Not logged in [
Login
-
Register
]
You Are Not Registered Or Not Logged In
Corsa Sport
»
Message Board
»
Off Day
»
Geek Day
»
Bitcoin
» Post Reply
Post Reply
Who Can Post?
All users can post new topics and all users can reply.
Icon:
Formatting Mode:
Normal
Advanced
Help
Andale Mono
Arial
Arial Black
Book Antiqua
Century Gothic
Comic Sans MS
Courier New
Georgia
Impact
Tahoma
Times New Roman
Trebuchet MS
Script MT Bold
Stencil
Verdana
Lucida Console
-2
-1
1
2
3
4
5
6
White
Black
Red
Yellow
Pink
Green
Orange
Purple
Blue
Beige
Brown
Teal
Navy
Maroon
LimeGreen
Message:
HTML is Off
Smilies are On
BB Code is On
[img] Code is On
[quote][i]Originally posted by SetH[/i] [quote][i]Originally posted by Dan[/i] Ian, Ive actually written a full guide this week for Barnshaw and his cronies... Everything from buying btc to setting up a wallet and staking... I can send you it via FB [/quote] I am surprised the general public are interested in BTC right now. We have not seen the retail buying like we did on the last bull run, nor are we seeing the excitement and FOMO that we did last time. Most of the money coming in is institutional, also big whales are manipulating the market at a whim. I have gone from recommending it to people a couple of months back to advising them to be well aware of the considerable risk based on the utter manipulation we have seen the last couple of weeks. I have had a break from training so spent considerable time online watching the market, i've seen most of the aforementioned things happening in real time and it weaves an ugly tale. I think we made a double top and am expecting more movement to the downside, I would put the bottom at 8.2k. Perhaps we could see a more organic and healthier bull run towards Q4. It is no surprise that such a crazy run up has resulted in an almost as quick dump . I was surprised that we did not test 20k though. Trump tweeted his disapproval of BTC today, depending on how you read it that is great or bad news. The resistance that Facebooks coin Libra is getting as well, good of bad for crypto I am not sure. Although technically Libra is not Crypto as it would be backed by FIAT. Real uncertain times. Those that bought in during the winter when it was sub 6k and held onto it are in a good position. If I were new to Crypto would I go in and buy 1 BTC for 11k? probably not. Impossible to predict the future but I have two scenarios in mind. 1) we continue dumping and retest lows, probably finding support at 8.2k. We have a bull run in Q4, break 20k and get a huge FOMO then new all time highs. 2) We have a lot of sideways action for months. Regulators decide enough is enough and step in and it's curtains for BTC in one way or another. Plus side to this is we may see an ALT coin season, will present some great trading opportunities as these coins have been bleeding for a while. I would love to see Crypto succeed. Question is will the worlds richest and elite allow it to happen? that's a lot of people at the top of the food chain that stand to lose a fuck load of cash if FIAT is replaced by a decentralised crypto currency. Mass adoption really would be a game changer for the whole world. Events of considerable magnitude would probably be needed for it to be realised (global financial collapse, unprecedented inflation of the USD etc. Very hard to visualise right now. [/quote]
Post Options:
Disable smileys?
Turn BBCode off?
Receive email notification of new replies?
This is a long topic, click
here
to review it.