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BTC has never-before seen volatility, biggest bubble of all time. If bagholders are all aboard, prepare for a dip below 2k for a swing. The market is very orde
by subru 9y ago
BTC has never-before seen volatility, biggest bubble of all time. If bagholders are all aboard, prepare for a dip below 2k for a swing. The market is very orderly (which is why I was able to predict both the price and time of peak, see my other account) using tech analysis only. Therefore there is sufficient evidence of a balanced disparity between insiders (brought to you by GS and company) and the uninformed.
For there to be a move above 5500 you'll need a new wave of buying pressure. This puppy is now owned by your rent seeking masters. It's up to the big players to govern how price is to move and that's largely a function of how much buying interest really remains.
It doesn't take much to realize BTC itself has dubious value; better tech will emerge in our generation. This was merely a first step. That has nothing to do with the short term price or where it finally tops if it hasn't already, though.
Goldman came out on public radio to state the price will be a buy below 2k. Wise to heed their advice here. Trick is to know which of their info they release is reliable, which requires a system in and of itself.
- kobeya 9y ago> BTC has never before seen volatility Hah!
- subru 9y agoSorry bro on my phone didn't proofread. I have since edited the post and added the missing –.
- CamelCaseName 9y agoAmazing how a dash can change the meaning of things.
- mrb 9y ago"BTC has never-before seen volatility, biggest bubble of all time." You are very wrong. First, volatility used to be much worse: https://mobile.twitter.com/lsukernik/status/864920873718951937 https://mobile.twitter.com/lsukernik/status/8649208737189519... Secondly, the importance of a bubble is measured relatively not absolutely: BTC may be near the all-time high but it has seen only a ~2x increase in the last 30 days, while the Nov 2013, Feb 2013, and Jun 2012 bubbles all saw 10x...
- subru 9y agoSorry meant nothing has risen from a fraction of a penny to five grand in human history, iow referring to the percentage moves that we may never see again in our lifetimes. I stand corrected. Meant relative to any other investment in history.
- subru 9y agoLook pal idk what your cost basis or portfolio allocation is in BTC but please just be safe, friend.
- rizwank 9y agoAnd your other account is?
- subru 9y agoYears ago deleted it
- sidthekid 9y agoThen how do we validate your claims of accurate prediction?
- subru 9y agoPlease don't. It's irrelevant. The short 5k-5.5k idea could be a bust anyway; maybe we do rally to 6k from here. I am concerned with managing risk, less so with any particular idea itself. That's why I thought it was funny that another posted how I was "very wrong" about how I described volatility. Who cares who is right or wrong? It doesn't matter. Just be safe, that's all that matters. Protect capital.
- deleted 9y ago[deleted]