One of the things that I learned is that the markets go in cycles and patterns repeat.
Bitfinex just printed 150mln Tether in the last couple of days and within hours Bittrex opened USDT pairs for XVG, ADA and NXT. Cheap coins that are gonna be pumped to the limits with the new fake money. Meanwhile Bitcoin will be allowed to rest and consolidate. I think we're gonna see a low in the $4000-5500 range within 30-45 days.
Let me explain you more with some pictures.
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Here's NASDAQ in the 2000s
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Here's a log chart of Bitcoin that I posted earlier.
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Here's NASDAQ today - notice the dot com bubble and the housing bubble in 2008 and where we are today...
Tether isnt fake money its the best way around a banking problem that allows everyone including yourself to trade, to call it fake says that you dont understand the bigger picture and makes me think you haver been stung. if you have a better solution then i suggest you implement it, i seriously doubt you have either the solution or the power to put it into action. In terms of cycles if it was as simple as that then everyone who ever traded would already be a multi millionaire
AdrianZen
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@Nom_de_Guerre, I haven't been stung, why? Just look at this.
Everything is being coordinated from backstage big time. I'm not complaining - in fact, I'm happy to participate and it's a rare opportunity that happens maybe once or twice in a lifetime but the fact that the crypto trading is unregulated has let shady activities to flourish.
Nom_de_Guerre
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@AdrianZieniewicz, Shady activities compared to what? The US Government is the shadiest activity in the world, the fakest money in the world is the US Dollar, you have a lot to learn
@AdrianZieniewicz, Haha relax, i'm an anarchist and i dont pull my punches, establishment views have no place in crypto
AdrianZen
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@Nom_de_Guerre, I'm not a big fan of the government either but I'm just aware that freedom is something that can be bought in this world (that's why people talk about financial freedom thanks to cryptos) and we're a part of the machine whether we like it or not. I'm only worried that the machine is going to grind things to dust sooner or later but until then I'm going to stay focused and "acquire as much freedom" as possible so that I can live quietly on a beach under coconut trees, spear hunt and maybe farm some land ;].
Nom_de_Guerre
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@AdrianZieniewicz, Sounds like an excellent plan *) You rattled my cage when you fudded tether, without USDT none of us can make any money or freeze our profits without cashing out to Us Dollar, that is the true fake money - the constant running shadow administration behind the puppet presidents prints that crap to fund their criminal enterprises, they dress up global robbery and mass murder and call it War, the USA has the biggest percentage prison population of any country in the world, they create the situations in the cities that causes people to commit crimes, they supply the guns and the drugs and deny the jobs, and then guess what - they use the prisoners as slave labour - its a hoax, a scam - the American Dream is exactly that - one nation under sedation, hypnotized and scared into believing that the murdering of millions of arab men, women and children is somehow necessary to keep the west safe pffft
the correction could be as short as 6-8 months like in 2013 april-september then higher to 100k by the end of 2018 or early 2019
elshanti
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@elshanti, considering we have topped wave 3 at 20k after a long bear market (wave 2 ) we are now possibly in wave 4 correction which would be followed by wave 5 topping around 100k