Are there people here who hope that 6k will serve as a support for the 4th time in a row? With those descending highs? That would be a miracle. I've never seen such a trick in my life.
Are there people here who hope that 6k will serve as a support for the 4th time in a row? With those descending highs...
Bentley Russell
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Adam Ortiz
There is no reversal for a parabolic drop, none that I'm aware of anyways.
Adrian Brooks
I'm just hoping they print more tether.
Wyatt James
The lower we go, the less tether we need.
Blake Gonzalez
TA is fraud
Thomas Peterson
We haven't broken it just yet
Levi Rogers
it may take a few days or even weeks. But it won't hold. There is just now way around it.
Josiah Cox
Bitcoin has a bottom and it’s 6000. Miners would never sell for less.
Fuck off with your fear mongering.
Isaac Campbell
Okay but if they won't sell lower and nobody wants to buy then what happens?
Asher Barnes
There are only so many sellers.
I'm wondering if big money is buying OTC then dumping on the open market while shorting and then repeating.
Eli Gray
>bitcoin can't go lower because muh POW
Lel
People need to buy to keep this shit above 6k. If no ones buying, it's gonna continue going down regardless of how much energy it takes to produce a useless coin that no one wants
Asher Parker
Days or weeks? It's happening in hours!
John Lewis
We stagnate for a while?
Joshua Campbell
Luis Hall
Now that almost everyone is a bagholder and people rush to sell before others do out of psychological fear, it is over for BTC until we shed loooootsa hands.
Jaxon Wilson
China can sell profitably sub 1000. Where the fuck are you getting your info? lol
Austin Hughes
>There are only so many sellers.
There are only so many buyers. The reason why it's not the bottom is because we see lower high on each bounce. It means big players aren't buying in at this price, so we don't have steam for the trend reversal. The longer 6k holds, the bigger crash we will see. Last spring I hoped for 5k. Now it's 3k at best with possibility of going to triple digits.
Daniel Adams
Just imagine what will happen when market makers like the winklevoss twins dump (assuming they didn't already)
Shits gonna be obliterated
Cameron Perry
then they will sell for lower and the miners will take a 5% loss rather than a 100% loss by not selling at all.
Then next week the miners will take a 10% loss
Justin Barnes
On the flip side, if the miners can't keep it afloat, the bottom will fall out and this shit will gap down straight to 0 over three ticks.
Christopher Murphy
where are YOU getting yours?
Dylan Russell
I mine in China.