We touched support line and now forming triangle between 8800 and 8300. This triangle looks bearish and I do not exclude such an option that we will see a false breakdown of this triangle down and then up. I understand now people scared and some one sell their bitcoins but for me is just an accumulation zone. At the moment, I do not see that bitcoin may fall below 7850, we have a bullish trend after 50% correction and continued upward movement, if we break the upper resistance line we will fly above 10k
Time to consider the real market. Look at stocks, they are pretty cheap. Crypto is a complete waste of time and money.
TradingOn
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@mbc47, the fact that stocks are cheap don't necessarily make them a good buy opportunity.. You better review your point about crypto though, they are here stay, be prepared for the long run!
lexsteel11
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I’ve seen your comments in these threads a lot- literally all you do is make fun of people who invest in crypto, which is odd given that it seems you are on the crypto ideas section 24/7
mbc47
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@mhaus2007, I'm not in crypto more than 2 min a day these days. mostly because I follow people.
What I said is absolutely true - don't waste your f.. time
dysangel
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@mbc47, your "real market" is way overdue for a reality check. You could let the other grown ups make their own decisions. If you don't want to get involved in a deflationary currency that's up to you, but if you look at normal inflation and occasional instances of hyper-inflation over the last hundred years, governments and banks clearly have a very poor track record of managing their currencies. All inflation does is ensure that people who already have other assets remain a lot richer than those who are in cash.
@IndoMilo, you are mocking me because i sound like warren ;)
And you thing I'm the dumb one??
dysangel
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@mbc47, "And you thing I'm the dumb one??".. the irony..
mbc47
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@dysangel, no irony, misspelling is fairly common, fat fingers.
But yes, mocking me, because I sound like Buffet is truly dumb.
dysangel
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@mbc47, the letters are nowhere each other, it's more about motor patterns in this case. It's still ironic that you're trying to imply someone is dumb and then can't even write a sentence correctly.