Post
Topic
Board Speculation
Re: There is an epic shakeout coming this year before the giga-spike.
by
dropt
on 17/05/2016, 04:51:41 UTC
AmericanPegasus, this is definitely your worst post ever.  You're all in on altcoins (god knows why anyone would do that) and Monero is coming to a triangle convergence, so now you're making bullshit posts about Bitcoin because if Bitcoin went up, Monero would automatically converge downwards.  

You should have known better than to try and get away with a post like this when you know I post in this section.  Bitcoin was rock stable at $420 for months, so there's no way your claim can happen.  The worst case scenario it could do is something like $440.  You even drew an arrow to the closure of Silk Road on top of it to elevate the bullshit to the extreme.  The Monero chart is the real reason you made this post.  There is no reason anyone should be holding altcoins during the BTC halving unless they want to lose money, so please, don't make up nonsense to try and prevent alts from going down



IIRC, BFX longs are at record levels and it is certainly possible those longs get squeezed.

Those BFX longs includes BTC, LTC, and now ETH.  It's a muddy indicator, I wouldn't trust it.