Dont let them fool you. We will see a NEW BOTTOM. Maybe BTC at 3400$ again?

[coolcoinz]

Shorts themselves are future buyers, the ideal is gain both ways and some manage that I guess.

Exactly! If you only come to the market to short, and keep shorting against the market, you will hurt yourself. You short to go long and you go long to go short, when the trend reverses.
At this point it's a bit late to short.
If you short now, you bet on the epidemic lasting for a few more months. If you go long, you bet against it. It has to be said: you aren't trading with or against Bitcoin's trend, because what we're witnessing is not a trend, but a panic that originated from stocks, gold, oil, and all other markets.

Nope, I was shorting because I expected whales (yes, that people that converted BTC in ponzi) to dump, but this coronavirus is still worse. I said 8k when BTC was at 13k in summer... then 5k, 3.5k.. now I say $1000 soon. Anyone still thinking BTC is digital gold, safe haven , ... and all this bullshit propaganda, deserves to lose his money.  Do you think I am wrong? Ok, open long.. time will tell us who was right.

I have been long since 2015 and did great.

Ok, fine, according to you I deserve to lose my money. That will happen only if Bitcoin dies, which I'm still willing to bet against. Most of my money was and still is in Bitcoin and will remain there until one day I need it for retirement. We'll see who is going to laugh last.

I can also tell you that I've been here when Bitcoin was trading for $500 and people were committing suicides over it. I still held. Some people just have to lose money to understand the true value of some things.

  The action fits my old chart quite well I reckon, both with trend from last summer high but also some reference even to the 2017 top there such is the vast range we tracked.  So below the 200 week average we are underneath the ice, its abnormal and we'll see how main markets and BTC react in sentiment.   Dare I say it could be considered a positively developing chart from here (if repeating), but we need time as surely the market wont agree all at once.

I'm not a trader, rather a long term investor and from my point of view all indicators are shoing that the move below 6k was driven by panic. It looked like the first move to 6k was a short liquidation wave and the next one that dipped below 4k was a panic followup by people who basically turned off thinking when they saw the first move.
Fear index at ATH, oversold RSI, no change in fundamentals. For me it's a buy opportunity all over again.

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[Kelvinid]

Have to expect more declines in the coming days. But I'd never think that we don't have some room for recovery still we have but we don't know when or until crisis been over. The market mark for another huge dump as the spread of the virus becomes pandemic and it sounds like worrying enough to think of selling. Yes, it can be sort of worries and can be a normal effect because it wasn't normal anymore. But something we need to calm because it never helps to decide but rather fuel at its worse.
We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

[exstasie]

I'm not a trader, rather a long term investor and from my point of view all indicators are shoing that the move below 6k was driven by panic. It looked like the first move to 6k was a short liquidation wave and the next one that dipped below 4k was a panic followup by people who basically turned off thinking when they saw the first move.
Fear index at ATH, oversold RSI, no change in fundamentals. For me it's a buy opportunity all over again.

We are still on very shaky ground. We managed to close the week near the 200-week MA (not above) and that's about the only good thing to say. With that upside fake out just now, the daily and hourly charts both look terrible. This huge wick on notable volume indicates a lot of bulls just got trapped between $5,500-$6K. They will pressure the price down now:

[STT]

Declines in the coming days makes it sound like new lows but I think sure negative action but only to fill in previous movements.   It is a buy generally, harder to say over what time it will recover because it has alot more work to do.    6000 is resistance for now, definetly in a struggle to keep its short term momentum from the bottom as find 2 day average as possible ceiling.  
  So levels of interest are 6000 5500 4700 then 3850 but Im not sure we go back to the low.   I guess BTC being so volatile can quite easily test the nerves and boundaries, need the confirmation to any bottom to really rise thereafter.  OBV if I read it right and just volume generally is that we are caught within this box 6k to 4.7k so I will guess on a touch down before breaking the box either way.

    Most negative perspective would be to see 2014 to 2015 when we last slipped this 200 week and its like over year there it took to step back up and become more bullish & go anywhere.  I do remember a long lull then, lack of interest, belief, excitement and I dont relate that to now when BTC can be more used then ever, avoiding cash notes is sound advice now.

[fabiorem]

what thieves? if degenerates want to gamble with huge leverage on a shady exchange, who is getting hurt?

Everyone.

