why i have been saying the bottom is in at 9000
Updated
look at the chart, tell me we are not right on schedule, with increased ease of tradng compared to 2017 by FAR! the appearance of traders like me making large investments for people that otherwise would stay out of crypto, and the increased expense of mining cost out of control, I dont know why so many believe we can sink any lower,... i mean ok, MAYBE we slip into the 8k range for a second, but even then, we are closinjg on the halvening fast, one that is going to be for the books and I just cannot see a possibility were it drips any lower, I HAVE SAT THROUGH BOTH 2012 AND 2016'S HALVINGS AND SUBSEQUENT RUNNINGS... but hey wtfdik right? im just a minor with friends that hold 10s of thousands of btc and work in the industry for life and sense it was born... i would ignore me if you want to lose money ;) lol, happy trading! love you all! especially you Heisenburg! now we may trade sideways for a bit so hold your horses! there is some wiggle up and down room but for me, shorts are OUT for now as you never know when its going to take off and stop turning back as it ALWAYS DOES. this is not a traditional stock or asset!!!!! it DOES NOT BEHAVE LIKE ONE! PROOF OF WORK CRYPTO HAVE CAUSE AND EFFECT RELATIONSHIPS ALMOST LIKE THE DIFFICULTY OF MINING GOLD AND SAY THEY MADE RULES THAT YOU COULD ONLY MINE HALF THE GOLD YOU ONCE COULD, AND IT WAS GOING TO COST DOUBLE TO DO SO, WOULDNT GOLD GET MORE EXPENSIVE?? ONE WOULD THINK SO, ONCE THE MINES SHUT DOWN AND THE SURVIVORS LEFT STANDING GAINED THERE GROUND! it is a whole new ecosustem that is comprised of net hash rates, difficulty rates, block times and sizes, electricity and now TAX costs... it is not just a currency guys, but theres my rant for the day, happy trading one love to all and lets all make a million plus this halving ok!?
Note
for us to go to 7500 we would have to set a new pre halving record drop by almost a whole 12%! we are sitting at 35% ish now, 38% is the greatest drop for the time period we now sit... think about that and the increased cost, interest and soon to be pump of money in,.... seriously because there is not alot of short left unless we break the system wich could be done but i doubt it
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