plz respond
You're welcome
if you going to buy now, any time. Otherwise you can wait till the 21st. At this range any price is a good price.
do you still think bakkt will launch on 21st?
Chinese New Year always makes the price dump
cny is 5th feb tho
that date is what my TA is pointing at breakout, i didnt even noticed it almost coincide with chinese new year. Guess buy anytime now prior to that date. Chink are degenerate gambler, so good time. I believe it is the year of the pig which represent wealth.
1 of two things will happen with bakkt:
1) bakkt is delayed again
2) bakkt launches but volume trickles in and is lower than expected
Either way, we dump
> Buy tens of thousands of BTC in 2010 off BTCTalk for peanuts (bitcointalk.org
> Hold and continue to accumulate over the years
> Ally and become friends with other large holders/whales
> Remember you bought 10,000 BTC for $50
> Decide to mess with market to buy more BTC at a cheaper price
> Wait till low volume
> Sell 10,000 BTC (that you originally bought for $50)
> BTC Price drops by 5% and normies start to panic again
> Watch normies capitulate and sell.
> FUD
> Post on /biz and reddit and mislead community with paid comments and manipulation
> Wait for more panic selling.
> Organize with friends/allies in private IRC to keep dumping and igniting more momentum
> Buy cheap BTC in bulk
> Normies think it's a bull run, sell to them
> Your $50 (10,000 BTC) just netted you hundreds of thousands of dollars in a few days, and you've increased your BTC
> Rinse and repeat.
While these charts are nice and all, this whole market is too easy to manipulate because of the above scenario, and so, there is no point drawing triangles and guessing, really. You're better off just putting yourself in the shoes of the aforementioned group and trying to think like they would think.