Post
Topic
Board Speculation
Re: Now That Bitcoin Is Under $1000 Again..
by
Alesis
on 19/03/2017, 20:03:03 UTC
Today the price of bitcoin has crossed $1000 level again and it will keep on moving up and down in coming days too and I don't think there is any thing to worry at all as this fluctuations will always be a part of bitcoin journey and it will recover the price pretty soon.

It's nice of course that the price has gone over $1000 level, but we're still sitting in the same situation. I don't add much value to the price that has gone over $1000 again, because there is no support, and panic still isn't over. It takes a low number of coins to get the price to dive under $1000 again, and thus -- we're not save yet. Currently it's party time for day traders.
While the panic is still going on, I think that Bitcoin has reached its short-term support level at around $1000 until the hard fork is imminent (as in within an expected week or so).  I think that most ordinary users are comfortable holding their Bitcoin.