August 1 may cause a bitcoin crash

Discussion in 'Crypto Assets' started by johnarb, Jul 11, 2017.

  1. Pekelo

    Pekelo

    You don't need a crypto Ponzi example, there are legit companies like Amazon at $8 or NLX for $5. The problem is, can you name something that is cheap NOW and will be a 10 folder in less than a decade?
     
    #31     Jul 24, 2017
  2. lovethetrade

    lovethetrade Guest

    LTC is actually due for a decent correction so time to be cautious for 'buy-and-hold' investors. Technically, BTC and ETH are at the other end of the cycle.
    As stated above, BTC was overdue for a long term correction. Alt-coins were at the opposite end of the cycle. I don't think there's any need to look into it any further than that. BTC will most likely power on after Aug 1 and the alt-coins will start to pull back relatively.
     
    Last edited by a moderator: Jul 24, 2017
    #32     Jul 24, 2017
  3. Pekelo

    Pekelo

    What a disappointment. The symmetrical triangle broke out downward. It is almost always continuation, thus was my prediction....
     
    #33     Jul 25, 2017
  4. All this price action is "pre-news". We'll see where things lie on Aug 2.
     
    #34     Jul 25, 2017
  5. niglakai

    niglakai

    Altcoins to this date are taking the biggest hit. As far as crashing BTC I doubt it'll drop substantially.
     
    #35     Jul 25, 2017