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BTC - Just like that, a week of gains gone in a matter of hours by jrcornel

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· @jrcornel · (edited)
$52.24
BTC - Just like that, a week of gains gone in a matter of hours
https://s33.postimg.cc/wk66z61qn/yy4rj35taxacxgmkzp04.jpg

# Prices tend to take the stairs up and the elevator on the way down.

Crypto investors just got a nice reminder of that today.

Bitcoin is currently barely clinging to $6,900 after trading around $7,300-$7,400 for much of the past few days.

In fact, bitcoin hadn't seen $6,900 since August 30th.

Almost a week of gains wiped out in a matter of hours.

https://s33.postimg.cc/gxexlhb0f/bitcoin-price-_BTC-chart-5-sept.png

(Source: https://coingape.com/bitcoin-price-analysis-btc-usd-nosedives-below-key-support/)

# What was the culprit?

Unlike times in the past when it wasn't entirely clear what sparked the round of selling, it was pretty clear what caused the drop today.

Goldman Sachs put out a note saying they were shelving their plans to launch a crypto trading desk any time soon due to regulatory uncertainty.

More about it can be found here:

https://www.cnbc.com/2018/09/05/bitcoin-falls-after-goldman-reportedly-drops-crypto-trading-plans.html

As you might have guessed, the market didn't take that news positively.

Bitcoin and the rest of the crypto space began immediately selling off, with altcoins bearing the brunt of the pain.

https://s33.postimg.cc/sb1gwniy7/Screenshot_32.png

(Source: https://coinmarketcap.com/)

As I type, just about every altcoin in the top 50 is down anywhere from 10%-20%.

Ouch!

Bitcoin is down roughly 6%.

# Not as bad as it sounds?

Clearly the market is back in shoot first ask questions later mode as the announcement from Goldman wasn't nearly as bad as I just made it sound.

They said they were shelving plans to launch a crypto trading desk for now, due to regulatory uncertainty.

Did you catch that "for now" part?

That means that when there is more clarity they will likely come right back to it.

The other thing is that Goldman said instead of launching a crypto trading desk, it was going to focus on building out custody and storage solutions for institutional investors.

Something that could be argued might even be slightly more bullish then a crypto trading desk would have been.

It opens yet another door for institutional money to enter the space.

Yet markets are down YUGE across the board.

Does that make sense?

Not really, but many things in crypto don't make much sense.

# However, there was one interesting observation on my part...

I pointed out a few days ago how short sellers were continuing to pile into bitcoin even though it was going up. Something we haven't seen much of lately.

https://steemit.com/bitcoin/@jrcornel/bitcoin-margin-short-positions-are-piling-up

In the past, short positions had tended to pile up near bottoms.

I'm not pointing any fingers here but if I had to guess I would guess those short sellers knew this Goldman news was coming out and they were either traders at Goldman taking up those positions, or friends of Goldman looking to lock in a guaranteed 5%-10% profit when the news broke.

Things that make you go hmm...

If the SEC wants to investigate bitcoin price manipulation, that might be a good place to start.

Stay informed my friends.

Image Source:

https://www.express.co.uk/finance/city/1013339/bitcoin-price-latest-update-crash-ethereum-litecoin-xrp-bitcoin-cash

Follow me: @jrcornel
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vote your-acct "jrcornel" "btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours" 100 true
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@hotsauceislethal ·
$0.09
It is definitely possible that someone with a lot of money to gain put in some shorts right before the news broke. It is a little ridiculous how immature the markets still are nearly a decade after BTC was created. Luckily the adoption is speeding up as technology advances :)

I took the opportunity today to scoop up 1 ETH for just over $250 with fees and over 110 STEEM at around $0.87 each. Slow and steady accumulation just in case we continue to fall.
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@jrcornel ·
$2.88
Probably some pretty good buys right there. The fact that margin shorts were continuing to climb the last few days could be telling, or it could be not related at all and they just got lucky. Either way, there is a little smoke, and where there is smoke...
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@infidel1258 ·
$0.15
That's the way to do it. If you believe in crypto you shouldn't be scared off by 10% dips. 

