Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 11/06/2018, 23:16:44 UTC
Quote from: RayX12 on June 11, 2018, 10:21:11 PM
Quote from: Rosewater Foundation on June 11, 2018, 10:09:06 PM
Quote from: European Central Bank on June 11, 2018, 09:22:57 PM
Quote from: LFC_Bitcoin on June 11, 2018, 08:56:22 PM
Let’s hope so because I’m starting to get a little concerned atm

why? 20 grand was just as dumb an overshoot as 2013 but maybe less crooked, though that may not be a dead cert yet. $3-5k is more than possible or lower and that would be pretty normal based on previous behavior. i'd only get concerned if it went sub $1000.


Screw that noise, Jack! You should be more salty. This is a bloody epic tragedy of epic proportions.

Exaggeration..  only a healthy correction.  Grin Grin


If we go below $6k, I am going to start worrying, and I would worry all the way down to $1k and below.  The lower it goes, the more I would worry.  However, I am also planning to buy BTC all the way down too... while I am worrying.   I may start to have to really budget my fiat if the BTC price were to go significantly below $3k - because at each stage that the BTC price goes down, the more that I have to dig into reserves, then reserve reserves, then reserve reserve reserves, then reserves x4, etc. etc. etc....   Then running out of reserves would mean to HODL and to worry more. 

In other words, $3k seems like the absolute bottom of any worser case scenario, but it would be better if $6,500 and $6k support levels don't get broken.