Mt.Gox just liquidated enough bitcoin+bitcoincash to cover creditors claims, but there are still +160k btc and bch that could keep being dumped by the bankruptcy trustee. Bulgaria hasn't reported what they are doing with the 200k btc they hold (worth right now over 13% of their national debt), but sooner or later the will dump them if they hadn't done it yet. And mt.gox coins being dumped might trigger someone in bulgarian govt (I guess the can't until the investigation and the case are over).
We still face the bitfinex-tether issue. It has been over 40 days since last tether issuance of USDT and despite an obviously bear market the amount is not decreasing, that is proving what I already knew and shared a few times: USDT cannot be redeemed into USD. The only use of a USDT (and that goes for bifinexUSD-iou's too) is to buy more cryptos, and despite a massive amount of them the market is failing to make new highs for over 70 days.
I have no doubt that 2018 is going to be a red year for bitcoin , the first red year since 2014
The question is more about how low rather than if the close will be lower or not. Probably near 3k USD.
Tether and Bitfinex are a problem for the whole cryptomarket, Bulgaria and Mt.Gox holdings are a problem specially for BTC 2.74% and BCH.
Onchain usage is going down, trading volume is going down, google -0.80% searches are going down, velocity of the ecosystem is going down and basically every metric has decoupled from past years trend and has plummeted. The new paradigm is not as bullish as some used to think, adoptions has frozen, usage is going down and uncertainity is growing massively. That leaves only one path forward: down.
As a bitcoin bear I am waiting for a more delusional market to re-enter the market. As a bitcoin bull I am waiting for real panic to re-enter the market. I shorted 15k down to 10k and longed 6k up to 10k - this is a waiting game, get the perfect setup, take measured risks and go in hard.
Nice blogpost faggot. Shut the fuck up and kill your self. You don’t know shit and nobody here gives a fuck what you think is going to happen
William Parker
Nice blogpost faggot. Shut the fuck up and kill your self. You don’t know shit and nobody here gives a fuck what you think is going to happen
Carson Reyes
>I shorted 15k down to 10k and longed 6k up to 10k sure ya did buddy; and i bought 200BTC when it was $350 then cashed out at $18,500 then rebought with all the gains at $6,250.
Fucking hell you utter nerd. Must have been picked on a lot.
James Cox
(OP) # Nice blogpost faggot. Shut the fuck up and kill your self. You don’t know shit and nobody here gives a fuck what you think is going to happen
Eli Williams
KEK this board!
Long 100X and then kys, tx.
Ryder Peterson
Do you guys can see it too ? Everytime btc gets a optimistic sentiment fudders come out with the same fucking shit trying to dump the price is getting fucking boring nobody gives a shit anymore your fud got priced in faggot KYS
Nicholas Hall
sees green runs to his moms computer predicts btc will drop to a imaginary target
nobody gives a fuck
Landon Fisher
>Thinking the market will dip below $6k
Nigger its just not going to happen lmfao. Controllers wont allow it. This whole crash was planned, you realize that right? This was one huge pump and dump. If you think this is a red year for btc you're fucking delusional
You're right about most things but I doubt the institutional investors entering over the next 4 months are going to care enough about tether and bitfinex to not buy crypto. They might skip on buying BTC though, which is fine by me. Crypto needs to be decoupled from that shit as soon as possible anyway and the new fiat-crypto exchanges and eventually, more user friendly dexes and eventually even functional cross-chain dexes will take a dunk on BTC as the intercrypto trading currency.
Easton Jones
WRONG R O N G first crypto ETF’s to roll out will be BTC. It’s the first, and most globally discussed crypto currency. BTC is a classic in this space, it won’t be forgotten or skipped anytime soon
Joshua Lee
you are so full of shit it's not even funny anymore probably happens when all your poorfolio is tied up in shitcoins institutions will NOT i repeat NOT buy your funnymoneytokens there will be some btc etfs and that is all, period if you can't figure out why you are a certified brainlet and/or a linkbagholder
Noah Barnes
Nice blogpost faggot. Shut the fuck up and kill your self. You don’t know shit and nobody here gives a fuck what you think is going to happen
Jaxson Hill
>it won’t be forgotten or skipped anytime soon it won't but the times of pumping are over incoming regulations are the reason for the farewell 2017 exit pump
Joshua Gonzalez
>he thinks regulations are a bad thing You’re never going to make it
