Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.
Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.
Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.
I entered Bitcoin during the mother of all bear markets. I'm conditioned for doom.
You people merely adopted the doom, I was born into it.
What if I told you JayJuanGee posts caused the bear market.
@BBM - what you talking about? Entering BTC during 2014? and then suffering through that whole year of bear? and also 2015 was largely bearish too, until towards the end, no?
Many of us who had been buying through 2013, 2014 and 2015 are in similar situations.... we kind of have fears about being dumped upon.. however, those fears are largely irrational because times they are achanging.. and we are likely going to continue in a bull market for a bit longer. Don't you think?
@ the supposedly new and improved roach...
NOT............................ RR: How the fuck could my posts be correlated to anything in the market? I have been posting pretty consistently since February 2014 through both bear and bull markets .. and I post about the good, the bad and the ugly - even though largely I have remained fairly optimistic about the upside potential of bitcoin, even through those relatively bearish times in 2014 and 2015, and subsequently, too, which is maybe less of a point since more or less after May 2016, the market confirmed that we were likely moving out of the bear market and subsequently the market confirmed that we had really been in a bull market since about October 2015, no? Tell me I am wrong.