Just lol at falling for this ponzi-scheme, sure it was more legit than most get rich scheme but the only money left in crypto now is shorting it, there will be no more bullrun to 5000$+. instead we will see a slow and painful bear market (for bagholders) and the people holding this crypto shit will be the laughing stock when it comes to trading. We are already...
Bitcoin probably bottomed at 3200$ similar to how it dropped 85% in the past, now we will probably see a new really and bitcoin will reach a new high, buy now and sell at 10x the prize, you will get rich.
Peaks during a downtrend can be utilized to enter into a short position, short now and buy back at 1800. A lot of people are buying now thinking it's cheap, well it's not.
I guess the guy who sold his house to buy bitcoin is getting worried now, well he will probably lose almost everything obviously. Now bitcoin struggles to even reach 3600, use this 'peak' to enter into a short position. disclaimer: i am not actually doing this trade with real money but let's pretend i just shorted it at bitfinex, 3542 usd/btc.
This is an obvious short, a lot of stupid people buying crypto now, they deserve to lose money.
bitcoin was the most legit get rich quick scheme but now people are losing interest in bitcoin has very weak fundamentals due to slow transactions, high fees and lack of anonymity. There is no good alt to buy either, just stay out.
A lot of people bagholding this will get rekt, the pump is over but it is still not too late for selling/shorting. segwit is shit, flextrans appears to be a better solution.
after some consolidation(cowards taking profits) ethereum will due to it's superior technology be worth much more than bitcoin. Ethereum is going to switch to proof of stake and implement ZK-snarks which should result in an epic monshot. Now when BTC is failing ETH is the natural alternative, we se a lot of money getting trown at scamcoins too but they are too...
It failed to each previous high and the uptrend is now broken.
major Resistance above 900, it might be worth the risk to short now and hope it fail to break the resistance and instead crashes down below 800$ again. I will not actually do any trade now, just refrain from buying.