I bought 4 LTC and 0.08 BTC today, and Ive got some buy orders for steem that I just missed.
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@jrcornel ·
$0.07
Did they end up hitting? I saw steem sitting at $.80 last night.
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@retiredinsamar ·
Same here... loaded up on some Steem!
πŸ‘  
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@realitycheck · (edited)
Not sure why Goldman announcement should create a sell off,  Bitcoin went from a few bucks into the thousands without Wall Street.
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@jrcornel ·
$2.83
Not to mention that bitcoin didn't really go up much when Goldman first announced they would be launching a crypto trading desk...
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@realitycheck ·
Wall Street may be the problem, not the solution.
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@tecnosgirl · (edited)
I look at what it was this time last year and I don't see a problem. But I also didn't put any new money in after $3k. I took some of the profits in December and just have been holding to see what it does. But unless it looks like it is gonna crash to pre 2017 summer levels I am feeling good about my positions.
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@jrcornel ·
$2.77
Yea, last year at this time, bitcoin was trading for around $4,500. It is still up year over year, but not by much and that wont' be able to be said for much longer. The bear market is almost 9 months in length at this point.
πŸ‘  , , , ,
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vote your-acct "jrcornel" "re-tecnosgirl-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204030004z" 100 true
post_comment your-acct "re-jrcornel-re-tecnosgirl-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809339z" "jrcornel" "re-tecnosgirl-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204030004z" "" "your reply.." "{}" true

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@newageinv ·
I actually prefer a world without Goldman Sachs trading along side myself and other small investors.  They will always trade in their best interest without considering the implications to individuals and/or markets.
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vote your-acct "newageinv" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204636168z" 100 true
post_comment your-acct "re-newageinv-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809340z" "newageinv" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204636168z" "" "your reply.." "{}" true

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@jrcornel ·
$0.06
There may be some truth to that, though I would imagine they (or their traders) are involved in the crypto markets on some level, perhaps just not publicly and not officially.
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vote your-acct "jrcornel" "re-newageinv-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205700013z" 100 true
post_comment your-acct "re-jrcornel-re-newageinv-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809341z" "jrcornel" "re-newageinv-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205700013z" "" "your reply.." "{}" true

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@arainetjay ·
Thanks for the info man! Yall check my art if you have the chance. @arainetjay on IG
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vote your-acct "arainetjay" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204858371z" 100 true
post_comment your-acct "re-arainetjay-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809343z" "arainetjay" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t204858371z" "" "your reply.." "{}" true

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@mawit07 ·
$0.10
It's unfortunate that there is so much manipulation and scams going on in crypto that is slowing down adoptation. Hopefully this will end soon. Thanks.
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vote your-acct "mawit07" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205010333z" 100 true
post_comment your-acct "re-mawit07-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809344z" "mawit07" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205010333z" "" "your reply.." "{}" true

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@jrcornel ·
$1.38
As long as there is money to be made I doubt they end any time soon. The US stock market is still ripe with fraud and manipulation no matter how long it has been around and how many rules and regulations they have.
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vote your-acct "jrcornel" "re-mawit07-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205753530z" 100 true
post_comment your-acct "re-jrcornel-re-mawit07-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809345z" "jrcornel" "re-mawit07-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t205753530z" "" "your reply.." "{}" true

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@stackin ·
$0.04
I checked my Blockfolio account this morning and was like 😳... it’s all good though, I’m in crypto for the long haul πŸ˜€

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
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vote your-acct "stackin" "stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210103486z" 100 true
post_comment your-acct "re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809346z" "stackin" "stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210103486z" "" "your reply.." "{}" true