[Finestream]

We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

Unfortunately we are back at $4k now, bitcoin dump 15% today, a big dump which could result bitcoin to dump further.
Well, it seems like OP knows something here, with the rate btc is going now, its not possible to see $3400 in the next few days.

[Golftech]

We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

Unfortunately we are back at $4k now, bitcoin dump 15% today, a big dump which could result bitcoin to dump further.
Well, it seems like OP knows something here, with the rate btc is going now, its not possible to see $3400 in the next few days.

We again experiencing downfall and we can't say where the market will proceed. Either way we need to focus with our investment and assess your
position from time to time. It's not easy to hold when you keep noticing that the value is falling.
The possibilities of seeing the bottom moving to that barrier is really there needs to be well aware.

[OracolXor]

We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

Unfortunately we are back at $4k now, bitcoin dump 15% today, a big dump which could result bitcoin to dump further.
Well, it seems like OP knows something here, with the rate btc is going now, its not possible to see $3400 in the next few days.

We again experiencing downfall and we can't say where the market will proceed. Either way we need to focus with our investment and assess your
position from time to time. It's not easy to hold when you keep noticing that the value is falling.
The possibilities of seeing the bottom moving to that barrier is really there needs to be well aware.

There is an all out war on multiple levels out there, biological warfare, oil war, regular war, economic war etc. Everybody is throwing what they have at each other and through their proxies. Sources from China are telling me that the government is "shaming" people and kinda asking them "How is Bitcoin doing for you these days?" implying Bitcoin is a scam ( I have one source but if someone else can confirm that would be great). So if the Chinese are off the boat ( for now ) it is possible to see further dumping and stagnation at the levels until at least May when the halving will occur. In other words ..best time to buy BTC ! 

[Kelvinid]

We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

Unfortunately we are back at $4k now, bitcoin dump 15% today, a big dump which could result bitcoin to dump further.
Well, it seems like OP knows something here, with the rate btc is going now, its not possible to see $3400 in the next few days.

I feel bad about the market now. I supposed to think that also and might OP is right about his prediction.
Well, if that suppose to happen in the coming days, I have to accept it and that is the only thing to do rather than being infected with a virus of being a panic seller. I didn't do that coz that was suicide. I know and I believe that this may over soon, I have to wait for it no matter how long it takes. I've been doing this before and there is no reason why I can't make it.

[imstillthebest]

We are already at $5k from $4k in the past day...it was a big jump to see and have some chances to move high again. Well, this only hope (not an assurance).

Unfortunately we are back at $4k now, bitcoin dump 15% today, a big dump which could result bitcoin to dump further.
Well, it seems like OP knows something here, with the rate btc is going now, its not possible to see $3400 in the next few days.

I feel bad about the market now. I supposed to think that also and might OP is right about his prediction.
Well, if that suppose to happen in the coming days, I have to accept it and that is the only thing to do rather than being infected with a virus of being a panic seller. I didn't do that coz that was suicide. I know and I believe that this may over soon, I have to wait for it no matter how long it takes. I've been doing this before and there is no reason why I can't make it.

prediction of op looks legit so yeah , his predictions can happen and its hard to accept it  .

most of us now are hoping for recovery and many threads released lately about hope and recovery of the price and then suddenly there are also this threads that tackles about more declines.  
i like it when you say we have experience this before and we have surived so how much more ?  this are the words that im also holding just to give me stregnth  or hope to continue hodling .  

[ChiNgadOr]

The big problem here is the brain washing we have been suffering by BTC maximalists. They must shill BTC because their future (money in their wallets) depends on new fish entering the system, and  hindering the scape of them who are already in. I can either hold, light a candle and pray, but this won't save my ass when BTC dumps to 1000$ or lower. I don't want to get at this point and say again "shit, I should have sold my BTC at 5k and rebuy now 5 BTC at 1K".
well, make your bets, decide, we will see who was right in few months from now on

[fabiorem]

The big problem here is the brain washing we have been suffering by BTC maximalists. They must shill BTC because their future (money in their wallets) depends on new fish entering the system, and  hindering the scape of them who are already in. I can either hold, light a candle and pray, but this won't save my ass when BTC dumps to 1000$ or lower. I don't want to get at this point and say again "shit, I should have sold my BTC at 5k and rebuy now 5 BTC at 1K".
well, make your bets, decide, we will see who was right in few months from now on

One solution for it is to not sell everything, just a part of it (maybe half, if you are still on profit), and put the order to rebuy lower. So if you miss the mark, you will still hold some coins for future profits (in case of a recovery). People like to deal with absolutes, just look at the answers to my recent posts, you are either a member of the cult or a "nocoiner".

