After Weeks of FUD, I do Believe the Sentiment Has Changed to the Positive.
JP Morgan and the Chinese Government Sure Ravaged Us but We Are Fighting Back.
I admit that I was a little shaken up by all the FUD. Our net worth took a huge hit as did many of my fellow Crypto fans. It does not feel good waking up, swiping your Blockfolio and seeing everything you own in the red. The shorters sure had their way with the market.
Now I Wait for the Short Squeeze.
Those who are short Bitcoin will now begin to unwind their positions. The FUD is fading and the FOMO will kick in. I am preparing my longs and hoping for a profitable coming week. We could see Bitcoin blast back to $5k in short order. This is what I am betting on.
Happy Trading!
You might be right about the short-squeeze. On Monday, just after the first rally up to $3800, a lot of shorts were taken on Bitfinex. I think some of those shorts were squeezed during the second rally to $3900 on Monday night.
This evening will be telling. As the Koreans and Japanese wake up we could start seeing some fireworks.
Yep. We're already within $25 of $4200. If this really continues towards the end of the week, I wouldn't be surprised if we see some more professional FUD from China. The PBoC has timed every one of their "statements" on cryptos during a rally!!
Shorting Bitcoin, even more dangerous job than working for Hillary at the DNC and having dirt on her... hahah
True Story!
Hahah, indeed, many a trader has been badly burned, including yours truly back when I was stupid enough to do it. regards!
Speaking of Blockfolio, what does your gut tell you about that app? A useful tool for hodlers or a CIA sponsored trap to tax us blind?
Thanks Sabbir24!
JP Morgan and the Chinese and probably the US Gooberment are all scared of losing control. They can all eat a dick. Bitcoin ain't goin NOWHERE!
Dear Fiat Currency...
The mojo is back!! I guess bitcoin and all cryptocurrency will close the year on a very positive note
Hopefully it will take the rest with it . Cheers
I posted this elsewhere, but I will say it here too. The swings in price are exciting, but they are not for the faint of heart. Until the price can stabilize I don't see a large portion of the population getting involved. I have heard this from people I have encouraged, they are just not interested in seeing an investment lose 40% over a couple of days even if it comes back and goes up the same amount. The most common investor likes stability or perceived stability. I would like to add, that if this theory of mine is true, then all this talk of a bubble is definitely wrong, bubbles will take everyone in, not just those inclined to endure risk.
I don't believe in the bubble theory and in no way are we at the point of huge adoption. My guess is a few more years, but I am not waiting for the taxi driver to care. I am all in!
Yup. This exactly.
I think adoption is currently taking place with TenX/Monaco cards and also OmiseGo. They all had huge % increases. This is the beginning people :)
you said it :)
Yup, I believe this is the beginning of the return!
its just the normal fluctuation.. to many new stuff are going on to predict a trend--but still great to see thats its stable around 4000 dollars.
I just read that another hard fork is coming in October for bitcoin so this might just be a short lived spike but I could be wrong!
we will surely see bitcoin on the moon this time.
amigo #resteemia at your service
ReSteemia
'UpVoted ReSteemed Commented'
Very nice post sir.
Yah bitcoin is back. The confidence level is way up now. Congrats to bitcoin.
Congrats BTC
Thanks @hilarski
Have a nice day
@hilarski,
I was placing an order at 3600 USD :D Let me get few BTC in that price! Then t need to be go up :D
Nice article dude!
Cheers~
@hilarski - Sir, I wish it will rise, then all alt coins will rise too. Love your post Sir <3
+W+ [UpVoted & ReSteemed]
like always, just FUD.
i lost like 50% on Blockfolio, but now is going up again!
Too much fuss anyways, Bitcoin got from 1k to over 4k in a very short amount of time. Then when it goes down 1k it's immediatly, "noooo!! Bitcoin is doomed" xD
Yes, people were quite dramatic about the correction. We need them. I just don't like how it was done. Pure FUD.
Thanks for your great positivity friend. You like people are the great hope for us, for our future development of steemit community, so great thanks for the great positivity. Happy steeming.
Agree with you sir. Bitcoin will be reach $5000 in next week.
Cool post I really like your post and I always follow your post, I often share your post with other friends so the brand can learn from you to generate posts like you and do not forget also share and apvop my posting, hopefully you always succeed
https://steemit.com/art/@imranroza/that-s-married-2017924t15244650z
May be I believe this. Sometimes little bit funny videos you sharing sir....
great bitcoin! hilarski
Congratulations @hilarski
MinnowsPower listed your post "Is Bitcoin Getting Back its MOJO?" as one of the top 10 upvoted and commented posts of the day...!!!
Yes, BTC is about to search a new peak at 5500 USD this time. Exceptional article
100% Upvoted by @MinnowsPower
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Outstanding post and narrative.
Thanks for sharing such great post with us.
Yep you are right @hilarski bitcoin price increased again and hope it will hit $ 5k soon or at the end of this year
Nobody can stop the bitcoin train. It really looking positive
wow
5k wow that's a great news -@hilarski-
surely you can get feedback much more than your assumption, thanks for sharing.
yah i think bitcoin finds it's way back up, go bitcoin
Another hype cycle has started! The mojo is back! Bye bye China.
Crossing Fingers!
Instead of investing in a bank, I think it is worth buying a BTC.
100% like and resteem.
Another attempt at 4100 now! I believe we're in for a big bull run before November fork. $6000 in October!
If that happens we will have one happy family!
I will cook my own spleen and eat it if it doesn't hit $6000 before November!!!!!
I like how you shake it. Nice show here @hilarski
jajajaj its very funny! thanks :)
@hilarski
The future 6000$ BTC,,,,,,,,,,,,,
Upvote Resteem
hahaha super post realy.
haha this post is amazing one those gifs along with it :D
Wonderful post @hilarski
fun post Randy !
Nice to see you're still kickin'
Bitcoin is unstoppable, Stay thirsty my friends.
I bet it will go up... just... saying.
It was bound to happen. Just a matter of time. Any good investment never goes up in a straight line. This was just a small correction in a big bull trend.
The reason prices are less volatile is because China has fewer traders.. and most of the US Traders have a positive feeling about Bitcoin. Although, I do expect some volatility over the next few days leading up to the China 9/30 deadline for BTCC trading.
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