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RE: BTC emergency update!!! 26.12.17
Sometimes the price goes up, sometimes the price goes down.
- It's really hard to know where the price will go in the short term . Drawing lines on graphs may not actually help too much. The forces of supply and demand set the price of bitcoin.
The best bet is really to do some type of sentiment analysis. - Considering it is sentiment that drives the price, putting out a "btc emergency" post can be self fulfilling. For some, you could be instilling Fear/Uncertainty/Doubt into people, hence increasing supply (those wanting to dump btc) and decreasing demand ( those wanting to buy at a given price point ).
However I do respect your want to warn people (in hope that it's ernest) .
Yeah, but those 100 people watching my blog probably won't have 2 million BTC (equal to 31 Billion $) to move the market in any direction by buying or selling...
Of course it is ernest. I have a lot of money on the line, too. I doesn't work out 100% of the time, but I invite you to check and review the performance of my posts.
Thats true, but smaller movements can snowball effect. I'll check out your posts though :)
( why would 2 billion bitcoin be needed to move the market in any direction, I'd say even 20% of the 24hr volume could, though in all honesty thats still around $2.5 billion lol )
Good luck and have a happy new year :)
We are talking about getting BTC down from 16000 to 6000...
Best of luck and a happy new year to you, too.