JayJuanGee
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How much alt coin diversification is needed? 0%?


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July 17, 2018, 02:19:44 AM

(quotes sprinkled with snippity snips)

yes i think it will fly to the moon but not with this rise, there are some sign of a giant rise and we are far from it now, so what will happen next month is an intermediate loop becoming from mini loops, it may rise to 8-9k then fall to where it starts.

if it moves steep it is suspicious for me. again alot of people hunting news for an acceptable reason to that rise but it will end just like in july and this time intermediate trend may end in below the last bottom. But for a short time you can enjoy with rise.

I fundamentally agree with this view.

I'm not sure we are due under 5k, but a steep, grim fall is ahead. We really need some capitulation to call it a night - at least in the form of vanishing volatility.

I agree with an assessment that consolidation tends to be accompanied by decreasing volatility, but in the end, we cannot ever really know how long the consolidation period is going to last and at what point the price is going to be pushed out of the consolidation range - so in that sense nothing is inevitable in bitcoin

Indeeed. Eventually, everyone here will be sure we're moving into the last big correction. When that happens, the badger might find it appropriate to go off skyrocketing without giving a single fuck.

Are you assuming that we need "one last BIG correction"?  I am suggesting that there are lots of scenarios, including a scenario in which no additional BIG corrections take place from the downside from here... and so what if there is a 20% correction after we reach $10k,  that is not the same as having any kind of assumption that we need to have a down before we can have an up..