There is a new exchange in the UK that will be launching...and they are using Bitcoin Cash as their as their base c.c. This, along with Coinbase adding Bitcoin Cash, makes me want to throw some money down for short term gains and sell out.
Funny, I did basically the exact opposite at almost precisely the same time. Good luck to you, though. As volatile as all of this is we could easily both come out ahead.
As long as these exchanges want to play with it and people will fall for the trap, I'd like to make some money off them.
yes sir sold at 18k on coinbase for the max. waiting for tuesday afternoon to buy back at 9kish. this was the most obvious short play in the history of commodity trading
See that's my problem, I never said a short was unlikely anyhow and even stated I can easily see it happening. But all the talk regarding "this will be at xy K at xy PM" is complete bullsh**, even the biggest experts have no clue right now. These precise statements are not based on any analysis whatsoever and just you having too big of an ego because of past success. The moment you're doing these "oh it will drop to 14k at 2pm" or "9k Tuesday afternoon to buy back in" predictions without any substance, you're setting yourself up for failure. Seen it too many times with other people and always the same outcome. Even the biggest experts would tell you "this can go either way, but in case of a short, this level is the most likely support lvl" etc, no reputable person would ever say "this will drop to x amount at x PM", because it's pure speculation based on zero foundation.
Not out of the woods yet, but at this point far stronger than many predicted. This evening will probably be crucial, but I'm cautiously optimistic.
Nothing is stable until btc stabilizes, see what happened yesterday with everything tanking along with btc. While alts are competitors to btc, they still rely on the overall market trend and need a strong btc. It's different when a correction happens, but alts don't really thrive when btc is heavily attacked/dumped. Have an eye on btc in the next hours and time carefully.
I was gearing up for worse than where we're at right now... Problem with betting on BTC getting very low in price is that there are millions of people waiting for even a small dip to get back in. But, we'll see what happens tonight and tomorrow. This **** is fun.
That's what most people forget when talking about past btc struggles. In today's market, the masses are screeching on the sidelines and want to buy every dip, so you'll rarely see a weeks long bottom like we did in the past. You have to have your eyes on this 24/7 to catch the right moments.
