Was this really the dead cat bounce all along?
Are we all going to be poor? And not rich as intended?
Shhh.. such negative comments are not liked here. I wouldn't call it a dead cat bounce, but we will (most likely) see another dip after going sideways for a bit more.
>>3505736
Yup, fucking sold early this morning since I saw the momentum was lacking for anything beyond $4K.
now is the last chance to sell before 3k again
>>3505736
IT'S GOLD MAN
HE'S GOING TO FUCK US ALL
>>3505736
What exactly could kill BTC? People will keep sinking their money into the abyss of potential which will keep it going up.
>>3505851
According to your own picture 8.98% of the total volume of BTC is selling below $3k, while over 50% of it is trading above $3.6k. Why exactly does China dumping at an overall low volume mean jack shit?
>>3505851
chinese can't deposit into their exchanges to arbitrage trade
before: deposit CNY, buy BTC, sell USD, buy CNY, deposit CNY repeat
now: buy BTC with whatever yuan you still have left? no. withdraw yuan, sell BTC for yuan, withdraw yuan
that's what's going on in chinese markets right now
I always suspected that 5k BTC was just too much too fast. honestly 3.5k is more of a fair value for now. it'll go back up in time.
https://youtu.be/nJ1xF7IXXAM