Post
Topic
Board Speculation
Re: Huge drop happening within 48 hours! (I WAS RIGHT!)
by
exstasie
on 30/08/2019, 10:48:21 UTC
Again, I’ve been in this game since 2014 and I can SENSE the general mood out there. People are getting a bit scared. Good buying opportunities are coming soon.

Your predictions are based solely on your personal feelings and wrong assumptions such as "People are getting a bit scared", but from what, new economic crises maybe?

He's talking about the general sentiment of the BTC market.

When the market is bottoming out and experiencing capitulation, there is usually extreme fear and pessimism in the air. Like when we were trading in the $3,000s and everyone began to expect the $1,000s. If people are only a bit scared, that suggests we're still in the middle stages of a downtrend and haven't experienced capitulation yet.