Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 07/07/2016, 01:10:19 UTC
LOL I'm gonna laugh so hard when the price gradually goes down after halving.

People think it's just gonna shoot up on halving day lmao


What the fuck?  You sound a bit goofy.. are you smoking something?  Drinking something?  What is causing your fogged up perception?  Wishful thinking?  or talking your book and you sold too early, hahahahahahaha?

Get a life... people don't really know what the price is going to do, but they generally seem to believe that the chances for up is better than the chances for down...

Your presumption regarding downward movement (slowly or whatever) seems to be contrary to the current bitcoin price dynamics and the price pressures.  

Currently, generally the BTC price pressures tend to be upwards, especially after crossing passed $500 and the bears (and anti-bitcoin dumpers) seem to be having a considerable amount of difficulty to get the price to go below $600..

So, in fact, there seems to be a lot of ongoing buying pressure at around $600, so it is going to take a hell-of-a lot of dumping volume to get prices below $600.  Accordingly, if there is any price trickle that is going to take place on low volume, that price trickle seems to be upwards rather than downwards.