Post
Topic
Board Speculation
Re: IS BITCOIN GOING BACK DOWN?
by
cafucafucafu
on 06/06/2017, 10:08:09 UTC
WHAT IS THE HONEST OPINION OF EVERYONE HERE?

WILL WE SEE A DIP BACK DOWN TO THE 1,500 RANGE OR NAAH??

SPEAK ON IT.

I do think that bitcoin is going to experience a temporary correction probably in the next week or so. Possibly down to $2000 again like last time it happened. However I don’t think that it’ll ever touch or even go near to $1500 because first of all, $2000 is sort of like a psychological barrier. Just like $1000. It’s a nice, round number and people expect the price to stay above that.

When people expect price to be a certain way that’s what usually happens - it does go this way. Because ultimately the market is made out of people and people make decisions - the decision influence the price.

I would hold for now, maybe sell a lil because i do think there is something special in this year 2017.