Well then forget the gold and BTC. BUY GUNS AND AMMO. Because if it really hits the fan, that is the lowest common denominator.
This makes for a good headline, but its probably not a good sign... I mean these guys all go broke eventually right? They're not exactly known for their financial prowess. Now all they need is a few celebrity rappers. ________________________________________________________ MMA Champ Rory McDonald Teamed Up with Bitcoin Cash Legendary MMA fighter Rory Mcdonald Tweeted out a video of himself working out in a Bitcoin cash T-shirt that raised speculation that the fighter may have a new sponsor in the Bitcoin spin-off. MMA Champ Teams up with Bitcoin Cash Canadian Bellator welterweight world champion Rory McDonald, who is an outspoken devotee of cryptocurrency, has made his connection with Bitcoin Cash public in a 30-second video he tweeted out showing him hitting a water bag wearing in a Bitcoin Cash T-shirt. Bitcoin.com Official@BitcoinCom Big fans of yours over here @BitcoinCom Amazing to see you wearing our swag, we’re definitely going to hook you up with some more! @rory_macdonald #bitcoin #BitcoinCash #bch https://twitter.com/rory_macdonald/status/1000787265533173760 … 1:56 PM – May 27, 2018 66 Replies 3535 Retweets 140140 likes Twitter Ads info and privacy McDonald has had connections with cryptocurrency since he was introduced to it by a former coach. He has had an ongoing sponsorship deal with Dash and even cites that partnership as his reason for leaving the UFC to fight in Bellator. Calling the move a great opportunity for not only himself but all fighters to improve their stake through pairing with cryptocurrency McDonald contends it’s not just talk, that he truly believes in the movement. He told the media during a phone interview at the start of his Dash partnership “This will be hopefully the first of many sponsorships with Dash and me, it’s not just for me but it’s going to a big opportunity for many other fighters and even Bellator itself … there’s tons of fighters interested in it,” adding at the end; “with cryptocurrency, there’s so many different possibilities as a fighter now that you can get into these different markets and get yourself out there, other than just being in a cage and wearing a uniform and being like everybody else.”The fighter who has in the past requested his purse by paid out in Bitcoin hasn’t announced an end to his connection with Dash but the recent publicity he’s been giving to Bitcoin Cash may mark the end of the deal and the beginning of a new one. Crypto and MMA are a Solid Match MMA and cryptocurrency share the same struggle as a disruptive underdog bucking the odds to gain validity against established if outdated institutions. McDonald is not the first fighter working to bring the two together. Conor Mcgregor, arguably one of the greatest MMA fighters ever and certainly one of the most flamboyant, has made it known that he would like to see UFC accepting cryptocurrency. John Fitch a UFC welterweight contender has also been pushing the league to not only accept but also to pay out in Bitcoin. McDonald feels that Bellator is better positioned to implement cryptocurrency into their structure since they have no binding brand partnerships. The fact that the league is based in Montreal which he calls a very cryptocurrency friendly place is a solid start to what he sees as the future of for both the league’s and his own ongoing relationship with cryptocurrency.
ok so here is how Wall Street has been gaming it... the launch of the futures, timing wise, is no coincidence shortly after the $18000 peak. the push to $18000 has to happen before the future launch, as otherwise people might come in to short the obvious bubble. then after the crash, and since retail can't tell the difference between a healthy dip and a falling knife, retail now is loaded on the futures long side while the house is short. so yeah, perfect play book.... fool you once on the way up, fool you twice on the way down.
If bitcoin goes below $7K, retest of $5900 could happen. If it goes lower, then $5K is a good support. If it doesn't hold $5K, could get ugly, lots of entries in that area, might cause panic selling. We are awaiting some major events to happen, so maybe cryptos bear market could turn around to a bull market. We'll see...
These markets are so cornered... who knows what the whales will decide to do... they might pump it up again and see if there will be new fools coming in... if not, then it's a race to the bottom.
So if goes down it's because Wall Street guys shorted it and if it goes up, it's because the bitcoin whales pumped it up. What if it goes sideways?
I was wrong, price did reach the ATH just the day before the futures market opened. I misremembered and I thought there was a week difference. That being said, I still have to see any evidence that the futures are actually moving the BTC price. I think the volume is just too low for that. So my described strategy might not work in real life. On the other hand, 10 days before the ATH volatility was already very high. A 3K up day was followed by a 3K down and bounce 2K, and no futures were needed for that roller coaster ride. Compared to that, the 5 days sell off after the ATH looked fairly usual after a vertical blow off. And there were decent rallies on the way down, 11K to 17K, typical volatile action when the string breaks.
This posting shows that you have no clue what the market will do. So on what is your decision to buy BTC based? On the stories they tell? The greed? The first thing a crook needs is a good (sales) story. So good stories are not always reliable. If the three support levels you mention don't hold there are a few that will follow: 4K, 3K, 2K, 1K ,and finally the only support that we know that will be a real support level: the ZERO $ support level. Waiting a major event is wishful thinking and a sign of ignorance and desperateness. And what if that major event happens to be a negative one? It looks similar to someone who did not put a stoploss, went in a big loss, and is waiting now to see where to get out. This situation leads many times to a wipe out. But at least you cannot lose more then the money invested (and the missed profits).
hehehe - in general I agree with this.... the usual TA talk of 'if this level that level blah blah' means nothing... the average mom and pop who got their IRA scammed into BTC is not gonna look at some lines on the chart. It's more about the market psychology, and what SITUATIONS are unfolding.