Quote from: muf18 on April 17, 2018, 08:30:03 AM

Quote from: btcone111 on April 16, 2018, 11:02:56 PM

EOS pump then ADA pumps WITH volume.
Could be brewing a huge cup and handle which might take everything to ATH in Sept
I wouldn't be shorting this market to be honest after what I saw these few days. If anything, I would try to add some lengths if BTC falls back to around $7K with decreasing volume. The risk reward in the medium term is good. Even if BTC falls to $3K, length at $7K suffers 50% loss but next bull run assume BTC 6 times (being very conservative here) of $3K bottom will still make 150%

Losing 50% in any term is terrible investment. And you dont know what we can have in future.
Everybody think "moon". But 20K was on large volume, so large, that Bitcoin would have to have a real deal usage in market, not in speculation trading only. And 99% now is speculative trading, so pump and dumpers ready to take profit, when they see their pump failed. It's like pooling in cash, by people and waiting until, it starts to collapse, then fast taking out cash.

True.
I guess I'm more HODLer kind of mentality. Call me stupid hahaha!

There is one scenario though where bitcoin doesn't need real usage to have price boost --- institutional money.

The reason institutional money comes in could purely because they're trying to optimise their portfolio (consider the basic efficient frontier model for example)