crypto_gunther

The Reversal of Bitcoin Back to ~ $20,000 And Beyond

Long
BITFINEX:BTCUSD   Bitcoin
We may see Bitcoin reverse back to the all-time high around $20,000 to form a giant cup and handle. I expect to see a double bottom to confirm the end of this long correction. This correction has been super nasty and ugly but it isn't the first one nor will it be the last one. Let all the haters and doubters get left behind in the dust while smart money buys the bottom. Sure, the price may dip lower but we need not focus on capturing the absolute bottom (stupid mentality!). We don't care about the lowest possible price. We care about averaging down our cost by buying in pieces as the price drops and buying when the majority thinks that Bitcoin is dead (retarded way of thinking). Remember, every single alt coin is inherently tied to the success of Bitcoin. If Bitcoin dies, then all alt coins die since their value is tied to the king of cryptocurrency. Obviously, cryptos are here for good and mass adoption will come in due time. So, ignore the ignorant ones who lack intelligence and foresight. Smart money makes wise predictive moves by buying when the masses are capitulating. Most retail investors buy the peak and sell at rock bottom. Those of us who want to break free from poverty buy the bottom of the market (with leverage if it makes sense) and hold long term (3-5 years). We'll sell our coins (Bitcoin and/or alt coins) on the open market to those poor bastards who only want to buy the peak. Be smart. Get your head out of your *** and play this market in a different way or succumb to a destitute life of poverty. Else, if you are going to be dumb then you better be tough. Might as well gear up with your McDonald's uniform and get ready to embrace the suck.
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