Just a quick reminder for everyone here: the initial intention of bitcoin was to shield investors when financial crisis in the legacy system happens. This was the original idea. And bitcoin failed the task.

However, I will not say the culprit is Bitmex, I will say, instead, that the culprit is the hodler cult, which brainwashed people into treating bitcoin as a religion, ignoring the issues surrounding its adoption. In this way, bitcoin was quietly infiltrated by the legacy system, and now its useless to shield investors from its caprices.

Needless to say, the hodler cult is allied with this doomed system, as some answers from its members to my posts clearly shows. In their view, to have a derivatives casino with 2000% leverage is "normal", even after its proven this caused the failure of bitcoin as a store of value.

They will keep hammering it as a "normal" business, because they are allied with it. So they brainwash people to buy and "hodl" for 200 years while they place bets on these derivatives markets, making fiat money out of people, and jeopardizing bitcoin in the long run.

[Arkann]

First of all, I consider Bitcoin today as an investment that will bring me profits due to the volatility of Bitcoin.  But I believe that every Bitcoin user will receive a much larger profit if Bitcoin is used as a means of payment in a person’s daily life, as the demand for this coin will increase many times over.  But there is a global problem for this, which consists of scalability.  Of course, this problem cannot be solved quickly and whether it is possible to solve it is generally unknown.  Nevertheless, each of us understands that the value of Bitcoin also lies in the fact that Bitcoin is not subject to inflation and this is the main value of Bitcoin that exalts it in front of fiat funds.  If we consider the possibilities of Bitcoin for the near future, then someone can lose or get a good income, it is very difficult to predict.  But I am convinced of good prospects in the future and if I do not rely on Bitcoin as the main source of income, then I will leave Bitcoin for long-term storage.

[Lucius]

The big problem here is the brain washing we have been suffering by BTC maximalists. They must shill BTC because their future (money in their wallets) depends on new fish entering the system, and  hindering the scape of them who are already in. I can either hold, light a candle and pray, but this won't save my ass when BTC dumps to 1000$ or lower. I don't want to get at this point and say again "shit, I should have sold my BTC at 5k and rebuy now 5 BTC at 1K".
well, make your bets, decide, we will see who was right in few months from now on

And what you shill in your avatar and signature? Is this something better than BTC maybe? Most people on this forum are here because they share the same interests, and have the freedom to discuss them in accordance with the rules of the forum. No one is forcing anyone to invest in something, there is no "brain washing" and no conspiracy theories that people like me just want to profit by introducing others to BTC.

Your "few months" slowly ticking, and regardless of the crisis BTC has not yet sunk (to your great regret), and I hope you will be here on May 11, 2020 - though I'm sure you will, like all other fudsters do two things : disappear or add another 5 months to see some new bottom.

[ChiNgadOr]

The big problem here is the brain washing we have been suffering by BTC maximalists. They must shill BTC because their future (money in their wallets) depends on new fish entering the system, and  hindering the scape of them who are already in. I can either hold, light a candle and pray, but this won't save my ass when BTC dumps to 1000$ or lower. I don't want to get at this point and say again "shit, I should have sold my BTC at 5k and rebuy now 5 BTC at 1K".
well, make your bets, decide, we will see who was right in few months from now on

And what you shill in your avatar and signature? Is this something better than BTC maybe? Most people on this forum are here because they share the same interests, and have the freedom to discuss them in accordance with the rules of the forum. No one is forcing anyone to invest in something, there is no "brain washing" and no conspiracy theories that people like me just want to profit by introducing others to BTC.

Your "few months" slowly ticking, and regardless of the crisis BTC has not yet sunk (to your great regret), and I hope you will be here on May 11, 2020 - though I'm sure you will, like all other fudsters do two things : disappear or add another 5 months to see some new bottom.

