Question for Bulls

Coinbase reckon they have $10b ready to enter from institutional investors once custody issues are resolved and the regulators settle down - but it’s probably a lie

It's going past 1 million.

>you people have the attention span of goldfish

ironic coming from you, retard. BTC was under 1K in 2017. Like I said, we have way more to dump

I’d prefer it just went ahead and happened, waiting for it is worse

I said I agree with you on that already you fucking nigger

jesus christ, tyrone, just go back to niggereddit already

probably won't happen but it's not totally impossible.

I mean it's going WAY down. Like bear market for 2 years down.

I personally do, not that that really means much.

The way I see it, the next major support is roughly 7600 which is where the 50 week moving average and muh fibs line up. Beneath that however does not appear to be much. We've got the 6k level that's been tested twice that might hold as support again which I find unlikely (both prior 6k tests basically bounced off the 50 week MA, but another 6k test now would put us well below that). Looking back to 2013, we had a similar pattern - a couple of bounces off the 50 week MA but once that was finally breached it was pretty much over all the way down to the 200 WEEK ma, where we languished for a year going sideways before the late 2015 rally to kick off the bull market we just saw.

My opinion is that a conclusive break below the 50 week moving average again is the signal to get short or prepare to get short. Until then we will likely just continue to chop and who knows, could even hold here, although I feel that's unlikely. As it stands there are still a ton of margin longs (finex margin traders are net long 13k btc, and BitMex futures contracts are still trading at a decent premium to index indicating the sentiment hasn't been crushed yet.)

Attached: fib levels of entire bull run.jpg (1785x938, 177K)

as soon as LINK's mainnet releases it becomes the first crypto ever to have a legitimate real world use
at that point LINK jumps 1000x and drags the rest of crypto up with it, albeit less so

>What force of nature will stop crypto's seemingly inevitable collapse?
What will stop it? It's superior to fiat in every way. Only political resistance can stop it, and greed will overcome that eventually.