RE: Bitcoin (BTC) Morning Update: Expect Bull Wicks

The question is rather, what about the BUYERS ? Many people are afraid, others will want to wait for lower prices (moi) - and institutions refuse to buy because they hope if they just wait, crypto will starve and no longer molest them. Lets us wait as well nd see how low this will push BTC and with it all crypto, so we can finally be done and grow again - because most people here will only ever buy GREEN.
I'd rather see Bitcoin fall to 2k than watch this shit for another month or even a year...

$0.15

1 vote

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davebrewer (59) 7 years ago

You hit the magic number. $2K could be possible

https://steemit.com/bitcoin/@davebrewer/hodlers-can-be-uninformed-morons-do-you-understand-you-are-not-buying-lottery-tickets

$0.07

2 votes

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jojof (42) 7 years ago

More expect 4 k... down below 6 right now. Looking at Lumens, the most practical coin, and it held/bounced at 30 cents thrice (which bitcoin never managed) but finally fell deeper as well. The situation is scary I guess but look at Ripple which is at 50 cents and used to be at 3.50 - seven times higher. We now know this is possible, we did not before... the market is anything but dead but it cannot go low enough for my taste ;)

$0.00

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davebrewer (59) 7 years ago

Liquidity shortage? WTF are you talking about. There is so little BTC bought on margin that there is no such thing as a liquidity shortage. You like to throw terms around without having the faintest idea what you are talking about.

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What is a 'Liquidity Crisis'
A liquidity crisis is a negative financial situation characterized by a lack of cash flow. For a single business, a liquidity crisis occurs when the otherwise solvent business does not have the liquid assets (i.e., cash) necessary to meet its short-term obligations, such as repaying its loans, paying its bills and paying its employees. If the liquidity crisis is not solved, the company must declare bankruptcy. An insolvent business can also have a liquidity crisis, but in this case, restoring cash flow will not prevent the business's ultimate bankruptcy.