RE: Bitcoin is Looking Terrible - But RIPPLE!

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Bitcoin is Looking Terrible - But RIPPLE!

in bitcoin •  7 years ago 

I know how you feel. I bought it at $0.15 and sold at $0.54. I am a buyer on any pullback. I think a couple of things impacting the price were the American Express announcement and the rumors that Coinbase will add it in 2018. So maybe, $1.13 isn't a bad price.

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I have no idea what to do. People need to go to bed and stop selling. bitcoin 133000.PNG

Don't be surprised to see them try to take it down to the $8000 level. A couple of crypto hedge fund guys were tweeting that their models were indicating that level for reentry. It looks like BTC has entered a Distribution Phase. Once the CME allowed the Futures Contracts this phase was coming...it just remains to be seen how far it goes.