Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Where is the next support level? I don't see one. This might be it for ETH 0.0-anything range.
0.015. It's blown through all the rest.
Of course 0.02 is psychological (and there are probably a ton of stop losses there) but it didn't really take a rest there significantly on the way up. I'm wiping the sweat of my brow right now. Felt the earth juddering just b4 I went to bed last night and dumped everything at 31.
There'll be a rebound at some point but I think I'll just go to the park as bungee jumping's not my favourite sport
Now you can see the whale manipulation going on over there - someone just placed a quarter million dollar buywall. It started getting trashed so they upped the stakes to near half a million dollars. That did the trick and now the shorts are getting liquidated. Bounce coming then the same again at the top in reverse.
EDIT: Wall now pulled I think. Some people are getting totally stripped of their BTC that took them years to accumulate.
This is why I don't feel quite as bad about missing out on the ETH rise. Without the experience I've had watching the markets for this long, I'd probably still be HODLING as the markets entered freefall.
We are seeing the exact same thing over and over and over again. Everytime a coin massively spikes, everybody always says "this time is different." /r/ethtrader and polo trollbox has all these people saying "You'll be sorry if you sell now" or "You'll be sorry if you short now."
I guess it's human nature to think that this time will be different. Look at all the "real world" economic crises we've seen. It's just extraordinary.
It will be very interesting to see if/how much of the newly cashed out BTC look to Dash for a home...
EDIT:
Quote
aliensyntax 7 points an hour ago
There is no negative news to drive the price further down. The fundamentals are too strong. There is too much momentum and network effect behind the system. There is more good news coming out on a daily basis. New projects are being rolled out in multiple industries. The people invested in this technology, the ones driving its adoption, are not only true believers, they're financially secure and capable investors. They'll keep the market up regardless of price fluctuations. And so on ad infinitum.
There is no negative news to drive the price further down. The fundamentals are too strong. There is too much momentum and network effect behind the system. There is more good news coming out on a daily basis. New projects are being rolled out in multiple industries. The people invested in this technology, the ones driving its adoption, are not only true believers, they're financially secure and capable investors. They'll keep the market up regardless of price fluctuations. And so on ad infinitum.
How many times have we seen this sentiment? With everything from Aurora to Blackcoin to Paycoin and yes, even to Darkcoin during our crazy rise/fall in Summer 2014.
Quote
[]
AnythingForSuccess 2 points 53 minutes ago
Not shitting in the slightest. Fundamentals are solid.
permalinkparent
[]
BGoodej 1 point 25 minutes ago
I think it's more like that:
Real bag holders did not lose a cent yet, they're probably buying the dip. Some day traders are laughing, but most are crying over their realized losses. Panic sellers will be crying soon after the rebound.
AnythingForSuccess 2 points 53 minutes ago
Not shitting in the slightest. Fundamentals are solid.
permalinkparent
[]
BGoodej 1 point 25 minutes ago
I think it's more like that:
Real bag holders did not lose a cent yet, they're probably buying the dip. Some day traders are laughing, but most are crying over their realized losses. Panic sellers will be crying soon after the rebound.