/biz/ - Business & Finance

Its Unironically different this time. Now we nothing but bearish news coming out. Nothing good on the horizon. All the elites are against it. Tether fud. Central banks looking to take it down. I couod go on and on.

>>9909073
Everyone said the same exact shit during the last dip, and every other. When everyone is afraid is the time to be greedy. Get in now, layer down if it goes lower.

How about you stop ignoring the nonexisting volume? That already shows you that the big players havent closed their shorts yet, there is no panic. Buy when huge volume starts to appear.

>>9909073
uh, that's exactly what its like every time

>at $4, ITS GOING BACK DOWN TO $.01

>>9909073
>Gettin' played this hard by the market
And that's why most people can't have nice things.

>>9909006

We are about to be obliterated to all hells

>everyone expecting it to go up
the "despair" stage haven't even began, it'll go down

>>9909006
How much longer?

>>9909199
Do you remember the last 6k dip when BTC pumped from $6800 to $8000 in a single hour? The market sentiment was the same then as it is now. Shorts were booming. Then literally out of nowhere there was more BTC bought in that one hour than any other single hour, ever. There was shit volume leading up to that too. You miss that 1 hour and it's too late. Plus you missed out on the actual bottom by $400 if you waited. The signs are all there. $6100 was a solid entry with very low risk.

>>9909303
8-10 days if I had to guess.

>>9909006
If we rhyme with the 2014 chart, then the following weeks are where we sink to the lowest low for this saga of bitcoin's.

Not saying it's GOING to happen, but that's where we are. Do we sink here or do we go up? Do we go up if we bounce off 6100 again?

I'm of the opinion that we most likely need to hit that panic low before we start to recover. Maybe this time is different though but I don't think we'll truly shed our pessimism until that happens.

>>9909294
Current market sentiment from everyone is that we are going down. The market generally moves in the direction that will fuck the most people.

>>9909319
It is possible. If it really cracks the opportunity for big trades will be even bigger than if it doesn't. Either direction doesn't really matter to me, but I'm playing the chart the way I see it. Some of the major alts are helping to tell the story as well, such as NEO and LTC. We are nearing or breaking into pre-bullrun prices.

>>9909006
potential for a little bounce but it's actually the top

>>9909846
do you atleast know what happened in 2014?

Here, catch my knife!

>>9909880
yes Paypal started accepting Bitcoin, that's when the big drop happened
http://money.cnn.com/2014/09/26/technology/paypal-bitcoin/index.html

>>9909913
yeach it has nothing to do that mgtox lose about 800 000 btc the sentiment was really bad and China wanted ban bitcoin

>>9909927
so what, there was good news back then too.
multiple exchanges got hacked this year (at least 3 ?)

>>9909880
JIGGLE UP AND DOWN TILL OCTOBER MAH NIGGA

>>9909950
but none of them lose so much btc mtgox was what 80% 90% volume of the market? now dont get me wrong i'm not completely sure we are out of this but i would be also very careful calling the bottom the situation is very different now

>>9909969
Bitfinex is the new tethered gox

>>9909969
so what's your narrative for the current downtrend ?

>>9909329
that is the direction that will fuck most people, the twitter traders are getting BTFO on the daily, no people coming in, those are the reasons the volume is dropping. What's left is the holdfags, do you think bitcoin is saving them by going to $15k or something? HAHA so many scam coins that need to zero out. I'm not going short because this is not a good position, it may go for a squeeze and, as you say BTFO some people that are short. However the money is finite and there's a limit as to how much you can do that without risk, let bitcoin go up say 10-15% I am BALLS DEEP short on the bounce, it's literally free money, the sentiment didn't change from the latest squeeze, the difference is that shorts got rekt, the shorts are way lower now, can't really fuel the rocket as much, when shorts get btfo that's when you short. If I can't short from a safe position I just wait to buy the dip

>>9909991
any proof of that? so far i only heard accusation but nobody was able to prove that they doing something shady again dont get me wrong but when news tell story that is a whole year olds without new evidence its makes me little skeptical

>>9910003
i believe that we was in bubble but if you consider all the good news in the last 6 months the sentiment should not be as bad as it is