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@retiredinsamar ·
Just buy more! You can't afford NOT to!
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vote your-acct "retiredinsamar" "re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210740602z" 100 true
post_comment your-acct "re-retiredinsamar-re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809347z" "retiredinsamar" "re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210740602z" "" "your reply.." "{}" true

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@jrcornel ·
$2.98
If you are in for the longer term the price drops on bitcoin don't matter much. However, some of these other coins may not be around for the long term so gotta be careful just buying and holding those.
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vote your-acct "jrcornel" "re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205843361z" 100 true
post_comment your-acct "re-jrcornel-re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809349z" "jrcornel" "re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205843361z" "" "your reply.." "{}" true

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@stackin ·
That’s the truth, 95% of alts will not be around in a few years πŸ˜€
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vote your-acct "stackin" "re-jrcornel-re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t214247673z" 100 true
post_comment your-acct "re-stackin-re-jrcornel-re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809350z" "stackin" "re-jrcornel-re-stackin-stackin-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t214247673z" "" "your reply.." "{}" true

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@steemlet · (edited)
$0.26
I really dislike Goldman Sachs. These guys are huge market manipulators in the regular stock market and now they are manipulating crypto as well. 

I don't understand why people fall for their nonsense. Whenever any stock is doing well, they nay say it one one or another, then it takes a big dump, after which I imagine they buy a huge stake in it. Then of course it recovers. 

I really wish something could be done about these people.
πŸ‘  ,
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vote your-acct "steemlet" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210522090z" 100 true
post_comment your-acct "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809351z" "steemlet" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210522090z" "" "your reply.." "{}" true

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@nuthman ·
That is pretty much how I feel about it. I'm glad to finally hear someone else say it.
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vote your-acct "nuthman" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001407485z" 100 true
post_comment your-acct "re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809352z" "nuthman" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001407485z" "" "your reply.." "{}" true

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@steemlet · (edited)
Thanks @nuthman. I certainly don't want to be negative about anyone, but Goldman Sachs in my opinion is the 2nd most despicable entity in the financial world, dwarfed only by Andrew Left from Citron, who teeters very close to criminal activity in my opinion.
πŸ‘  
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vote details (1)

vote your-acct "steemlet" "re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t002419212z" 100 true
post_comment your-acct "re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809354z" "steemlet" "re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t002419212z" "" "your reply.." "{}" true

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@nuthman ·
Yeah, the whole Left thing is tricky. He calls himself an _Activist Short Seller_. So there's nothing really illegal about that, but it gets a bit weird when someone has that much influence, puts in a short sell order and then blogs his investigation results on that company causing the stock price to crash. 

So there's nothing technically illegal about it, even though he profits from losses that he artificially created in the same way that GS does.
πŸ‘  
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vote details (1)

vote your-acct "nuthman" "re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t002946703z" 100 true
post_comment your-acct "re-nuthman-re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809355z" "nuthman" "re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t002946703z" "" "your reply.." "{}" true

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@frot ·
## globman sucks are sub-human zionist scum...

![](https://cdn.steemitimages.com/DQmbnqEvbshx6qCPG5SjvSGRg9jMKxwWyhSXYbXwvVbeNrZ/image.png)
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vote your-acct "frot" "re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t112104920z" 100 true
post_comment your-acct "re-frot-re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809356z" "frot" "re-steemlet-re-nuthman-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t112104920z" "" "your reply.." "{}" true

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@mexbit ·
Crypto traders should not be so foolish... But nothing can be done about that..
πŸ‘  
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vote details (1)

vote your-acct "mexbit" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t181318326z" 100 true
post_comment your-acct "re-mexbit-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809357z" "mexbit" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t181318326z" "" "your reply.." "{}" true

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@jrcornel ·
$3.05
I share your same views. By the SEC not allowing ETFs which would bring in many more retail investors as well as other funds that are mostly long only funds they are leaving bitcoin to be traded by the sharks of wall street. The ones with the technical know how to trade it and to short it. The SEC thinks they are protecting investors but they really aren't at all currently.
πŸ‘  , , ,
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vote details (4)

vote your-acct "jrcornel" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205722756z" 100 true
post_comment your-acct "re-jrcornel-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809358z" "jrcornel" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205722756z" "" "your reply.." "{}" true

