Quote from: balamuda on July 16, 2018, 03:08:29 PM

Quote from: Predict0r on July 06, 2018, 08:27:14 PM

By the most logical thinking:

There's strong evidence that the late 2017 spike in Bitcoin value was due to manipulation via Tether.

IF that is so, then that entire episode actually means nothing, and...

Bitcoin etc values will decay back to their historical levels prior to pump & dump.

This will be slow because interim buyers won't want to take the losses.

Look at BC charts for the past 6 months. It's very easy to imagine the average value continuing to decay down to $400 in 12-18 months. And that's what makes sense - at least, more sense than anything else.

A few brilliant traders will make money getting in and out during the decline, but all the other players here are just rearranging deck chairs on the Titanic. The only "charting" you need is the big picture here:

https://imgur.com/a/QTYOQyL

Unfortunately, there seems to be no reliable way to buy a put on BC for that time-frame, or I would.

Don't panic, bitcoin will not forever fall low, bitcoin still has a chance to increase. Bitcoin is not a weak coin that falls and has no value, but bitcoin is a potential coin and will rise higher. Believe it or not on bitcoin is up to you, and for me still believe bitcoin will increase in the future.

These negative perceptions are now on its fall and will end soon because the Bitcoin has proven once again and changed the perceptions of people into positive.

The current price movement today has changes many minds once again as we know that price was stable for some days around 6.3k dollar price but today it increased regularly up to 7.3k dollar which is indicating a better future if it continues to maintain its position.