If the magic coin drops below $10000 it's going to fall even faster since the masses started really buying into it around end of November....if they were smart they would sell now before the collapse comes and coinbase with their millions of accounts is not accessible....it's going to happen...you won't when able to sell once they halt all trades...they have done this a few times.....
Bitcoin Price Thread
- Thread starter Magna
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If the magic coin drops below $10000 it's going to fall even faster since the masses started really buying into it around end of November....if they were smart they would sell now before the collapse comes and coinbase with their millions of accounts is not accessible....it's going to happen...you won't when able to sell once they halt all trades...they have done this a few times.....
Pfff.... chart looks very health to me (actually a very nice entry point at $17000). No freefall at all. And FinTech is booming as never before.
New weekly lows. 13,500 before Sunday a virtual lock. Tumbling again 15,500. All spikes sold into. Heavy downside volume light upside volume. They are running out of retail suckers to sell this ponzi scheme into.
Amateur traders thinking every day was a double on any crytpo they bought are getting a taste of reality. Trading is an art and short term even a newbie can look like a pro. Just like Vegas, you never stop when you're ahead, you go back for seconds. They are going to lose all their profits and most of their principal by end of Jan at latest. When the founder of LiteCoin unloads his entire stake this week. WHAT DOES THAT TELL YOU? Bitcoin cash had it's parabolic blow off top yesterday. Spiked 75% in a day then dropped 30% in 12 hours. Big money funds unloading to these retail fools by the billions. Retail only bought this stuff this month. The big money has been in since beginning of the year planning the ponzi dump. Just like a penny stock that loses 90% of its value. You never will see your money again.
Real assets don't go from 6,000 to 20,000 and back to 15,500 in a month. Bitcoin by end of day will be under 15K. You will see the media start fear mongering and that's when retail unloads. The 50% dump in Bitcoin is very close. It's already down almost 25% from highs. Another 25% gives us 9700 where heroes might pump it again.
Didn't say it was new news. Pointing to the fact when you see this garbage the top is near.
They can't find buyers. Heavy selling. All cryptos tumbling here. Bitcoin is about to breach 15K.
Bitcoin will crash before go higher next year. It’s a healthy pullback.
http://www.gorket.com/2017/12/20/bitcoin-can-go-as-low-as-11000/
http://www.gorket.com/2017/12/20/bitcoin-can-go-as-low-as-11000/
Assuming that people actually educate themselves (I know, a big if) I doubt it will go higher or if so not by much. Probably momentum still carries it for 2-3 months, but after that technology should win and bitcoin becomes a thing of the past giving place to the alt coins. With arbitrage, the futures should make it less volatile thus less exciting. Also futures let money pour into somewhere else, not directly into bitcoin.
The others should do a concentrated effort to educate the public about their existence. Most people still only know about bitcoin.