Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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
$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?