[sgbuffett]

1. Speculation blowoff that bring in the last succkers,
2. It's a classic double top.
3. Down trend formed. 
4. Final historic peak formed coincide with maximum pump of good news.

It is still very high. If I have any.... Would sell and get out

[[[ForeverAlone]]]

this is tropical " havling " common.

[winbig]

So where's the bottom?

[Sentinel]

Where's the double top?

Where is the downtrend?

Don't draw a few lines and say nonsense

[sgbuffett]

Down now to 56K....

Honestly speaking with Fed tapering this Bitcoin is like dot.com bubble bursting.

Until today the real use is so low . It is good only as a casino chip and gambling tool. As some point when the churn gets tired it can go into bear market.

[winbig]

Down now to 56K....

Honestly speaking with Fed tapering this Bitcoin is like dot.com bubble bursting.

Until today the real use is so low . It is good only as a casino chip and gambling tool. As some point when the churn gets tired it can go into bear market.

Is 56k the bottom?

[*天哥*]

can show me where & how to buy this ? DBS says their one only for selected client. thanks.

[*天哥*]

now on TV there is this Tom Cruise cryto ad. I tried joining but I cannot use my credit card to buy. So can share how u guys do it ?

[sgbuffett]

Tough times coming for Bitcoin and speculative investments.

[sgbuffett]

Tough times coming for Bitcoin and speculative investments.

Now death cross....selling pressures mount.

[Sentinel]

Now death cross....selling pressures mount.

No wonder you still so poor

HFSP then

[sgbuffett]

Now plunged to $47K...after death cross down sharply

[debster]

I don’t understand the high price for something that has no value.

[sgbuffett]

Now death cross....selling pressures mount.

Since death cross occured, Bitcoin has fallen sharply.
Like all speculative assets in the past the rise comes from more people recruited into the vehicle once they start leaving the price comes down and they need to pump the news hype to push up prices. But with new speculative vehicles like NFTs, Solana etc. It becomes harder to pump as speculatods have other markets to play and put their bets.

Bitcoin speculators will liquidate and play other markets that are still rising to make quick money. They won't stay in a sinking ship to lose everything.

Selling pressure also comes from those who borrow to play bitcoins and are forced to sell positions as they run out of collateral.

[sgbuffett]

Bitcoin  fans really need to promote it harder so that more will buy and support the price otherwise it will keep falling...

[cwc29]

Waiting those gong kia sell wife sell house sell stocks to cover theirs kacheng … me full force my under pillows $$$ all out waiting to shorting big …. Huaaaaat aghhhh!!! 

[wulala]

heard many jump in to become miners and used up a lot of energy. is energy supply sustainable? Will policy maker stop the entire game?

[SgWinner]

Look like bitcoin have found a bottom ard 39k/40k for the time being

[sgbuffett]

I really would just dump and get out.

There nothing to solidly  support any bottom for this.

Quite jialat

[sgbuffett]

Now down to 37k...because many borrow to gamble on this selling will trigger more selling

It's something people gamble on

Some.might jump back in at 30k like all bubbles they don't deflate smoothly as one way street

By now.many have been burnt by recent selloff so the player pool will shrink and it cannot go back to old highs

Eventually it will go down to 10k...then struggle in a downward decay to don't know where.

They invent other gambles NFT, or whatever. The gamblers will move on

[sgbuffett]

All falling ..
They can invent all sorts of.coins and schemes overnight

It's all virtual.just like your imagination.

[pervertosan]

i just entered into june btc futures…pray for me.

[sgbuffett]

Right now plunge to $33K.

It is heading for 30k
After that, it will just decay maybe at slower rate.

[sgbuffett]

Now death cross....selling pressures mount.

Bitcoin after  death cross formed months ago..you should get out before it falls further

[revealer]

This guy lost USD 600K in days.. 

https://forums.hardwarezone.com.sg/threa...y.6747368/

[sgbuffett]

It has fallen 50% since I posted this warning.
It can fall by another 5% 60% 70%.

Why? 90: of bitcoin is purchased using borrowed money once they lose top much they will be forced sold by margin call like in financial crisis. The bottom will be very very low.

Plse be warned. There is still time to sell and recoup some money before too late.

[Cmpunk]

How about the guru Kevin still holding ?

[sgbuffett]

How about the guru Kevin still holding ?

He has his own view. I don't agree with him on most.
Definitely not bitcoin. I feel it is mostly fraud...the crypto space.

If I have any now I would sell all

[Zannn]

It has fallen 50% since I posted this warning.
It can fall by another 5% 60% 70%.

Why? 90: of bitcoin is purchased using borrowed money once they lose top much they will be forced sold by margin call like in financial crisis. The bottom will be very very low.

Plse be warned. There is still time to sell and recoup some money before too late.

Crypto is yr most bearish and confident of all asset class, why don’t u just short it.

[singlon]

Beri hot now ever since attacks against Putin kena blowbacks
IMF changes tactics now tok new payment system