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@technickal ·
I don't believe this was Goldman Sachs, it seems more likely it was a 3rd party that knew the news was coming and took took advantage to manipulate the price.  The news by itself should not have caused this size of price movement.
πŸ‘  
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vote details (1)

vote your-acct "technickal" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t132202352z" 100 true
post_comment your-acct "re-technickal-re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809359z" "technickal" "re-steemlet-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t132202352z" "" "your reply.." "{}" true

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@retiredinsamar ·
$0.03
Just loaded up on Steem at bargain prices - See ya at the top!
πŸ‘  , ,
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vote details (3)

vote your-acct "retiredinsamar" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210643357z" 100 true
post_comment your-acct "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809361z" "retiredinsamar" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t210643357z" "" "your reply.." "{}" true

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@thatkidsblack ·
$0.03
Cheers.
πŸ‘  ,
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vote your-acct "thatkidsblack" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t215652278z" 100 true
post_comment your-acct "re-thatkidsblack-re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809362z" "thatkidsblack" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t215652278z" "" "your reply.." "{}" true

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@steemlet ·
Great idea! If I could afford it, I'd buy a truckload.
πŸ‘  
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vote details (1)

vote your-acct "steemlet" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t003334168z" 100 true
post_comment your-acct "re-steemlet-re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809363z" "steemlet" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t003334168z" "" "your reply.." "{}" true

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@jrcornel ·
$2.94
Good time to increase your stake on steemit.com that is for sure. Much cheaper than it has been in over a year and a half.
πŸ‘  , , , ,
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vote your-acct "jrcornel" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205921829z" 100 true
post_comment your-acct "re-jrcornel-re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809364z" "jrcornel" "re-retiredinsamar-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205921829z" "" "your reply.." "{}" true

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@dotfee ·
@jrcornel very well explanation what is the cause behind it, that's why i'm very much interested to your post, thanks for shearing your knowledge. keep up great work , good bless you.
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vote your-acct "dotfee" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t212459996z" 100 true
post_comment your-acct "re-dotfee-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809365z" "dotfee" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t212459996z" "" "your reply.." "{}" true

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@edgrand ·
The STEEM down too :c
PD: You know a lot of cryptos :$ Saludos.
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vote your-acct "edgrand" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t213036418z" 100 true
post_comment your-acct "re-edgrand-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809367z" "edgrand" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t213036418z" "" "your reply.." "{}" true

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@jumps ·
$0.07
just like ordinary day in crypto, manipulation and bad news
πŸ‘  ,
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vote details (2)

vote your-acct "jumps" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t215234032z" 100 true
post_comment your-acct "re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809368z" "jumps" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t215234032z" "" "your reply.." "{}" true

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@jrcornel ·
$0.13
It has been the norm for 9 months now.
πŸ‘  , , , ,
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vote details (5)

vote your-acct "jrcornel" "re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205752119z" 100 true
post_comment your-acct "re-jrcornel-re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809369z" "jrcornel" "re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t205752119z" "" "your reply.." "{}" true

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@nuthman ·
I'm sure it will continue as well; we just have to ride the wave if we want to reap the benefits!
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vote your-acct "nuthman" "re-jrcornel-re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t213436740z" 100 true
post_comment your-acct "re-nuthman-re-jrcornel-re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809370z" "nuthman" "re-jrcornel-re-jumps-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t213436740z" "" "your reply.." "{}" true

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@thatkidsblack ·
I was surprised to see all the blood in the streets when I checked CMC, but to me, the Goldman news is unimpressive at most. I'm kind of stunned that the reaction was this severe, but I never get tired of buying cheap coins.
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vote your-acct "thatkidsblack" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t220615877z" 100 true
post_comment your-acct "re-thatkidsblack-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809371z" "thatkidsblack" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t220615877z" "" "your reply.." "{}" true

