Bitcoin Liquid IndexShort
Scenario 1: slow and painful.
Updated
Hi biggest FUDDER here.
I feel this is going to take a long time...
People are persuaded they'll become millionaires, so they're just going to never let go till this thing hits the ground.
There's no reason for anyone to buy right now.
Comparing the 2 bear markets they have the same main steps, I'm certaintly not calling to start a trade based on this, just trying to get an idea of how long this could last...
Going to take a while and people won't sell at 3000-4000 because they'll think that's the final bottom.
I'm just wishing the alts lose correlation to BTC but that ain't going to happen let's face it.
I have a second scenario I think the bulls will love it ;)
I feel this is going to take a long time...
People are persuaded they'll become millionaires, so they're just going to never let go till this thing hits the ground.
There's no reason for anyone to buy right now.
Comparing the 2 bear markets they have the same main steps, I'm certaintly not calling to start a trade based on this, just trying to get an idea of how long this could last...
Going to take a while and people won't sell at 3000-4000 because they'll think that's the final bottom.
I'm just wishing the alts lose correlation to BTC but that ain't going to happen let's face it.
I have a second scenario I think the bulls will love it ;)
Note
Ok 2 months have past, I think we're falling pretty sharply for Bitcoin.Might slow down, but should accelerate by now even if it is summer.
Some action!
Note
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