Post
Topic
Board Speculation
Re: Explanation to how bitcoin is a ponzi scheme
by
falllling
on 20/08/2014, 16:47:01 UTC
Bitcoin is a naturally occurring ponzi scheme - World Bank

do NOT forget the dead cat bounce at just 4 days ago! $520 - $470 again!



Nah, that isn't a dead cat bounce. That's just bouncing off a resistance level! We simply needed to go lower! This chart doesn't say Jack about whether we're in a another dead-cat-bounce or whether we're in a trend-reversal!

Im wondering if this is the same little cat bounce that happened a few days ago,, didn't it go to 520 or something before it went sub 400?

This is why I've changed my mentality. Instead of worrying that my coins are losing value, think of it as an opportunity to buy cheap coins.. Hell, i might start buying litecoin, and I hate alt coins, but that might just be a smart move as I smell coinbase in the hunt for taking them soon.. if that happens, i wouldn't doubt a litecoin price double just on the announcement..

Once it's a strong enough up swing all those panic sellers become panic buys. Also my swaps on finex are opening up and I assume the most not the only one. This will be another catalyst higher.

I dont think its clear yet, we'll have to see if there are any dumpers left at these levels. Generally when the price stagnates after a rise, a lone dumper  takes it down a notch.