Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 12/09/2018, 00:36:51 UTC
ETH is still leading the loss-pack. The pain is increasing.

Indeed... feels weird tho... Let's c next week where we are at... Really Really interesting week ahead of us...  Wink Wink


Yes.. let's see next week, but we are also seeing what is happening this week, and it is an ongoing dump in process that could end up in a kind of dramatic capitulation that brings the product to 2 digits (not sure if it will stay there, though?). 

Originally, about 4 years ago, I had thought ETH had a value in the less than $10 range, sustainably.  Of course, I was proven wrong, and the building of a large number of ICOs and various shit products upon ETH has shown that it has some value - including the value to raise capital from individual investors (if you can label 14 year old snot noses as "investors?).

I would love to c the 3-4k levels... will be like a HUGE BTFD Last time opportunity..... BTC + LN + Schnorr <<<<<----- BOOM..!!!!!!!!!!!!


I have a difficult time measuring, and even making some kind of guess, because as you likely recognize, we will experience breaking upon breaking of support levels that cause further down support levels to get broken.  So far, it seems that those support levels have been getting broken in various alt coins a lot more than in bitcoin, and in that regard, I thought that you were implying some kind of ETH capitulation that could occur next week, and that is why I asked why we would need to wait until next week to see such capitulation in ETH and perhaps in some of the other alts - even though ETH seems to be leading such further and further support level breakenings - which does not necessarily follow that bitcoin is going to transverse to any kind of similar extremes.. maybe you would be lucky to buy below $5k and even that may be a bit too high of a bitcoin price downfall expectation.. perhaps buy some BTC at $5,300 rather than waiting for anywhere in the $3k to $4k levels... o.k?