Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
medialab101
on 20/08/2014, 06:36:36 UTC
I had to take three months off when the train left without me, but I'm back, Baby. I still have the cash from when i foolishly dumped and now I'm ready to get back in the game asoon and this next crash makes it cheap enough.  This many shorts get squeezed when it's over and it'll go to up like a rocket, but it's likely to get worse before it gets better.


Are you saying that because of this crash the next 'bubble' is going to be epic?

He's saying that if people feel that things couldn't be worse (capitulation) and enough people betting against BTC (shorting) suddenly find themselves getting burned when the price suddenly spikes up, these are the perfect conditions for the next big rally. Historically the previous rallies have all begun like this.