Time to get out from bitcoin

in bitcoin •  7 years ago 

BTC has which i believed hit the top since last week somewhere around 7600, and we are now on 3-4day consolidation, what might happening is it going to hit some bottom around 66k, and if it bounce back to 7k or 7200 before it hit the bottom in next few hours, is still under my expecting.

But, however... please regard, we had at least 2 times pullback during this year and each was crash about 30-50%of its value, so in a longer term, we might see some crash again.

fundamentally, please recall the year 2013-2014 when it had first hard fork. when the bitcoin cash was birth after that, bitcoin value almost gone nothing form its record high.

Im not calling anyone should sell all of them, however, if you are holding this assets, you might want to sell half of you inventories in this case.
but if you are trader, you should able to aware the bear .

Start shorting bitcoin , disregard those noise trader, time is very close to the next adjustment, and it will wipe out all those buying at the top.

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It will climb again after November 13th and sky rocket till about Nov 15th those are going to be the two hugh pump days due to the hard fork. Bitcoin cash however is forking on the 13th before bitcoin itself so people are just flopping between the two at the moment.

cheks my post

We are not in the same market as 2013-2014. Right now, there are institutional investors getting in. This will bring more and more whales to the crypto market. 2017 really was a break through year of adoption. We could see a pull back in the price after the hard fork, but I don't believe we will see a whole lot of downside, and if we do, it won't last very long. Trying to time or predict the price of Bitcoin is nearly impossible and everyone trying to do it just looks like Nostradamus.

es buen es post

I hope so, to buy more :)