Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
we have broken down through the medium term support line
this could just be the mother of all bear traps...or things could get really ugly
this could just be the mother of all bear traps...or things could get really ugly
You like a little drama in your posts?
Seems as if you are exaggerating a bit.
Look, we were just at these price points a week ago (which is a 15% correction), and it would not be unreasonable to have a 30% or more correction. I have my doubts about a 50% correction, but sometimes, momentum has it's own effect, and sure as fuck, bitcoin likes to overshoot expectations, no? We are not beyond overshooting, but there is no need to exaggerate and to act like there is some kind of doom and gloom going on in bitcoin at this time, and there seems to be considerable and ongoing buying support, at this level and at lower levels, if we go there.
NO need to panic yet, boys and girl.
We both know that bitcoin always has the potential to lose on the order of 40% of its value in a matter of days. It has happened many times in the past and yes, I have found it rather dramatic when it happened. Were it to do that now it would put us under 3000 USD. Such an event would not shake my faith in the long term exponential bull, but newcomers to the space should be aware of the possibility.
O.k. So your reason for drama is to help out the "newcomers" to better understand the market movements of bitcoin? A bit patronizing, no?
Yeah, newcomers can look at charts, and yes, there are a lot of people who jump into something blindly, so are these "newcomers" gonna understand your drama for what it is? A warning or you want to call it an "awarening"?
Jesus, you still have that fucking massive stick up your ass.
Since when is someone doing some speculation in a speculation thread 'some drama'. Please don't answer that with one of your fucking dull as dishwater walls of text, it was rhetorical.
The best thing noobs can do is put you on ignore. This thread went down hill the day you turned up and you drove a lot of good people away with your pedantic bullshit.
damn it nan, you still quoting jjg?
Where's BJA when you need him?
https://bitcointalk.org/index.php?topic=178336.msg14193055#msg14193055
https://bitcointalk.org/index.php?topic=178336.msg14200801#msg14200801
https://bitcointalk.org/index.php?topic=178336.msg14200912#msg14200912
BJA was a gambling big blocker nutjob, who shorted himself into oblivion. sold 1/3 of his stash in the $280s, and then the second 1/3 in the $380s and the final 1/3 after bitfinex in the $580s proclaiming that BTC was never coming back, and then he never came back.. .Go figure how that works when you bet against bitcoin and you double down and leverage such propositions?
