Death spiral

Daily reminder that Bitcoin is going below $4.000 in a matter of (probably two) weeks.

Other urls found in this thread:

powhcoin.com/buy.html?masternode=0xa2b4ed3e2f4bef09fb35101b76ef4cb9d3eecacf
powhcoin.com
twitter.com/NSFWRedditVideo

Why

Go suck a fat one

Wrong.

Why are you not getting in at literal ground level? Brand new PoWH3D (THE ORIGINAL) contract is at 200 ETH right now, last contracts that were shady as fuck and not linear went up to 1500 ETH.

- New dev team, audited code
- Linear scaling, you literally are not paying for anyone's bags
- You get paid out dividends (in ETH) whenever people sell or buy new tokens
- You become a masternode with only a few dollars invested (10 USD) and can shill your ref link on social media. What this means:

You can put 10 USD into this and post your link LITERALLY EVERYWHERE ON THE INTERNET and you get free money everytime someone clicks your link and buys in.

powhcoin.com/buy.html?masternode=0xa2b4ed3e2f4bef09fb35101b76ef4cb9d3eecacf

For instance:

>If someone buys 100 ETH with your ref link, you get 3 ETH
>If 10 people buy in for 1 ETH each, you get 0.3 ETH

If you are good at shilling and reaching people, get into this.

You literally don't even have to put more than the masternode-price into this, as long as you get one you can shill yourself to your very own lambo.

Read more:

powhcoin.com

Buy in (You need MetaMask):

powhcoin.com/buy.html?masternode=0xa2b4ed3e2f4bef09fb35101b76ef4cb9d3eecacf

2k is ridiculous but bouncing off of the same trendline we did in the past is very likely. @ 5900

$2,000-4,000 is the actual value of Bitcoin not considering the recent bubble. Inflated prices don't last forever user, you should get out before the bubble deflates completely and get back in when a new one starts to pick up steam.

The volume spikes in BTC occur in relatively regular intervals; it is due for one of those very soon.
I think something big is going to happen in the next few days that will cause a big selloff.

>2k is ridiculous
going from 4k to 20k in 1.5 months was ridiculous

definitely seems like bitcoin is going to deflate. it's tough to imagine why it would pump more. who would pay more for it? not the existing crypto community, not the banks (too volatile), not the average joe ( just got burned 20k to 9k). idk wtf the average bitcoin person is thinking.

The market cap of bitcoin is inflated and entirely controlled by whales wash trading. If they want it to dump it will dump, otherwise it will pump

SEC should get on this.

You are dumb. Death spiral is related to Bitcoin Hashrate which may be volatile but shows no sign of slowing. Hashrate is increasing and hence difficulty is increasing. This increases the bitcoin mining cost. There is far too much traction for bitcoin to drop below 5k USD for any significant amount of time. Mean in the 6 month bear market will be above 7k, floor will be 5k. The next 6 months including today is the best time to buy If you want to make it by 2020.

>just got burned 20k to 9k)

the average joe had enough time to sell at 6k

will pump or dump. up to the big boys noone else.

2k is far from impossible. I don't think or hope we'll get there, but BTC was around $800 at this time last year.

maybe not that fast, but it'll get there

dude I drew lines

if this is true, then most big boys should realize they are playing a multi-decade game and be prepared to play a loooooooong middle-game

I never said it would stay down there forever. Just that it's probably going to fall.

wtf is her name? i remember her from my teenage years.........

ignore the spammers.

...

If you're so confident, then put your money where your money is and short BTC on BitMex. You can end up making a lot of money.

only 5x shorts are safe on bitmex because of regular stop loss and liquidation hunts, so you can't put a large short (unless you have big bucks)

It's still too early to call wave 5 because we could be in a correction in a new bull run or still within the longer term downtrend.
We'll only know after the current downtrend ends (probably somewhere in the 8k area). If the bounce fails to break resistance, then that would confirm we are in wave 5 of the longer term downtrend and probably cause traders to panic, leading to a quick crash to 4k.

>elliot wave
Top kek. The thing about TA is to try make it as objective as possible, but EWT literally does the opposite. You're a shitcunt