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@jrcornel · (edited)
$2.87
Agreed. Which likely is because the news was just an excuse for short sellers to pounce on it and drive prices down and take out stop losses.
πŸ‘  , , ,
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vote details (4)

vote your-acct "jrcornel" "re-thatkidsblack-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210041044z" 100 true
post_comment your-acct "re-jrcornel-re-thatkidsblack-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809373z" "jrcornel" "re-thatkidsblack-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210041044z" "" "your reply.." "{}" true

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@mtl1979 ·
Bitcoin staying low is actually good thing as that means altcoin community can still pump their coins with as small amount of FIAT as possible as a lot of altcoins are still close to 1 sat exchange rate... Only way they can pump their altcoins up is to use single large buy order followed by smaller buy orders gradually at higher exchange rates. We might see altcoins recover closer to Christmas as some countries pay tax returns in early December.
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vote your-acct "mtl1979" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t221532986z" 100 true
post_comment your-acct "re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809374z" "mtl1979" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t221532986z" "" "your reply.." "{}" true

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@jrcornel ·
$0.07
Interesting thoughts regarding the altcoins. I imagine that would only affect the smallest of the small altcoins though? I only have about the top 50 altcoins on my watch list. Steem is doing it's best to slide down towards the end of that list.
πŸ‘  , , ,
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vote details (4)

vote your-acct "jrcornel" "re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210456548z" 100 true
post_comment your-acct "re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809375z" "jrcornel" "re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210456548z" "" "your reply.." "{}" true

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@mtl1979 · (edited)
My personal opinion is that all the new altcoins that launched this year will push the older coins up when it's time to cash the profits. The market is with the coins that learn from mistakes made by other coins and don't try to keep up with the latest "improvements" because those changes are where all the serious bugs have been introduced. Delaying adoption of new features and changes by for example six months gives time for coin developer to add any fixes found in the mean time to avoid negative publicity. It also tests skills of the developers if they can find any bugs or regressions that have not yet been discovered but should also be fixed.
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vote your-acct "mtl1979" "re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t074504672z" 100 true
post_comment your-acct "re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809376z" "mtl1979" "re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t074504672z" "" "your reply.." "{}" true

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@jrcornel ·
$0.07
Very true. How do you see steem faring over the next couple years?
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vote details (4)

vote your-acct "jrcornel" "re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t155821028z" 100 true
post_comment your-acct "re-jrcornel-re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809380z" "jrcornel" "re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t155821028z" "" "your reply.." "{}" true

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@mtl1979 ·
Steem is like rollercoaster... Its value has high ups and downs. SteemIt needs to improve to keep newer writers interested. It seems like small number of editors get most of the income which is a bad sign in cryptoworld.
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vote your-acct "mtl1979" "re-jrcornel-re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t173109769z" 100 true
post_comment your-acct "re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809382z" "mtl1979" "re-jrcornel-re-mtl1979-re-jrcornel-re-mtl1979-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t173109769z" "" "your reply.." "{}" true

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@geke ·
Wish I'd seen your shorting post 3 days ago. Lesson learned: make a point to check jcornel's blog.
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vote your-acct "geke" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t224815087z" 100 true
post_comment your-acct "re-geke-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809383z" "geke" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180905t224815087z" "" "your reply.." "{}" true

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@rhyscn ·
"Just like that" said Mike Goldman.
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vote your-acct "rhyscn" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001513726z" 100 true
post_comment your-acct "re-rhyscn-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809384z" "rhyscn" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001513726z" "" "your reply.." "{}" true

