I've sold most of my BTC at about $290 rate couple of days ago
I've finally realized that bitcoin is currently at a bubble state (took me long to realize that, eh?). In order for bitcoin to function we need as much as $100M market cap which makes like $7 per BTC. Shurely some1 may still hold coins so I guess the price will not drop below $20 (±$10). Not going to predict when it is going to happen, but it eventually will fall to this kinda prices.
Current BTC price is WAY too expensive. If you are not selling now you are going to wait for a loooong time to see $190. I am talking to those permabulls here who still beleive BTC is going up in value soon. Its not. Not giving any advice to day traders here coz I don't know much about day trading.
Time will tell if I'm right or wrong.
I love bitcoin and I believe its a game changer. But currently its a bubble. We should wait until it is down to about $20 per BTC and then buy back in to see it slowly rise to $10k
Posting this because I wish I've seen this kind of advice few months back when I could sell my stash at a rate of $400 per BTC
Dude it's at 199 already again... Seriously these BS threads need to stop, read what is actually going on, the manipulation that drives the price down that cannot continue forever. If you bought the past days you can already sell for a nice profit today.
lollllllll
it hit $150 (the low) for like a few minutes yesterday. Nobody is profiting if they bought the past few days, as even if it hit 200 today, that's still lower than it's average for the week, and much lower for the month.
Yes, we get it. You want everyone to ignore the price and pretent like all is gravy in the crypto world. By the way, there's a very big difference between FUD and reality. By stating that the price is tanking and has been steadily over the past half year is living in reality. The contrary would be living in denial.
A temporary 30-50 dollar bounces in a 24 hour period does not constitute a complete market reversal in public sentiment.
