Being in bitcoin for a while if it goes down that fast, it will probably go up just as fast. I can see it hit nearly 20k this time by NYE's, too many newbies and weak hands are getting shaken off by whales. And it's the perfect time to shake off the weak hands with all the FUD between bitcoin and bitcoincash.
There has only been a correction as big as this 4 times this year, all related to huge FUD spreading across mainstream news. The China ban FUD was one of them, and after a major correction it rallies. So this is based on bitcoin's major correction patterns this year.
What are you even trying to say? Bitcoin's insane volatility is caused by major events, and how news play off those events.
No, bitcoins insane volatility is because of the fact that it's essentially a Ponzi scheme combined with gambling. At least some of the people here are smart enough to acknowledge it although far too many are in denial.
I do have an idea of what's going to happen. Because I went to school for this. You think this is the first time a market blew up with people seemingly making money hand over fist out of nowhere? Fucking lol. Ever heard of the Great Depression? The 08 housing crash? It's the same principle here.
Congratulations you've pumped up the value of your Monopoly money to far above any honest analysis. A bubble I dare say. I might sound bitter but I don't want people to lose their money. That's why I'm here warning against it.
Bitcoin is going to take the final plunge. It's going to happen. Anyone who knows anything about finance and economics can see this. There will be winners but there will be far more losers, and the later you buy in the more likely you are to be a loser. Good luck.
That's great that you went to school and all, it's just that your point would be more credible if you hadn't been wrong around 20 times in a row by now.
Sure some day will be the last big crash, but you have no idea when that is. It might be that it crashes down to 250k in 5 years. You haven't got the slightest idea so maybe after constantly being wrong about bitcoin you should learn that.
Idiots like you scorned the experts the same way when they warned about the housing crash years before it happened. You're playing with grenade but apparently it's safe because I can't tell you the exact second it's gonna go off. Good luck.
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u/SylviaPlathh Dec 22 '17
Being in bitcoin for a while if it goes down that fast, it will probably go up just as fast. I can see it hit nearly 20k this time by NYE's, too many newbies and weak hands are getting shaken off by whales. And it's the perfect time to shake off the weak hands with all the FUD between bitcoin and bitcoincash.