I called the crash but im not psychic lol

[Bigmurph6]

I was really interested in everyone’s opinion on how they think that btc is going to play out in say the short term meaning until end of year but also long term meaning 6 months from now does anyone have any information or strategy about investing in btc

 

[Raphael3636]

I feel like trending patterns typically show the BTC usually crashes around this timenof he year untill the New Year, then it will slowly rise. I’m in no way an expert on this, personally I don’t even use BTC, but I do like to follow the market.

 

[josh]

Trends on btc crashing at this time of year? Did you follow bitcoin last year at this time?

 

[josh]

I don’t think btc is done falling yet! And with how it’s been going it looks to me that the risk is to much for me, and the reward isn’t there anytime soon!

 

[SemperFi]

Here is a common themed thread…

Bitcoin bounce? Its on the move Bitcoin and all Trading Stocks or Crypto

So bitcoin is becoming an investment option again it seems. Lately if anyone else follows the price changes during the beginning of October you will see that it has dropped from 6500ish to 6000ish back and forth between the two for the past couple of weeks. If this trend continues I believe that buying in at around a 6000-6100 is a good idea. I believe that as the elections in the usa are coming up the price of bitcoin has a good chance of climbing to 7000+. If you follow gold and silver also…

 

[SemperFi]

It’s broken all historic support. $3k is possible but I have not studied all the charts since I do not follow BTC. I am simply going of the basic historic chart and that’s where I see the next support (June ‘17). $2k is also a strong area of support. Resistance is at $6k.

 

[Bigmurph6]

You are correct im like the ntc whisperer.
Lol
Its really just so easy to predict when it is going to rise or drop for me because ive been following btc since it was around 100+$ a coin
There are trends that happen around certain events and it always effects btc

 

[Bigmurph6]

Btc won’t recover past 5100 until next year even if it does recover

 

[Bigmurph6]

You have it right i don’t see any recovery until after the first of next year of at all

 

[josh]

even if it does recover

That should be a big IF

 

[SemperFi]

Quite honestly there is not enough historical data to actually even predict what BTC will do or not do. You cannot even trade this thing on the technicals. If you want to speculate and take advantage of the herd mentality look at the 1 hour chart and make a move based on volume.

You are better off playing keno… seriously.

 

[josh]

look at the 1 hour chart and make a move based on volume.

That’s what I usually do as well before I purchase and send! It helps minimize my loss when making quick purchases

 

[MBTJR1980]

I am lost when it comes to btc! It seems like it jumps around a lot which doesnt seem all that predictable or safe. I would love to make a move and rake in the dough but im too afraid of losing money! Especially since i work so much to have the nest egg i have its not worth gambling on it to me.

 

[josh]

Risk vs reward bro… it’s like placing a bet on the chiefs playing the rams again in the superbowl (based on the fact they just played each other)

Right now betting on bitcoin is like flipping a coin to see who gets the ball first in overtime… sorry guys I love football

 

[MBTJR1980]

Lmao! Very good analogy makes it much easier to understand but im def not a gambling man especially with the responsibilities of a father and husband on my shoulders! I know they say you’ll never win if you dont play but you also will never lose either

 

[josh]

Very true statement and what gets me is how people can gamble money away that they “worked” for! Might be a different scenario if you were born with a silver spoon in your mouth but for the blue collar worker you definitely have to be cautious were your funds go!

 

[MBTJR1980]

Totally with you there bro! Cant play around with my money i need it too much!

 

[Bigmurph6]

When investing in anything even if it is 99% positive to make you money only invest what you can actually lose. If you were to start investing use only profits to invest from your first investment then only grow those profits unless you can risk losing more money.
This way even if you lose everything you really never lost your hard earned money.

 

[Bigmurph6]

I don’t believe this at all you can ask @TG I have literally called every crash and spike. Btc is so easy because there are markers and patterns that always happen and rarely vary. With other investments anything can happen to effect those but btc is decentralized so there are only a handful of things that effect it good or bad

 

[josh]

If it’s decentralized why do governments have such an influence on price fluctuations with btc?