RocketFuel
Failed to resolve dispute
- Jun 22, 2012
- 118
- 39
garbage, and it'll dive and all the bandwagon people will lose their money when they buy in late. It's based on virtually nothing other than hype
TheBeardAbides
Junior Member
- Nov 7, 2020
- 105
- 51
I wonder if you'll still be saying this when it eventually passes 100k....
D
Deleted member 1333509
Guest
Wrong. Based on mathematics and a revolutionary algorithm-based system of decentralised value storage and transfer. Homework time?
- Oct 9, 2013
- 1,387
- 492
I believe in bitcoin, but this current growth is unnatural. Probably will crash to at least 15k.
bandititf9
Regular Member
- Jun 20, 2012
- 423
- 196
Do you see it going down anytime soon or it's gonna keep climbing up and up?
- May 18, 2012
- 7,650
- 7,495
I think it will come down soon, but not to 15K or so.
D
Deleted member 1333509
Guest
The best way to judge - what do most people (retail traders) think? Then do the opposite.
Everyone thinks it will come back down below $20K, so it will probably go above $30K then come back to $25K then continue up.
If everyone thinks it will go back below $20K, that's because whales kept on going up to $20K then dropping the price over and over again to train retail traders to think it will happen again, then they go against the expectation and it freaks out retail traders with FOMO, then they crash it hard just when all the retail traders FOMO in at $31K.
That's how crypto works - aggressive psychology.
Fragmaster
Senior Member
- Apr 3, 2016
- 986
- 1,445
Subverted expectations is the name of the game. And it works like this exactly because whale decisions are weighted by their wealth. Opinion of the majority is not a huge factor.
Rich can and will reverse the trend at one point. Sadly we can't pinpoint the timing, that would be foolish.
There is no need for conspiracy or coordination on their part. They will simply cascade in a chain reaction.
Last edited:
- Jan 16, 2017
- 5,075
- 10,327
You're probably right on the money (no pun intended).