the bear market has just begun Short

BITSTAMP:BTCUSD1W

Bitcoin / U.S. dollarBitstamp

Description

⋅ Mar 20, 2015 11:33 AM

strap in your seat belts.

Comments

dekanifisher

⋅ Mar 20, 2015 11:40 AM

what?

Kornholio

⋅ Aug 15, 2021 3:45 PM

Thank you for posting this chart. The 3/1 has been support for a very long time

KLYP_Investment

⋅ May 22, 2019 2:49 PM

huh..

BlockchainBoss

⋅ Mar 20, 2015 3:12 PM

lol nigga please.

dekanifisher

⋅ Mar 20, 2015 11:41 AM

you think all the whales and investors are going to let bitcoin go down to 0.72?

yomofoV

⋅ Mar 20, 2015 11:43 AM

well it might go lower, some penny stocks trade below $0.01

johnrfraser

⋅ Mar 20, 2015 11:57 AM

Hi. I don't know anything about penny stocks. Are there penny stocks now worth $0.01 that once traded at $1200?

yomofoV

⋅ Mar 20, 2015 12:06 PM

"Nortel shares reach a high of C$124.50, or more than C$1,100 each if adjusted for a stock consolidation that took place in late 2006, giving it a market cap of more than $250 billion."
reuters.com/article/2009/01/15/us-nortel-timeline-sb-idUSTRE50D3N120090115

current price $0.003
current market cap $1.49 million
google.com/finance?cid=25875

although I don't think bitcoin is likely to trade under $0.01.

johnrfraser

⋅ Mar 20, 2015 12:11 PM

Yep. That's not a good look :-/

johnrfraser

⋅ Mar 20, 2015 12:15 PM

Thing is though. Right now, until this fails at 245 (which based on my EW is a 71% retrace of the last 3 waves), this is just a respectable retrace.
People seem to see big retraces and all of a sudden Bitcoin has turned into tulips again, no?
I guess that's what a market needs though...as if people didn't panic and change sentiment from wave to wave, there wouldn't be any waves at all :-)