Last test, before moving to target, at 8600 and higher.
Trade active
⋅
entered short
Comment
⋅
(9298)
Trade closed manually
⋅
I was wrong guyz. if you dont closed positions by stops. then close manual/ We really, indeed, moving higher than 12k , probably even 20 by end of the december.
With a market cap of 137.4B, investors./traders would have to cash out approximately 115B to drop the price from $8,600 to $1,400. Short of a terrorist attack happening and a subsequent discovery that it was financed entirely by BTC, I don't see BTC ever revisiting that price. If by some miracle it did though, I would put every dime on BTC.
UnknownUnicorn1557858
⋅
@Box1515, Love this type of analysis, how do you calculate the cash-out amount?
guy_wonderful
⋅
@SilentKnight073, if tommorow, every body agrees on fact that btc costs let's say 400 bucks. no matter what , how much you paid for it, but only price to be 400 bucks..
Box1515
⋅
@SilentKnight073, if we have X number of BTC and it's worth a total of 137.4B at a price of $8,600/ea, then approximately 115B would have to be pulled out of BTC in order to bring the price to $1,400 all else being equal. The price goes down, the market cap goes down and that means that money is somewhere else.
guy_wonderful
⋅
I was wrong guyz. if you dont closed positions by stops. then close manual/
We really, indeed, moving higher than 12k , probably even 20k by end of the december.
Loii
⋅
btc has crash 80% in 2014 but i think this is far fetched unless 5k does not hold