Quote from: nicetry on June 06, 2014, 05:20:37 AM

Quote from: Bit_Happy on June 06, 2014, 05:01:01 AM

There will be a huge % rally (there always is, in an actively traded market, after such a big drop) the only question is where the rally starts from?

38 to 300 of course!

lol

Anyways, you are completely wrong again. In an actively, liquid, and MATURE market with small spread such as doge/usd, it is rather difficult to have a huge rally, because you have so many factors working as resistance, such as selling for profit taking, liquidation from miners, and any kind of rally will be followed by a fast fall.

When you said that doge/usd is a "mature market" with "small spreads" you kinda gave yourself away as not knowing what the fuck you're talking about especially in regards to trading and markets. Last time I checked no cryptocurrency market was even close to being considered mature as far as markets go and it's just laughable to think that the dogecoin market would be considered mature. Where are the options and futures? Where is the margin trading? Where can I borrow doge to short sell? Oh right actually I can still make 2 percent at any given moment just by buying and selling the same amount inter-exchange cause there aren't even sophisticated algos trading the market yet. It's in its infancy. As far as small spreads go... clearly you've never traded forex. the spread on doge is regularly 1500+ basis points on the highest volume exchanges. that's fucking enormous kid. go trade forex or futures or penny stocks or anything else and youll realize that doge has a "large spread".

You should probably stop talking about things you don't understand because it makes you look dumb.

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