Post
Topic
Board Speculation
Re: Bitcoin will rise up or fall down?
by
Cormoran
on 10/09/2017, 13:33:09 UTC
What do you think? China banned BTC? And btc price goes to 4,069$ today Smiley
You think to sell or it can rise up again, some rumors said that btc will fall down to 2000$

Yes, I think it will absolutely rise or fall. As for which, that's tougher. Tongue I'm not selling my held BTC, but I'm also not buying more yet, personally. I think bitcoin has more potential and will recover from this in the long-term, but short-term the enthusiasm is gone and we're into a bearish/sideways market for a while. We already were a few weeks ago, in fact - there was a short-lived spike up to $5k a few days after the indicators started showing the first signs, but that didn't last long and now we're seeing the correction. Of course, as I said I'm not confident enough of this to sell my held BTC, just not buying any more to hold through the recovery since I think the bear market isn't even through yet. A lot of this probably depends on whether the news of China's crypto exchange ban is real or not; as with any news they don't like, many people think it's fake news and is just a conspiracy to crash the prices so that Chinese bitcoin farms and government-subsidized businesses could sell before the news and buy after the crash. Who knows, maybe this time it actually is fake news, though most of the calls of that I've been hearing lately are coming more from politicians trying desperately to cover their asses by explaining to their idiot followers that everyone else is just lying because they're secretly out to get them.