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@jrcornel ·
$2.82
Lol... yep. "See, that's how it's done boys" - Goldman hiring class on market manipulation
πŸ‘  , , ,
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vote details (4)

vote your-acct "jrcornel" "re-rhyscn-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210151564z" 100 true
post_comment your-acct "re-jrcornel-re-rhyscn-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809385z" "jrcornel" "re-rhyscn-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210151564z" "" "your reply.." "{}" true

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@nuthman ·
Yep, great time to buy up some cheap Steem. Ignore the noise from Goldman and the all the others trolls looking to benefit from short term losses.
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vote your-acct "nuthman" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001651329z" 100 true
post_comment your-acct "re-nuthman-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809386z" "nuthman" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t001651329z" "" "your reply.." "{}" true

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@jrcornel ·
$0.10
It is a good time to increase one's stake on the platform if they are interested for sure.
πŸ‘  , , ,
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vote your-acct "jrcornel" "re-nuthman-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210219181z" 100 true
post_comment your-acct "re-jrcornel-re-nuthman-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809388z" "jrcornel" "re-nuthman-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210219181z" "" "your reply.." "{}" true

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@futurethinker ·
Great updates as always. Yeah, BTC was building up quite nicely, as I said in another post I wouldn't be surprised if the market went 50% lower from here. 

I hope the Steem won' t drop too much though.
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vote your-acct "futurethinker" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t015304444z" 100 true
post_comment your-acct "re-futurethinker-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809390z" "futurethinker" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t015304444z" "" "your reply.." "{}" true

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@jrcornel ·
$2.75
I mean this drop by bitcoin is pretty bearish. I would not be surprised to see those lows around $6k break in the next few days/weeks..
πŸ‘  , , ,
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vote your-acct "jrcornel" "re-futurethinker-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210259910z" 100 true
post_comment your-acct "re-jrcornel-re-futurethinker-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809391z" "jrcornel" "re-futurethinker-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210259910z" "" "your reply.." "{}" true

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@feelsomoon ·
I'm considering buying some btc. I'm still working on an emergency fund but the dip is giving me an itch to buy.
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vote your-acct "feelsomoon" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t022529502z" 100 true
post_comment your-acct "re-feelsomoon-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809392z" "feelsomoon" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t022529502z" "" "your reply.." "{}" true

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@jrcornel ·
$0.07
I bought a few around here, but none recently.
πŸ‘  , ,
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vote your-acct "jrcornel" "re-feelsomoon-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210324942z" 100 true
post_comment your-acct "re-jrcornel-re-feelsomoon-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809394z" "jrcornel" "re-feelsomoon-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t210324942z" "" "your reply.." "{}" true

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@samvan ·
Wow, good to know, thanks. I think your observation is correct!
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vote your-acct "samvan" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t073241998z" 100 true
post_comment your-acct "re-samvan-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809395z" "samvan" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t073241998z" "" "your reply.." "{}" true

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@frot ·
that feeling when you hit the botton and then the floor drops out of the elevator

bloody glodman sucks zionists...

![](https://cdn.steemitimages.com/DQmZMUVYDkVNRttPDPC5UGMaJcknQMd7apa85A7YaS4Ln6d/image.png)
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vote your-acct "frot" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t111927262z" 100 true
post_comment your-acct "re-frot-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809397z" "frot" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t111927262z" "" "your reply.." "{}" true

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@blazing ·
Well it simply breaking the trust of common people and those investors with not big amount will simply go away :(
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vote your-acct "blazing" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t130627650z" 100 true
post_comment your-acct "re-blazing-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809398z" "blazing" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180906t130627650z" "" "your reply.." "{}" true

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@corndog54 ·
πŸ˜©πŸ’°πŸ˜©πŸ’°πŸ˜©
πŸ‘  
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vote your-acct "corndog54" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t001846491z" 100 true
post_comment your-acct "re-corndog54-re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180925t224809399z" "corndog54" "re-jrcornel-btc-just-like-that-a-week-of-gains-gone-in-a-matter-of-hours-20180907t001846491z" "" "your reply.." "{}" true


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