BTC Anyone trading or thinks he/she is trading these small bounces due to some "experts" EW analysis will absolutely blow out their account. Let me repeat - you will BLOW OUT YOUR ACCOUNT trying to trade these bounces. These bounces are nothing but noise. Period. #Bitcoin #Fintech #crypto
@wildbeast, We always find it interesting when a stuck long such as yourself makes a comment like this that adds ZERO to the debate. Perhaps you should take a look at our track record. Good luck.
Darkside999
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@london55555, "Experts" like you will only pray and hope it will only go lower and take 1 side. "Noobs" like me.. make money on both sides..Made big going long on that big candle..at around 8500 I will short down to $5800. ;)
NewYork888
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@wildbeast, We wish you the best because you're going to need it - the way you're trading is EXACTLY how traders go flat broke. That's why we sell - not buy - overpriced options to people like you. Good luck.
pannozz
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This will never hit $1200, I would love for it to as I would throw as much money as I could into it at that level but it never will. I always find it interesting when greedy shorts make a comment like this that adds ZERO to the debate. Perhaps you should take a look at bitcoins track record. I understand shorts are praying for this to keep dropping, might still head lower in the coming weeks but it will never hit $1200. I'm not gonna bother typing out my reasoning as your there is no point since you're clearly blinded by greed on your short position. People need to look at the bigger picture, technical analysis isn't gonna provide any help here. MACD this, RSI that none of it really matters on a longer term perspective. These drops are getting smaller and smaller and at this point they really mean nothing, even if it drops a little further below 6k. Longer term these movements at these levels over the past month or so won't even be a blip on the overall chart. Bears and people with short positions are going to troll this comment and get mad but open your mind and look at the long term picture. The US dollar is a fraud, when the system begins to collapse in the near future people are gonna be rushing to get there money into something more stable that will retain value (ie. gold, silver, bitcoin). The world is changing, everything we do is online and digital it only makes sense that the worlds money becomes truly digital. Paper money is becoming obsolete, blockchain technology and bitcoin isn't going anywhere. Just do some research on the evolution of money since the beginning of time and the pieces will start to fall into place.
NewYork888
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@pannozz, "Perhaps you should take a look at Bitcoins record" Well perhaps you should take a look at ours it's a public record on here and as to your comment that this post adds zero to the debate what does your childish "LOL" below add? I'm wondering if you - now that he's entered the game - consider Mr Soros a "greedy short" as you've called us in such a nasty way? Perhas you should take your own advice and do some research and see what Mr Soros did to the British pound rather than lecture us because you're in a one sided trade. Here's what you're missing with that nasty "greedy bears" comment - we're not bears at all - we're exceptionally deep value investors re FCX @ $4 INTC@15 etc etc etc Obviously you're new at this and exactly the type of "trader" that will be caught on the dance floor when the music stops. We wish you luck - you're going to need it if you're long with Mr Soros on the other side of your trade. Good luck.
pannozz
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@london55555, This does add Zero to the debate, you provide no reasoning for your "$1200" call just a "nasty" comment saying people will blow their account. There's nothing childish about laughing out loud, especially when I was literally laughing out loud at you saying $1200 BTC. You need to relaxxxxx you get so worked up and defensive when someone shines a different light on your one sided opinion. I've seen you blasting Mr. Soros name on here over the past week or so and yes he would be a greedy short as well but in a different way. He would be greedy in the sense of wanting to drive the price as low as possible to scare everyone out of BTC and then buy up as much as he could at the extremely discounted prices and control the market going forward but it will never get down to the $1200 level. People need to be selling for it to get down there and there are a lot of long term holders/investors that will not be selling. I've done my research, I know what Mr. Soros did to the British pound. I was shorting BTC up near the 20K highs so definitely not one sided on this. There's nothing "nasty" about calling someone a greedy bear when it is true. You stated below you're short from 15k and have no intention of covering anytime soon, which brings into the picture the greedy bear comment, always waiting for lower and then when it doesn't get there you're stuck covering on the way back up. It's because of people like you that short squeezes are possible so I thank you for that. All this Soros talk is juts more propaganda and FUD... think logically about why he'd want to drive the price of BTC down... Again I will restate that I would be more than happy if it did drop to $1200 but it won't. Step out of your glass house for a minute before it shatters on you. Good luck on holding your short position down to $1200 you'll definitely need it because Mr Soros won't be there to hold your hand.