Attaboy - we can only hope this will happen, because that would mean we could finally say "that's it, the correction is OVER" and climb again, having a wonderful buy opportunity - with the hodlers no worse off.
disagree, after the crash and all the months of sideways action, most people are already avoiding or no longer excited about crypto, and a crash back to 5500 will scare away new investors and most current investors will not have the money or the balls to buy much more near the lows. The reason crypto did so well in the past is because it kept going up and got more and more hype & investors to hop on the train...the train has now stalled out bigtime and another big setback will derail it.
I agree. Speculation-wise, I don't think two months is long enough for newcomers in December to rebuild their trust on cyptocurrencies. We might shoot past 12k but here may be no large buying volume there and we may go back to sub 10k again. However, I expect more of a sideways action rather than another crash. We may need a very strong positive news before we can break that all time high.
the market being full of idiots keeps it from decisive action. we need to shake them out or we'll go sideways forever, because it's of course the flotsam who are ruining the system. the folks who always buy green and panic at the sight of red should go get a video game, or convert to islam. all the gas now !
trust ??? at this pace, we may pass 20k in september.
bitcoin just bounced the second time, at the lesser of two downtrend lines
haha. You have a point. The reason why Bitcoin price dropped to 6k is that the weak hands are ready to sell their Bitcoin at 6k. If we all think that BTC will never ever drop to zero and this is the future of finance, then we shall say hello to 1 BTC = $1 M soon
Attaboy - we can only hope this will happen, because that would mean we could finally say "that's it, the correction is OVER" and climb again, having a wonderful buy opportunity - with the hodlers no worse off.
disagree, after the crash and all the months of sideways action, most people are already avoiding or no longer excited about crypto, and a crash back to 5500 will scare away new investors and most current investors will not have the money or the balls to buy much more near the lows. The reason crypto did so well in the past is because it kept going up and got more and more hype & investors to hop on the train...the train has now stalled out bigtime and another big setback will derail it.
I agree. Speculation-wise, I don't think two months is long enough for newcomers in December to rebuild their trust on cyptocurrencies. We might shoot past 12k but here may be no large buying volume there and we may go back to sub 10k again. However, I expect more of a sideways action rather than another crash. We may need a very strong positive news before we can break that all time high.
the market being full of idiots keeps it from decisive action. we need to shake them out or we'll go sideways forever, because it's of course the flotsam who are ruining the system. the folks who always buy green and panic at the sight of red should go get a video game, or convert to islam. all the gas now !
trust ??? at this pace, we may pass 20k in september.
bitcoin just bounced the second time, at the lesser of two downtrend lines
haha. You have a point. The reason why Bitcoin price dropped to 6k is that the weak hands are ready to sell their Bitcoin at 6k. If we all think that BTC will never ever drop to zero and this is the future of finance, then we shall say hello to 1 BTC = $1 M soon