Are you in love with me?  It is overhelming.. but well, I can handle it as it is online love. One again you are the only one who talks about my signature here, I  only talk about that subject in the respective bitcointalk thread, not promoting here..so sorry, I don't play your game as I am not in kindergarten since  along time ago.
Regarding BTC, (THE PURPOSE OF THE POST), people is free to discuss, so yes, I posted a DETAILED explanation of my claim.. And you are again wrong, there is a lot of brainwahs, shilling, propaganda... Bitcoin is supposed to get mainstream as we talk to friends and family to buy.. seems more ponzi than a multilevel business. who shills BTC? these people that already got big wallets.
The fact is that are many coins much more efficient (faster, cheaper, ..) and less manipulated than BTC (where 95% of supply is under control of 2.5% of addresses). On top of that, lets add the upcoming central bank digital currencies (CBDC).. And to finish, the big coronavirus pandemia never seen before by anyone alive today in the world. Things will get realy worse, all markets will dump and it is already proven the safe haven/digital gold of BTC is bullshit, as it was dumping nearly 65% some days ago. You don't like because you want to marry BTC? great, but leave people decide AFTER knowing ALL the facts.

[Lucius]

Are you in love with me?  It is overhelming.. but well, I can handle it as it is online love. One again you are the only one who talks about my signature here, I  only talk about that subject in the respective bitcointalk thread, not promoting here..so sorry, I don't play your game as I am not in kindergarten since  along time ago.
Regarding BTC, (THE PURPOSE OF THE POST), people is free to discuss, so yes, I posted a DETAILED explanation of my claim.. And you are again wrong, there is a lot of brainwahs, shilling, propaganda... Bitcoin is supposed to get mainstream as we talk to friends and family to buy.. seems more ponzi than a multilevel business. who shills BTC? these people that already got big wallets.
The fact is that are many coins much more efficient (faster, cheaper, ..) and less manipulated than BTC (where 95% of supply is under control of 2.5% of addresses). On top of that, lets add the upcoming central bank digital currencies (CBDC).. And to finish, the big coronavirus pandemia never seen before by anyone alive today in the world. Things will get realy worse, all markets will dump and it is already proven the safe haven/digital gold of BTC is bullshit, as it was dumping nearly 65% some days ago. You don't like because you want to marry BTC? great, but leave people decide AFTER knowing ALL the facts.

I'm talking about something that is fact, and you are promoting scam project, or better to say you shilling it more than most people any other project, including BTC. https://bitcointalk.org/index.php?topic=5132229.msg54083976#msg54083976

Also, what you are shilling so hard is based on plagiarized whitepaper, although you and your team don't have any particular problems building your business on something that doesn't belong to you. https://bitcointalk.org/index.php?topic=5133185.0

I will not comment on all the other nonsense you wrote, you completely ignored one of my post before, but now I see you are rather moody, due to the price of BTC, pandemic, or something else...

[ChiNgadOr]

Are you in love with me?   It is overhelming.. but well, I can handle it as it is online love. One again you are the only one who talks about my signature here, I  only talk about that subject in the respective bitcointalk thread, not promoting here..so sorry, I don't play your game as I am not in kindergarten since  along time ago.
Regarding BTC, (THE PURPOSE OF THE POST), people is free to discuss, so yes, I posted a DETAILED explanation of my claim.. And you are again wrong, there is a lot of brainwahs, shilling, propaganda... Bitcoin is supposed to get mainstream as we talk to friends and family to buy.. seems more ponzi than a multilevel business. who shills BTC? these people that already got big wallets.
The fact is that are many coins much more efficient (faster, cheaper, ..) and less manipulated than BTC (where 95% of supply is under control of 2.5% of addresses). On top of that, lets add the upcoming central bank digital currencies (CBDC).. And to finish, the big coronavirus pandemia never seen before by anyone alive today in the world. Things will get realy worse, all markets will dump and it is already proven the safe haven/digital gold of BTC is bullshit, as it was dumping nearly 65% some days ago. You don't like because you want to marry BTC? great, but leave people decide AFTER knowing ALL the facts.

I'm talking about something that is fact, and you are promoting scam project, or better to say you shilling it more than most people any other project, including BTC. https://bitcointalk.org/index.php?topic=5132229.msg54083976#msg54083976

Also, what you are shilling so hard is based on plagiarized whitepaper, although you and your team don't have any particular problems building your business on something that doesn't belong to you. https://bitcointalk.org/index.php?topic=5133185.0

I will not comment on all the other nonsense you wrote, you completely ignored one of my post before, but now I see you are rather moody, due to the price of BTC, pandemic, or something else...

