Cryptocurrencies

[Kev The Rat]

I think we may not hit more than 11k gbp this year

 

[orly]

I think we may not hit more than 11k gbp this year

Trust me Kev. ++++++

 

[The binman chronicles]

I think we may not hit more than 11k gbp this year

Possibly could but I don't think it will stay high for long. The market looks like it's being controlled and instead of having people just hodl you have investors willing to come and go off the back of a couple of grand. Soon as they've made enough they will start off loading bring it back down and then they may buy in again. Rinse and repeat.

 

[Efcjake]

I think we may not hit more than 11k gbp this year

You were just bigging up a new ath, what's happening?

 

[Kev The Rat]

Looks like we’ve solidified at 8k+ now. Next couple of weeks will be interesting I would expect 10k.

 

[Philw]

Back down to 7k today.

 

[sageyefc]

No updates in a while, how we getting on @Kev The Rat

 

[.....!]

Interesting article on the dark web and cryptocurrencies.

https://www.vice.com/en_uk/article/...ners-of-the-dark-web?utm_campaign=sharebutton

 

[degsy]

I think we may not hit more than 11k gbp this year

Have you taken ANY profit out yet

 

[evilwebby]

The rally is done and dusted. A drop to new lows is coming.

98% peak to trough drop is still my forecast, so plenty of downside ahead.

 

[Frang]

hows this all going @Kev The Rat @orly

 

[The binman chronicles]

The rally is done and dusted. A drop to new lows is coming.

98% peak to trough drop is still my forecast, so plenty of downside ahead.

Have to see from here whether it keeps on sinking or picks up again. For what it's worth the lows that are happening now are not dissimilar to what has already happened this year before it rallied. So I expect it to do the same, then keep repeating the 5 to 8k and back again swing (It may get progressively lower as ot continues this cycle though). If that is the case there is still money to be made but you have to keep turning over your coins. Hodl has gone.

 

[evilwebby]

Have to see from here whether it keeps on sinking or picks up again. For what it's worth the lows that are happening now are not dissimilar to what has already happened this year before it rallied. So I expect it to do the same, then keep repeating the 5 to 8k and back again swing (It may get progressively lower as ot continues this cycle though). If that is the case there is still money to be made but you have to keep turning over your coins. Hodl has gone.

we are sliding back towards the lows from earlier this year, but the difference is that this time its a more gradual descent rather than a panic, so there is still potential for another big selloff to push us down to new lows. This is how bear markets operate; big rallies to firm up the hope, then gradual bleeding off to push prices back down and then another big selloff that pushes us through to new lows.

The charts for all these coins look identical to any metoo.com around 2001, and I'll wager any other bubble asset that ever existed.

 

[The binman chronicles]

we are sliding back towards the lows from earlier this year, but the difference is that this time its a more gradual descent rather than a panic, so there is still potential for another big selloff to push us down to new lows. This is how bear markets operate; big rallies to firm up the hope, then gradual bleeding off to push prices back down and then another big selloff that pushes us through to new lows.

The charts for all these coins look identical to any metoo.com around 2001, and I'll wager any other bubble asset that ever existed.

That is why it will be interesting to see what happens from here, do we see it pick up again once BTC hits 4700 as people look to manipulate the market or does it keep going.

 

[Efcjake]

What level are you planning to sell at again @Kev The Rat