Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.
All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.
Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor
All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.
Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor
Nah. We are supposed to track sideways until October 2019. No manipulation required.
With all due respect, why are we supposed to repeat prior flat mo for mo?
Every bull and bear in btc so far was different, albeit they "rhymed" in decline %.
For example 2013 double pop (from $12 to $250, then sharp decline into $45, then $1160 peak) was not repeated in 2018-2019.
It is reasonable to suggest that flat may last longer, but i see no "need" for it to last until October.