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Well I had a nice run with Bitcoin until good 'ole Billionaire investor Peter Thiel got involved and announced his big interest in Bitcoin . Way to go Peter! Thanks a lot! He ruined my bearish projections thus sparking a bull run back to the top trendline . We'll have to keep an eye on it up here for any substantial signs of the bull run continuing but going to stay neutral. If I had to choose a side I would still be bearish for now since price could not gain any momentum above our trendline . Good luck and happy trading!
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Well price took a bit of a detour but got there eventually :D
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Don't short Bitcoin; buy the dips. When everyone is selling it off, start accumulating!
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People keep making the mistake that Bitcoin is too high. No, it's not. Bitcoin *is* the Market. The real bubble is 99.95% of these garbage altcoins. The game is to accumulate Bitcoin; that's why shorting it produces lukewarm results. Trade altcoins instead (BTC pairs). E.g. ETHBTC to trade ponzi sceme Ether against Bitcoin or XRPBTC to trade scamcoin Ripple against Bitcoin.
Those coins have gone up severalfold and earned people lots of Bitcoin (unless they are trading in USD... which I have quit entirely as the market revolves around Bitcoin).
Those coins have gone up severalfold and earned people lots of Bitcoin (unless they are trading in USD... which I have quit entirely as the market revolves around Bitcoin).
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??? You actually think Peter Thiel had that much of an effect on the price? Bitcoin goes up at times to scare altcoiners and bring the prices down for Whales to scoop up cheap coins. You should be trading altcoins to earn more BTC. Don't trade USD unless you are trading USD as an altcoin (but USD doesn't go up very much so you have to bet Bitcoin is going down).
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