Bitcoin Bubble is Over ? guys is happening ?
- All I know is that at this price I buy more
- If Bitcoin will be the cash why matter if banks ban Bitcoin?
- Banks are not relevant.
- Guys Bitcoin is now a religion and we pray that he will do well. or is it?
- John McAfee Let's invite him here.
Hey Goku I love you Big fan
Nope. They are only as relevant as we let Banks be. I try to not let them get in my head, cause panic or spread FUD. I like a blogger with a positive outlook on life and the markets. I will upvote this post and full applause.
happy to have you here
Thanks modemser. Glad to be here and gave you another upvote. Keep up the good content.
Yes, we have to take advantage of opportunities as best suits us. by the way who supports me with an upvote this comment
Thoughts?
yes, that is what I noticed. They had scared investors and took positions.
and also the sbd low to 2 dollars, if they see that I stop publishing is because I killed myself or I died of hunger XD
Just don't post on facebook as they give you just a nice di.k
Here you may get some value :)) people should put money in sbd at this low. That is good bikinis. Summertime guys free pus.y is the way I see this crush.
according to bitcoin news stay 20% for in mine. market law is getting rare items. price will be higher. we stock bitcoin lot.
honestly the banks are not relevant, BITCOIN IS THE FUTURE
Not Anymore The Banks are bleeding
According to the firm Autonomous Next, the number of hedge funds investing in digital assets like Bitcoin has grown rapidly to more than 100. Since the launch of Bitcoin Futures on the Chicago Mercantile Exchange in December 2017, it shouldn’t be a surprise to anyone why the price of Bitcoin is down 50% from the high.
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Only Retail Investors chase price and buy high and sell low, while the Professionals buy low and sell high. The Hedge Funds have purposely sold Bitcoin futures to get in a better price.
At the moment, there is a war taking place between the buyers (Hedge Funds) and the sellers (Retail Investors) called capitulation. That line in the sand was at $9000. Capitulation is when investors give up any previous gains, by selling, in an effort to get out of the market. Capitulations are outcomes that result from the maximum psychological and financial pain that can be endured by a group before throwing in the towel. The Retail Investors are throwing in the towel after seeing a more than 50% correction in the Bitcoin price to the buyers, the Hedge Funds. With 100s of millions of dollars to invest, we are witnessing an accumulation phase by the Hedge Funds between $6000 and $9000.
The Hedge Funds are loading up and buying from the Retail Investors. But to fill all their buy orders, as the sell orders dry up, price must go down to the next stack of sell orders. We are approaching what I believe will be the bottom of bitcoin at $6000. My first target is $12,000 and my second target is $17,000 over the next 3 - 9 months.
The easy money has been made over the last 12-18 months. With the big boys in the game now, the rules have changes. The question is, are you ready to play to win with a new play book?
This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.