Leaning bearish on Bitcoin...if you want to be scared read this
Hello all,
Well, here is an image to have you running for your brown pants...
Charts look pretty similar don't they? If you've been following the price of ETH, which I assume you all have, it's sitting at $200. That is a substantial drop from the price above. That could easily be Bitcoin's fate and so at the moment, I am not exposed to bitcoin.
This last Tether pump didn't even take us above the recent high which is very pathetic, indeed. The best case scenario is that we have low volatility and then go up after everyone is bored. At worst, I could see a fall back to $1,000-$3,000. Don't feel despair though, I just got back from getting gas and there was a Bitcoin sign at the station! Bitcoin will rise again :)
I will be waiting and I suggest you do the same! Good luck.
-YoungShkreli
Well, here is an image to have you running for your brown pants...
Charts look pretty similar don't they? If you've been following the price of ETH, which I assume you all have, it's sitting at $200. That is a substantial drop from the price above. That could easily be Bitcoin's fate and so at the moment, I am not exposed to bitcoin.
This last Tether pump didn't even take us above the recent high which is very pathetic, indeed. The best case scenario is that we have low volatility and then go up after everyone is bored. At worst, I could see a fall back to $1,000-$3,000. Don't feel despair though, I just got back from getting gas and there was a Bitcoin sign at the station! Bitcoin will rise again :)
I will be waiting and I suggest you do the same! Good luck.
-YoungShkreli