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I have called the last 6 serious dips. Just look at my post history.Below I have listed each time. Do you know how I call these. It is so easy as you just have to see the FUD and how thick it gets. Same characters are always involved China, WSJ, CNBC and a army of new posters that spread some serious FUD on both reddit and bitcoin talk. Most posters are new and less than 1 month history on reddit, but they come in droves.
Here it is for the newbies once again and you need to hammer this in your brain. THERE IS NOT ENOUGH BITCOIN SUPPLY. 16.5 million outstanding and 4-5 million lost through bad passwords and failed hard drives. 2.5-3 million held by the original people like Satoshi ( I am convinced it is the deceased Hal Finney), Craig Wright ect. 4-5 million coins held by Hodlers. It leaves only 5-6 million coins between 20+ major exchanges and the entire WORLD. I keep seeing all this TA, but this is not a stock. The people that sell are going to regret it again, and again. If you are in over your head and need it for bills you should have never bought this. This is when the weak hands get slaughtered.
I just bought some more at 3915 and keeping another chunk for 3500-3600 range which not sure if it will hit. Take advantage of the FUD.
Also I really hope China finally bans it outright. they will soon realize you can't ban a decentralized network. They should also ban mining while they are at it. This will be the best news in a long time. I really have a hard time believing China capital outflow theory. There is something else going on, and it could actually be a group of people in China are making major $ $ $ through the buy/ FOMO / sell / short /FUD / cover / buy. Why else would the second largest economy in the world go after something over and over for the last 4 years. Bitcoin will be so much stronger without these people just like when we split from the big blockers.
In addition look at all the new tech headed are way. Lightning network, MAST, Schnorr Signatures, and on and on.
Upvote me if you have conviction here !!
Dip in late July 2016 post is on Bitcointalk
Dip from 1150 to 775 in January off the China bans bitcoin https://www.reddit.com/r/Bitcoin/comments/5ncue0/perfect_time_to_buy_bitcoin/
Dip from 1300 to 950 off the ETF https://www.reddit.com/r/Bitcoin/comments/5ycmci/about_time_to_buy_more/
Dip 2100 to 1700 https://www.reddit.com/r/Bitcoin/comments/6avtaq/sell_at_all_costs/
Dip from 4400 to 3600 https://www.reddit.com/r/Bitcoin/comments/6v8z7q/sell_now_the_end_is_near/
A mysterious man photobombed US Federal Reserve chair Janet Yellen earlier this week, surreptitiously holding up a legal pad that read “Buy Bitcoin” …
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