Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 18/02/2016, 20:52:18 UTC
billyjoeallen's short doesn't seem so ridiculous today.

Why do you say that? I had near the worst possible timing.  Shorting over $420 makes sense, but the best thing possible for me to do is just break even. My guess is this thing will peter out at around $450. That was the short I shouldn't have covered.

Look, all the weak hands have seen shaken out in the two year bear market. The problem is that nobody in their right mind will buy now.  That won't stop a pump, because too many people are not in their right mind, but it can't be sustainable until TWO very serious problems are fixed: Mining concentration and scaling. Of the two, scaling is actually the easy one.