OK.. so on the front of pure unsubstantiated speculation....
1) buy OTC, sell on market to drive price down, setting artificially low "opening price" 2) "open fund" 3) buy on market for 30 days driving the price up 4) produce slick marketing campaign: " GABI UP 50% IN FIRST MONTH !!!! " 5) open fund for trading 6) profit.
Well, this is the forum for unsubstantiated speculation! I think you might be onto something.
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.
Yeah, that makes sense to me. Does this make sense as well: there's a long squeeze going on and it might help a future rally (in addition to the short squeeze) because it leaves a lot of deep pocketed btc-believers on the sidelines, some with significant losses? (recent margin calls on btc-e could be an example of this?)
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?
