“can’t go below zero” ? - Why not ? - it’s being quoted in USD - so what is to stop it going below parity ?r
NOT THAT i would wish that on any of our “HODL’ers”
But hey _ i NEED A COFFEE
[Edit - Having seen @Clint s post I agree that my post here is poorly phrased ! Already it has gone below the current cost of production. Perhaps I would consider it to have “Gone below zero” if the cost of the electronics and electricity just to maintain it, went above it’s notional dollar value ?
As Clint says, even if it went to $0.01, it would still be positive ! - well yes, in a way it would, but if it would cost you perhaps $0.03 to switch your computer on and actually transfer it to someone else, would that now be a value “Below zero” - ie negative, or would we still hold to the fact that it did have a potential worth of $0.01 (plus a possibility - however remote - that it’s “value” may increase at some point ) hold us to the definition that if you could get anything for it at all ?
Sorry - as I said “Badly phrased” - And depending which of these ways one defines “Value” possibly wrong ? - The reference to “parity” and equating it to zero ? - Just plain Wrong ]
I think with bottom fishing, one puts a worm on the hook and sits at the side of the river waiting for a big fish to come along, eat the worm and you can take him home for the kids to have for their tea
Bottom fishing here could mean you put your bank account on the hook as bait, the big fish comes along, eats the bait and takes the food OUT of your kids’ mouths !
We are watching what some of us believe to be the death throws of a historical bubble and really don’t need or want this out of date blather - Thank you
Short Term Elliott Wave view suggests that the selloff in Bitcoin is not yet over. Rally to $4409.77 ended Intermediate wave (X). Down from there, the decline is unfolding as a double three Elliott Wave structure where Minor wave W ended at $3210. Internal of Minor wave X unfolded also as a double three Elliott Wave structure, but of a lesser Minute degree. Minute wave ((w)) of W ended at $3861 as a zigzag Elliott Wave structure. Minute wave ((x)) of W ended at $4265, and Minute wave ((y)) of W ended at $3210 also as a zigzag Elliott Wave structure.
Minor wave X bounce is currently in progress to correct cycle from Nov 29 high in 3, 7, or 11 swing before the decline resumes. Minor wave (X) bounce is unfolding as a double three Elliott Wave structure. Minute wave ((w)) of X ended at $3633.2, Minute wave ((x)) of X ended at $3292.2, and Minute wave ((y)) of X is looking for $3715.4 - $3976.94 before the decline resumes. We expect sellers to appear from this area for further downside or at least 3 waves pullback as far as pivot at Nov 29 high ($4409.77) remains intact.
I have decided to quit Bitcoin trading as I have lost much. I will only keep two coins for unknown time period as I still hope that these two coins will cover up my losses. Apart from it, I wanna say good bye to the Bitcoin market. Stay blessed folks!
]