Once again..what you talk about has already been covered but you didn't wanted to search or read it. Anyway this post is about BTC. Obviously you don't have anything to add or can deny my claims.. but your portfolio dropped a 40% since I opened this thread, and will go worse. Ok, you are free to hold it and keep losing money, and I am free to express my points so others don't get trapped and lose their money. I have seen already too many people cry because they lost money.. and the problem was, when the money didn't belogn to them. I just warn people so they don't make the most stupid mistake of their lives, purchasing now, thinking that BTC is dirty cheap and can only go up, because will happen just the opposite.



PS: will come back to you when BTC reachs the 3k mark again.. and later on 1K 

[fabiorem]

I agree with ChiNgadOr and that's why I'm now a supporter of BSV.

The hodlers cult wants to delude people. Just look at their thread, the WO thread, where their clique displays their luxuries, like cars, yatchs, hookers, expensive restaurants, etc. They want to fool uninformed people to buy bitcoin and expect those things will appear magically if they hold for some years. All lies.

The clique is made of earlier adopters, who started to invest when bitcoin was still a currency for buying Magic the Gathering cards. That is, it is a ponzi scheme, and even people who adopted it post-2013 bubble (like me) dont have all those luxuries they try to sell to people. That's one of the reasons bitcoin is going to three digits: investors dont want to put money into it after bitcoin's recent failure to shield them from a financial crisis, caused by a fake "pandemic".

I just feel sorry for the miners, developers, etc, who are really involved with several different projects, both on bitcoin and other cryptocurrencies, and dont need to show off cars, yatchs, hookers, etc. These guys are having their work being destroyed, corroded by the inside, by bad marketeers, who happens to gamble with paper speculation, to bring bitcoin down and the entire crypto sector with it.

These marketeers appeals to the most stupid side of the human brain, the one which controls consumerist impulses, and pack it together with empty promises of "worldwide adoption", while at same time preaching "freedom" for paper speculation to quietly infiltrate and destroy it. They gamble into it, otherwise they would not defend it. To say Bakkt and other financial devices will bring some good to bitcoin is to treat bitcoin (and all the other cryptocurrencies) as simple ponzi schemes. Turns out it becomes like that, when all you have is a small clique, a very closed club, benefiting from it, at the expense of all the others, who actually believed on the potential of those projects. That's why this bear market is permanent, and bitcoin will dump to the bottom of $0.85 in 2028.

[Lucius]

but your portfolio dropped a 40% since I opened this thread, and will go worse. Ok, you are free to hold it and keep losing money, and I am free to express my points so others don't get trapped and lose their money.

40% you say? As far as my memory serves me, the price of BTC was even lower in December 2019 (around $6500), and at this moment is $6800 - what I lost since you open this FUD/Self-promotion thread? What I lost since 2015 when I first time invest in BTC at price of only $200? My portfolio is up more than 30x since 2015, and this is hard fact which you can challenge as much as you want. From time when faucets pay 5 BTC per claim, and to time when 1 BTC is worth almost $7000 many people like you are been buried BTC hundreds of times, and none of them are on the forum anymore, you will be just one of them.

PS: will come back to you when BTC reachs the 3k mark again.. and later on 1K 

You forget that if BTC fail, all other crypto project will follow - and that is including that crypto-exchange you are working now, and that project you are shilling. Your speculation was, and still is "in next 5 months" since the opening of this thread, so you have until May 11, or you will still extend the timeframe to another 5 months, maybe 5 years?

I agree with ChiNgadOr and that's why I'm now a supporter of BSV.

That's why this bear market is permanent, and bitcoin will dump to the bottom of $0.85 in 2028.

This should be recorded for history, see you in 2028.

[gentlemand]

I agree with ChiNgadOr and that's why I'm now a supporter of BSV.

All the signs were there. Looks like the infection took hold, there's no way back and now the only things left are 'thoughts and prayers'.

You forget that if BTC fail, all other crypto project will follow - and that is including that crypto-exchange you are working now, and that project you are shilling.

This reminds me of the phase that r/btc went through. They latched on to the idea of Tether being the thing that would 'bring Bitcoin down' and spent weeks ghoulishly fingering their toilet areas in a frenzy as they pondered the various scenarios in which it would play out.

They could not muster up the calories to make the cognitive leap that it just might affect every other shitcoin very much too including their own one.