Post
Topic
Board Speculation
Re: A lot of salty people right now
by
d5000
on 12/06/2016, 13:52:30 UTC
they stay poor while we become rich

I don't think so. Some of them are day traders or short-term bears. They write a "fud-style" thread to try to trigger a dump and profit from it by shorting coins.

It's naive to think these people believe in a bear market now. I think most of these people know that we're still in the bull market that began last year. But volatility is increasing, that is a sign for the sentiment becoming unstable. These 2-5% dumps that we're periodically seeing now from time to time (these that took us several times from 585-90 to 560-65) are only possible because some people already panic and sell when a large market player takes his/her profits.

In my opinion, we may be reaching the top of the rally in the next few weeks. It's even possible that $652 was already the top, but I think not (I expect at least 700, if not 800).