Another illogical sell...

in bitcoin •  6 years ago 

https://d1vof77qrk4l5q.cloudfront.net/img/toofasteddie-another-illogical-sell-caagv9rg-1547985244672.jpg

Again, another drop equal to last rise and lasting a couple of minutes...
Market seems to be anyway stabilized in the current range of prices...
Impossible to envisage what is going on and what would be the next step here...
But, what is clear is that BEARS still manage the steering wheel today...

We can only sail the waves...
Enjoy.

Posted using Partiko iOS

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It was hard to watch and after a few minutes I simply turned off my laptop... I have mixed feelings regarding crypto of either HODL and not care anymore for a year or sell everything and not care anymore as well. Nothing in between.

The second count is on play...just ride the waves...or Hodl, that is a good option as well

Posted using Partiko iOS

Do not sell now! These are the times when you add to your position. But yes, more downside is to be expected, probably first to 3000 or below. If possible, then you add.

I am not adding shit. I bought enough cryptos. Will just float and wait for the time to sell my cryptos. Hope it will come sooner than later.

Tipica onda de Elliott cuando se iba con sus amigos hippis de acido. En fin, que alucino pepinillos...

Si...creo que esto nos lleva al otro escenario, onda 5...

Posted using Partiko iOS

The price tells us so little, doesn't it. We know that an entity holding crypto decided to exchange for FIAT. Payroll? Acquisition? Tarot cards? Taxes? Psycho game? Regulatory constraints? Squeeze? The questions for me are: am I affected at all? Did any of the fundamentals change (such as a quantum computer hacking SHA-256 or G20 unanimously deciding to ban any and all crypto)? Falling prices do no automatically mean bad news. It just means someone needs a lot of FIAT quickly.

I didn’t say it was a bad new...actually, I was expecting it 😉

Posted using Partiko iOS

@toofasteddie, in my view, it is simply an unpredictable volatility.

Posted using Partiko Android

Agreed.

Posted using Partiko iOS

The bear market is not over and the market rely too much on Bitcoin!