach the market. Furthermore the Mt. Gox BTC adresses are know now and many eyes are on them.
So it's not the Mt. Gox trustee behind the actual decline!
What about accepting that we are in a obviously strong bear market. Two years in a row bulls had a lot of fun and where partying. Now it's the bear's time.

And just to give my prediction how low we could go. 5k is on the table. And with more fear, uncertainty and weakness in the market, hell even 3k could be a possible low target for the bears.
Just have a look on the weekly chart and spot the gaps.



It is worse that Mt Gox hasn't sold ALL their coins..  With them still having plenty it is a cloud over all buyers..  why would anyone want to ramp up into their next dump?

Perhaps they should dump the rest into the next Tether bomb and blow up both bad situations together


 

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