Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
JJG, I am obviously hoping for a scenario a bit more like 2013, with an april top followed by new ath later in the year. I doubt this will happen in the short term, invalidating that pattern. In any case, dont think looking at the past is too relevant here. I dont really agree with your wording of ‘correction’, its ok to say btc has crashed since ath, a 70% drop is just that, a crash. Especially since it is accompanied by the complete bloodbath that is the alt-markets.
One scenario where bitcoin could go lower (and take alts with them) is if miners make a play to push price down to bankrupt less efficient miners, allowing them higher market share in the future as inefficient mining ventures go broke.
Still, I hope 6k is the bottom (but then we saw the bottom 6 months ago, only 3 months after ath! )
Who are you and what have you done to our friend??
haha lol, no this is my best coiner friend (BECAUSE OF HIM I AM INTO BTC) helping me out from time to time.... little bit the guy that i'm following mostly and the friend i talk with about crypto about every day, and sometimes when i wanna say something its easy to explain myself better in english writing when he helps me out , i have a serious side as well
, now his a little bit on my side when i wanna say something that requires better english ( otherwise i would make to much mistakes ) BUT i promise i am learning better and better so in the near/foreseeable future i will MASTER english writing myself haha LOL and is it so obvious i got a little help in my writings
