Re: Top 5 reasons why I predict a bitcoin bear market in Q4/2017
We have all witnessed the fall in price on September 14, part due to Jamie Dimon of JP Morgan and part due to rumors around China, the market was bleeding that day. Everybody knows that bitcoin is volatile, but I am sure that you didn't expect waking up that morning and seeing bitcoin down almost 1k$.
Read full article: https://steemit.com/bitcoin/@skydweller/top-reasons-why-i-predict-a-bitcoin-bear-market-in-q4-2017
Agree or Disagree?
Tell me in the comments
Read full article: https://steemit.com/bitcoin/@skydweller/top-reasons-why-i-predict-a-bitcoin-bear-market-in-q4-2017
Agree or Disagree?
Tell me in the comments
I would agree with you if you changed Q4 in 2017 to Q2 in 2018.
Personally i don't see any sort of bear market or major correction coming until around April or May next year. There are still a lot of people taking on long positions on bitcoin and certainly a lot more institutional investors than before.
But we are in a bubble, and it will pop eventually in the form of a bear market. As i said, it'll probably happen Q1 or Q2 next year.