Eric123 Posted December 8, 2018 Share Posted December 8, 2018 Well it looks like we still haven't bottomed yet. $3200's for bitcoin and we got a little bounce but not much. Looks like maybe we should have got to this point earlier or at least someone is trying to come up with an explanation - Bithub kinda held the price around 6k for longer than expected although the logic of the below article is illogical https://www.ccn.com/crypto-exchange-bithumb-may-have-temporarily-propped-up-bitcoin-price-analysts/ The level of journalism on the articles about bitcoin is just pathetic, just headlines that are unrelated to the article trying to move the price down. https://www.marketwatch.com/story/bitcoin-makes-fresh-15-month-low-as-crypto-collapse-resumes-2018-12-07 What bad news??? There is no bad news just price action!!!!! I can't believe anyone would sell bitcoin at this price. Hilarious. If you went long last year at the high and went long on margin, or bought with your credit card or took a loan out to buy bitcoin you are an idiot, but now you may be forced to liquidated. But anyone else what are you thinking????!!!! The people wanting to jump out of windows now cause of the price drop is nothing compared to the anguish the people selling now are gonna feel in the next bull run!! "Oh you bought bitcoin at $15,000!!! wow now it's $300,000, you must be rich??!!" "No I sold at $3,300, lost about $30,000 and missed out on $1,000.000. Then I went into a Depression, my wife left me and all my hair fell out. I'm back living with my mom and see my kids 3 days a month." Don't let this happen to you!! But if it does I will laugh in your face!!!! Who would sell at these prices? Obviously when you sell out someone else is buying in so here is a good question to ask yourself, "is the person on the other side of your trade dumber or smarter than you." If you are selling at these prices you know the answer and you deserve to lose money. Link to comment Share on other sites More sharing options...
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