I just sold everything. See you guys at the bottom

>Fomos in
>Gets dumped on
>Now fudding with the hopes of lower coin prices
The absolute state of bears

pls explain to a brainlet

are you saying we are going into a cup formation

>"He sold? Pawmp eet..."

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Just look at the pics, especially the long-term one as that puts things into perspective: BTC maybe will go up a little bit from where it is now, before going down, but it WILL most likely go down a few thousand $, then it will stay "down" for an unknown amount of time (days? weeks? who knows) then after that it will begin shooting up towards a new all time high -- in other words the real fucking bullrun will begin. Now according to that pic it will take until 2019 for us to see $20k, but probably that can happen this year -- probably BTC can go way above $20k this year. But first it will go down, and many people will think of that as a "crash"... and that happening is a GOOD thing. Because it causes BTC to reach a higher high later. It will make the bullrun more insane.

(to be continued....)

(continued)

The following is a bit of a weird analogy and the direction is wrong/reversed (down instead of up) but just go with it: Think of it like rolling a ball down some surface (angled at for example a degree similar like the white line in the longterm chart), where at the bottom there's just flat ground... the higher up you let go of the ball, the faster it will roll and therefore it will roll longer. If you only let go of the ball in the middle of the "hill" then it won't roll as fast or as far after it reaches the bottom. With BTC (or any coin) of course we want it to go up, not down, but the principle is sort of the same... after BTC "crashes", that gives it increased "momentum" or "force" to be able to "roll" farther upwards. If BTC would continue up from here, to 11k for example then the chances are big that it just stops at 12 or 13 or maybe 16 or 17 at best, then goes down again... but if BTC first "crashes" to below 7k or 5k or even something super low like 3k, then it will "bounce" back with much more force and can easily reach more than 20k, maybe 30k or 40k or 50k even, in that bullrun, and then after the bullrun cools off then BTC will only go down to 40 or 30 or 20, and never again be as low as it is now. Get it? with a more extreme bullrun, the top will be higher (lets say 50k) and the new "lowest possible bottom" (lets say 20k) it can reach won't be as low, compared to if BTC went for a bullrun now and only reached 17k and then fell down again (then it would probably go down to 11-8k again).

And, to get the most extreme bulrun possible, we first need BTC to "crash" as much as possible. That's an important ingriedient for a proper bullrun with massive strength to occur.

I know this text was written in a bit of a retarded way but I'm fucking tired.

Realizing your own limitations is usually a sign of high intelligence. I think this guy is making a smart move.

That being said, leaving the market right now, to me, seems pretty god damned retarded.

so wouldnt this mean I should buy in now and cash out at the the bull trap and buy in again in july/august?

regarding the weird ball analogy, I guess we can say simply this: the lower down BTC "starts" (the bullrun), the higher up it will (has potential and strength to) go.

SODL !!!

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Meme lines are so fucking stupid.

This space is evolving so rapidly that old meme lines doesnt matter. You'll always find a pattern if you look for it.

I dont think any of the meme lines will go through, as releases, developments, FOMO all sort of other events will cause the trend to break.

tldr; the crypto sphere is evolving too rapidly for TA based on historic prices to be valid. Unexpected shit happens all the time and can trigger a bear og a bull market.

checked.

well, when to buy and sell is always a bit of gamble and causes risk, but yeah... Some people just hold, to be on the safe side, and some sell.

In theory yes it would be a good idea to sell now and then buy again at 8k or 7k or 6k or 5k (but what if it only goes to 7k for example? don't wait too long as there's no guarantee it will go down more)... whenever that happens.

meant to write "Some people just hold and buy more"

gotta go sleep, bye faggots