Post
Topic
Board Bitcoin Discussion
Re: Market still in the early stages of Collapse, only the Stupid buy this early
by
Zin-Zang
on 02/12/2018, 21:44:58 UTC
(Collapse is less than 2 weeks old.)
What the hell are you talking about? only 2 weeks old... have you been following since late December last Year?

Dufus, the MOST RECENT market price collapsed from a semi-stable price support floor above $6000, only happen a few weeks ago.
The $6000 support floor was broken, odds are the miners were going broke trying to hold it,
which is why now you are seeing miners close shop as they can no longer afford to be part of BTC non-profitable mining.
It also means , the miners have already exhausted their monetary surplus, so $1500 is the new support floor and it may not even hold.

Latest bounce to ~$4000 is nothing more than a dead cat bounce, as their is no real economic movement to support the price.
The above was my opinion which happens to be shared by many,
People can make up their own mind , what course of action they personally follow.

You should definitely Do what the Fuck you want to , I'll enjoy seeing your stupidity deflate your wallet & ego.  Cheesy