BITSTAMP:BTCUSD   Bitcoin / Dollar
829 7 9
Bitcoin             has topped and will lose at least 70% of its value from here. Since the hard fork has been cancelled, all the altcoins will gain value absolutely and relative to bitcoin             .
Kommentar: The down move does not appear as impulsive as I would like to see. There might be more up after this daily divergence is corrected. Based on the price action so far, I am reconsidering my position that this is the beginning of the big down move.
Kommentar: Corrective pattern
Hi, 70% seems like a lot. Can you expand on your idea, so I can understand better why.
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But.. please, use log scale
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I hope you are right
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Be careful about shorting. Phil Potter might PUMP more Tethers (USDT) and cause short-squeeze. Better to buy alts.
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twindestiny mightytrader
@mightytrader, would bitcoin price sharply fall ?
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mightytrader twindestiny
@twindestiny,Bitcoin did fall "sharply" a few hour ago. It almost touched $7,900 on Coinbase and then crashed to $7,150. Depends what you mean by "sharply". ;)
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mightytrader twindestiny
@twindestiny, Bitcoin might go down... but no one really knows how low. To me... I could care less if it drops to $1,000 or $2,000. It just means I'll buy more with USD.

But it doesn't go straight down. It might seem that way in some cases but only for a short time. Depends on the timeframes. It did go almost straight down earlier today. But then it bounced up again, a little. But probably will go sub-7,000. I don't know.
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