The market has spoken and its not impressed
How do you know that he sold at the bottom? The bottom may yet be to come. Perhaps a cunning bultrap is still in play... so many shifting timelines.
Been out for a long while, but may take a new position on this in the coming week.
Once production resumes this could gap up considerably.
@Dagenham "not sure why i post with the clowns on here" yeh im finding it tiring and wearisome corresponding with them too. I have learned nothing from their advice, predictions or fantasy trading. Moreover their playground-like banter, and then they run off to the head prefect to hold their hand when they get in a tizzy. Ridiculous couple of clowns.
@PI there you go with the infantile playground name-calling again when you feel you are losing an argument - pretty identical to Chopsing really.
haha agree AB. Dark forces at work...
but some ghastly (in the know) entity is sure to have made a huge windfall out of it and the subsequent recovery.
@Chaebel. When somebody creates a new thread with an alarmist heading "Bitcoin Bull Trap" (to spook people) and then subsequently tells everyone that they have closed all of their positions - I think it is pretty obvious to most what is going on. N'est pas?
AB. As far as I an see it was a false flash crash caused by erroneous data leak. Allegedly.
https://www.newsbtc.com/news/bitcoin/bitcoin-flash-crash-triggered-by-bogus-data/
"The crash was allegedly due to a wallet move by the US government and the sell-off of Mt. Gox Bitcoins. The Twitter account db sent out an automated tweet at 4:08 pm EST (8:08 pm UTC) that stated, “[DB] Mt Gox and US Govt Wallets Making Transactions,” which proved to be false."
Basically a false crash but in my opinion could have been deliberate manipulation.
Anyway the bull run has recovered just as quickly and I hope continues.
@Chopsing. I believe in karma too, and that is why I feel sorry for you.
Disagree. Spouting misleading (and dangerous) statements without substance should not be respected or embraced but thats just my opinion... they could definitely influence the more 'naive' newbies on here who might follow their advice and cost them a lot of hard earned. Most PIs will have excited with large profits long before the next bull trap comes into play + predictions can always be 'right' if you dont put a time frame on them. thats easy...
@ Chopsing. Never been a bully on here - if anything I was the one being bullied on the receiving end and hounded out of town same as Chaebol over 18 months when ARB was plunging down though 200p and then below 100p and beyond by the likes of K3, EverUp and all the Discord mafia on the MB. Im just trying to understand your bulltrap warning early this morning whilst pretending to assist the PIs on here and your predictions of btc sub 25k, 20k and even 15k and bombs falling on peoples heads. Would just appreciate some substance behind your predictions thats all.
Indeed Theeduke glad I loaded up on Wulf a few weeks back. 15% up on the day. But I am still a bit worried about the BTC retrace to $15k though and bombs falling on my head.
Has anyone seen Chopsing ?
wow btc on some kind of sonic boom rip. it was 27200 just 24 hours ago.
Going to be expensive for some wanting to get back on the US miners wagon at 2.30pm.
Still be cautious out there...
Anything can happen with bitcoin volatility for sure ( plus breaking transformational news, i.e when Tesla news first broke - or a regulation announcement) and at times seems impossible to predict but it does have a small few recognisable and predictable characteristics relating to sentiment, banking sector stress and currency hedging...
I think Chopsings prediction of btc dropping to $15k and bombs falling from the sky might be a tad dramatic.
He is in danger for becoming a victim of a classic bear trap.
And this
"US bank collapse sparks concerns" "digital asset is once again serving as a safe haven for investors" “$27,800 is the crucial breaker, after that we’ll probably accelerate quite fast”
https://coingape.com/bitcoin-btc-price-up-by-3-5-can-shoot-to-42000-amid-us-banking-crisis/
Good luck with closing all your positions Chopsing. But you tend to find that during threats to world economies, banking sector and currencies then fair few investors flee to crypto as a hedge + safe haven (though not always safe).
Recent btc rises originated from trouble in the European and asian banking sectors in early spring namely with Credit Suisse and Deutsche Bank and asian banks under stress. Now the contagion seems to have also spread to the US - overnight troubles announced with First Republic Bank in the US.
https://www.fxempire.com/forecasts/article/btc-bulls-to-target-30000-on-renewed-us-banking-sector-woes-1342187
Also this
https://cryptopotato.com/major-bank-u-turns-on-bitcoin-with-100000-price-prediction/
hajha @ Dagenham. Its easy to spot the ones who are waiting for a pull back to $25k.
Underlying btc conditions not bearish just having a breather.