It's time! (I wish I could add Bruce Buffer's voice right there) It's what many of us have been waiting for, and the rest of us have feared. Within the next week or so, it will begin. Prepare yourselves. There will be great buying opportunities ahead. This (upcoming) could be the last great buying opportunity for Bitcoin EVER! I'm not saying sell the Bitcoin you have. I'm saying sell any belongings you don't need in preparation for what is about to happen. Be prepared to buy BTC, ETH and most of XRP. XRP will once again be the biggest gainer. #0doubt
Maybe on paper. You forget the fact that there are market makers. Whales , industries based on mining and etc.
There is a minimum cost to keep this shit running. I dont know whats that level but I feel its not at ALL in the level you are referring.
Those BTC holders would do anything in their power to protect their business and in addition make profit. They wont let this fall happen.
It is not based on how people think or whatever TA is .
Cryptical_Thinker
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@Babak1, Thanks for the comments. I appreciate the feedback... Those are the exact people that can make this happen. They want our money. If the market goes down, people will be afraid and sell and the whales can then buy more BTC at a much lower price. Market psychology and TA is exactly what they play into. I may very well be wrong and I am prepared for that scenario. I'm not selling any BTC. I am merely preparing myself for any scenario. TA is not as much market prediction as it is "if this then that". We just wait and see what happens and react to that. TA just gives you the tools to help you understand when something might happen, and then statistically tell you what might happen. Psychology and experience are what guides people. This is why I believe BTC, and therefore, the rest of the market will go down. It may take a few months to play out, but I will be waiting and buying more BTC, ETH, XRP, and LTC as it goes down. I believe, with all of the news and progress that Ripple has been making, that XRP will be the biggest gainer. I say that, but meanwhile, both BTC and LTC are my highest profiting coins right now.
PringleDealer
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Nice chart I enjoyed reading and I fully agree. I have been thinking heavily on how I will be positioning myself for the long term on xrp. looking to do bitmex long on xrp when it hits the right level
Cryptical_Thinker
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@PringleDealer, Thanks for the comments. Good luck with the Bitmex trades. I'm in the US and can't legally use Bitmex. I have no need to anyway. I'm not sure if you're leverage trading. For me personally, that is too much of a gamble. I hope you do well and get some of that Whale money! I believe Ripple, and therefore XRP, are making more BIG moves than anyone else in the space. And XRP will once again come out on top. I am confident that my money will do well in XRP.
There is a minimum cost to keep this shit running. I dont know whats that level but I feel its not at ALL in the level you are referring.
Those BTC holders would do anything in their power to protect their business and in addition make profit. They wont let this fall happen.
It is not based on how people think or whatever TA is .