Quote from: jonoiv on May 29, 2019, 02:50:09 AM

Quote from: dyask on May 29, 2019, 02:30:21 AM

Quote from: jonoiv on May 29, 2019, 01:41:53 AM

Quote from: dyask on May 29, 2019, 01:11:11 AM

Quote from: jonoiv on May 29, 2019, 12:54:21 AM

Quote from: Bitcoinaire on May 29, 2019, 12:23:44 AM

This chart has some great info!

$BTC: Still waiting on that 30%+ pullback?
Bitcoin had eight 30%+ pullbacks last market uptrend but the average time between each pullback was 98 days
BTC had a serious 26.3% pullback on May 17th, which means the next major retrace could be a couple months away

https://twitter.com/Josh_Rager/status/1133371092175863808

It had that pullback on bitstamp only. all the other exchanges were between 16 - 19% average of 17.5%

It only went that low on bitstamp because of the 4000 sell wall.

It's going to dump slow but steady soon ending at $2500 before the year is out imho.

I hope you didn't mortgage your home to fund your short position. There are way too many homeless folks already.

my home is quite safe.

and I don't think it's people going short that need to worry.
https://blockchainwhispers.com/bitmex-position-calculator/

Since you are predicting a price of $2500 ... you need to worry a lot. It seems you are not even close to understanding how Bitcoin works. You are basically predicting and counting on a total failure of the bitcoin network.

like it has for long periods before you mean? Like when miners mined at a loss? like when they had to folk it to reduce the sha256 hash power so that the price could keep up with the profit curve, with countless forks thereafter. Like when they have to hire an army of bull trolls to maintain the bull phase . Like when they have to DDOS multiple sites, log multiple people out of trading accounts during breakouts to make it work? or are you discussing something different?

Wow you are really showing a lack of understanding. Many events did happen, but they were all short term. If the price were to crash as low as you are hoping for the blocks times would slow down to hours or even days. The network couldn't survive that. Yes the difficulty would adjust, but it could take months and at that point there wouldn't be any interest left. All that would be left is a few altcoins and crypto controlled by governments and banks. So your $2500 bet is a sucker bet.

It is possible that events could cause a quick plunge to those levels. It is highly unlikely you would be able to cover though.

Now if you were banking on BTC dropping back to $8000 I would think you have some sense. Heck $7000 is possible, just not as likely. We might even see days at $5000 but those prices aren't network killers. Given time the network could support a $2500 price point, but that would be so slow that a short position would have other problems. It is difficult to maintain a short position for many months or years. Well unless you're position is so tiny it doesn't really matter.