Bitcoin charts 170721

in #bitcoin7 years ago

After a drop to about $1800, we have a very steep rise to about $2800. The blue line is aug 1st segwit2x. BTC170721.PNG

My strategy is pretty much to stay out of the bitcoin market until everything has calmed down and efter Aug 1st has passed. If you are going to buy something, buy some ICO you believe in.

My long-term guess is still that the july drop is the beginning of a longer term bearish market. Even if segwit2x is an astounding success, people get bored quickly and will soon take it for granted. Also, the media will not report on anything being an astounding success, but instead the slightest problem, no matter how small, will make headlines.

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