Agreed, by the volume characteristics showing on teh live bitcoin ticker the moneyrunners aren't even hanging in there for a $50 upmove. This is a volume sell on the live bitcoin chart. If the 1 hour default appears...pull back to the 3 hour window. This might get ugly here.
RE: The fate of the BTC will be determined within days ..
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The fate of the BTC will be determined within days ..
The situation needs time and patience, even though the pointers at the moment are frustrating and not beautiful.. But we have to wait and see how it's going to end.
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God bless you if you can hold through this selloff. It's not like anyone didn't see it coming. The problem is that nobody wanted to listen to anyone who saw it coming because they were too busy being led to certain death by bitcoin pumpers like Dollar Vigilante and Craig Grant to name just two. Dollar Virgil will cause more pain to the small bitcoin investor than the damage he claims Janet Yellen and the Fed does. The guy is an obvious charlatan who has zero understanding of how markets work. And you think he would as he freely admitted that he let his tech company implode during teh tech bubble. Yet he learned nothing by that experience. Guys like him are poison.
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We have to hold ...
Well said. Incomprehension and lack of culture and also the confidence that makes him cocky is the poison.
And I'm watching people see them stupid. Some of them learn a little and say I understand and know everything and whom the lucky one stands with and succeeds and thinks he himself is successful and many examples that make the poison available are so much.
This area and this world is not for everyone but unfortunately... Everybody get in.
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I did a "special" blog about Dollar Vigilante today. Go check it out. I could pick on any of dozens of crypto pumpers. Jeff Berwick sets himself apart from all the rest however so he is the one I will continue to monitor the closest...just to see how he reacts over time as the marekts prove him wrong. I'm sure he will have plenty of excuses. They always do. :-)
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I saw what you wrote in your blog, and actually you're right.
And certainly.. They always find excuses, because they're already ready.
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