"Why or why not?"
Because it seems to be stabilizing – There is still significant downward pressure. 🐻
Blockchain is too erratic and shifts too much in the cryptocurrency market, it also drops quite often. – As with any nascent industry, volatility is to be expected. 😄
Hong-Kong buying frenzy – Lollll not gonna rule this one out 🤔
the only way to correctly answer this is . yes it will or no it won't. if the whales want to take more profit then yes it will. if they want to keep the market stable then it won't. they control everything . we r just pawns in the game hoping they will hold long term. to them its a cash cow to use as they see fit!!! – Just lil prawns tryna ride the wave haha. Perhaps that’s why taking a long term approach to investing works best. 👍
Obviously..it will but it wont stay for long before it breaks up with a lot of thrust... Back to ATH, Can you believe this three word "TO THE MOON" 😂 – Lmao it certainly has been awhile since I’ve seen that in the reddit forums. 😂
Because it has room to go lower! – Plenty, if we break the $8,000 support zone. 👀
Think it still has to more to go before it bottoms out ready for the repeat of Xmas 2017 🙂 – Hahah, the good times…
Because it is getting momentum to launch to the stars – When moon?
It loosing its lustre as an investment. – Isn’t that the time to start loading the bags? 😂
The long term bias has been negative . There will be reactionary upward momentum on a short term basis but the trend continues to be negative. Volume is relatively low so no impetus for sustained upward momentum. – I think that’s the medium term outlook. The long term outlook is positive to me. 😄
I believe a sustained fall for BTC below $8K is inevitable, having see it knocking on the door of the $7.8K Support 3 times I think. Here in Brazil a top analyst says $7.2K is a sure thing, and suggests $6.8 - even $6.2K is on the cards, but will not stick his neck out to confirm. – Yeah it’s been hovering at these levels for quite some time, and there doesn’t seem to be anything in the near horizon that can prop it back above it. My guess is that we are heading back down to the $3k - $7k. 😔
it may for a short while.. i see above 10K very soon. if one has fiat BTC below 8K is a good buy. also i see this is as a last chance to buy BTC cheap.. if coinmarketcap could list symbol satoshi (SATS) instead of BTC it would be great. already 1 BTC is way beyond the reach of many.. and also it will educate the new comers that they can buy in satoshis to make a whole Bitcoin. it will also be a great tribute to Satoshi Nakamoto. if possible do ask in a poll in your next newsletter on changing from BTC to Satoshi symbol for Bitcoin. i think its about time. – Well for each coin on our site, we display the price for 1 coin, just to keep things consistent.
From experience Bitcoin often moves in the opposite direction most people imagined. With the world economy tinkering on the edge people will start turning to hard assets with BTC being the hardest! – Haha that was the initial school of thought. However, recent data seems to suggest that there is a direct correlation between crypto and traditional markets. 😔
Think it gonna be stuck in this range for a while. hoping for a quick drop to fill the bag to brim and skyrocket. with the halving coming up, it difficult to call, even more so when considering that traditional markets a bit of a mess. – Yeah, and a correlation is starting to develop between crypto markets and traditional markets too.
Bears are in charge - Yeah 🐻