Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
Note we are back up to the 0.0120 level and I suggest selling. We appear to be in a more major correction. The bottom probably 0.0095 or 0.0103, but I haven't yet completed my analysis of this pullback. I originally thought 0.0118 to 0.012 with a very slight possibility of a smaller pattern bottom at 0.0124. But now the odds of this being a larger pattern correction are increasing. Be bearish for the time being.
It is also possible that we've bottomed at 0.0115, but the current bounce up will likely have to come back to at least 0.0115 again eventually. This is all within the larger move up of LTC to much higher levels eventually.
Iamnotblack 2.0 reloadedIt is also possible that we've bottomed at 0.0115, but the current bounce up will likely have to come back to at least 0.0115 again eventually. This is all within the larger move up of LTC to much higher levels eventually.
In times like this, it becomes easy to detect all the alts of him (maybe some of the mods were interested in this, for a serious case of ban evasion
):iamnotback
BitNet (official) obviously
btcbug : Same posting style and always praising him!
RAJSALLIN : Possible alt, doesn't need much explanation if you look at the post history!
And last but not least, I think we all know about traincarswreck the classic case of one person arguing with himself on a public forum with two different names!
Since he loves quoting himself over and over let me quote some of his stuff too:
Sell all crypto-currency to fiat IMMEDIATELY. BTC will dive -30%. Altcoins will decline even more. SegWit and scaling has been defeated on both Bitcoin and also Litecoin. Also there are macroeconomics things going on which will also hit gold and every asset except USD. Store your money in USD or altcoin USDT
The price should peak again at approximately $1208 (Bitstamp) in 3 days and 6 hours from now. After that up to a day of diminishing pattern clustered in tight range around that price, then after that should begin the precipitous decline similar to last month.
Here are some numbers that the great oracle iamnotback should have mentioned: Highest price of bitfinex in April: $1244.7 ---(-30%)---> $871.29
Current price: $1214
Highest price of Bitstamp in April: $1229 ---(-30%)--> $860.30
Current price: $1188
Still disappointed since you've given us no timeframe.
Current price: $1214
Highest price of Bitstamp in April: $1229 ---(-30%)--> $860.30
Current price: $1188
Still disappointed since you've given us no timeframe.
and current prices are:
Bitfinex price doesn't matter at this point ($1351)
Bitstamp: $1242
USDT price is ... wait for it.... $0.92
p.s It is worth mentioning that the -30% prediction was posted at least 14 times in different topics all over the forum:
https://archive.is/dweLI
https://archive.is/HkddQ