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

Not crossed 450$. I'm calling it- bulltrap and short squeeze.

This is not paypal integration per se but something much much less. Comparable with that braintree news?

But people will buy on the news after pump as usual so we will not see below 400$ for a while. Sad

Just quoting myself since finally made the right call. And before other bears Grin

So what? This thing has NOT played out and maybe you called one event correctly (regarding the $450-ish), so which way are we going on a longer term scale, do you have an outline of a plan that we can use as a guide.. ?

There needs to be some real blood before the trend can change. But it can take another weeks or months.

Until now I did not expect that bitcoin will suddenly start getting pumps after 'news' like most shitcoins. This means not many people really buying and those screwed over the months are either waiting or said fuck it.

I did not make any money on that pump but luckily did not short after that big dump like some newbies Wink

I think you are placing too much weight that something has to happen (blood in the streets).

So maybe we just have a different view of things. In my thinking, Bitcoin prices need NOT go any lower than they currently are, because if an upward price run is started - by anyone or even a group, that upward price run can cause its own momentum. There has been a sufficient passage of time and and a sufficient building of the bitcoin infrastructure that bitcoin could reasonably support a market cap of $100 billion or more.

On the other hand, I agree with you that there is a possibility of a continued downward trend, and such a downward trend could last for 6 months or a year longer. The part where i disagree is that the downward trend "has to happen" before BTC prices can go up... That is a bit too narrow in its consideration of BTC fundamentals and/or BTC price dynamics.