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Author Topic: Why was $13,800 unsustainable?  (Read 1251 times)
cocoadreamboy (OP)
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October 04, 2019, 08:48:37 PM
 #121

Thank you. This is financial analysis.

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October 06, 2019, 06:38:10 PM
 #122

13800 was effect of parabolic run .Bitcoin dominance raised from above 50% to 75%.
Any parabolic run is finishing with heavy correction.It is clear liquidity problems volume is slowing nut price is failing. Overall cryptocurrencies  market is failing.in a case of miners higher price less coins they need to sell to cover his expenses.There are now new mining farms on Siberia but who is managing them.Maybe those farms are only interested in  sell and buying gold.Russia is buying more and more  gold
And price about 8K is not really very low at that time of year

 
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cocoadreamboy (OP)
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December 14, 2019, 07:36:22 PM
 #123

13800 was effect of parabolic run .Bitcoin dominance raised from above 50% to 75%.
Any parabolic run is finishing with heavy correction.It is clear liquidity problems volume is slowing nut price is failing. Overall cryptocurrencies  market is failing.in a case of miners higher price less coins they need to sell to cover his expenses.There are now new mining farms on Siberia but who is managing them.Maybe those farms are only interested in  sell and buying gold.Russia is buying more and more  gold
And price about 8K is not really very low at that time of year

It is quite reasonable to assume certain alt's will be rebounding now that Bitcoin dominance is retreating.

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