August 1 may cause a bitcoin crash

You don't need a crypto Ponzi example, there are legit companies like Amazon at $8 or NLX for $5. The problem is, can you name something that is cheap NOW and will be a 10 folder in less than a decade?
 
Pekelo said:
Still looking for a good thread, here is one for a quick ponderable:

https://www.reddit.com/r/BitcoinMarkets/comments/69xbl9/the_flow_of_money/

And again, it depends on what time frame we pick for an LTC - BTC comparison. When do we think people start their protective move?

By the way LTC this year has been beating BTC pretty much on every time frame. YTD, 2 weeks, etc. Smaller drops after an ATH, faster recovery (actually higher recovery)... Sure you can cherry pick one where BTC performed better, but overall LTC is the clear winner this year...
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LTC is actually due for a decent correction so time to be cautious for 'buy-and-hold' investors. Technically, BTC and ETH are at the other end of the cycle.
Hoi said:
I know! And indeed alt-coins were extremely strong against Bitcoin. And that's my whole point that currently this is changing. And that's so odd.... just now at the moment of hyper tension and fear about Bitcoins-protocol change... we see alt-coin capital flowing out more than Bitcoin (in fiat terms) and even flowing into Bitcoin.... That's odd. I just wonder why and for how long?
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As stated above, BTC was overdue for a long term correction. Alt-coins were at the opposite end of the cycle. I don't think there's any need to look into it any further than that. BTC will most likely power on after Aug 1 and the alt-coins will start to pull back relatively.
 
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What a disappointment. The symmetrical triangle broke out downward. It is almost always continuation, thus was my prediction....
 
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