Quote from: mriansa on November 09, 2017, 06:02:14 AM

Quote from: facenew111 on November 09, 2017, 04:31:00 AM

Will bitcoin drop hard? I am waiting to buy it.

I am thinking sell now 7280$ and buy back at 6700- 6900$. How do think about this strategy?

many peoples believe it will drop hard to 6500$-7000$

I think it is impossible because bitcoin because the bitcoin demand is too high and bitcoin availability is very limited, it makes the bitcoin price go back up and more expensive.

Impossible and bitcoin shouldn't be put in same sentence. Price fluctuate in a ways that we can't understand always, we can try to sell when price is high and to buy again when price drop, that is shorting. That strategy is not new, many people trying to the same, I experimented few times and rstenof success was 50/50. I sold some of my bitcoins on 6200 dollars and price went up, I expected drop. In long term price will definitely grow, in short term anything can happen with price, bitcoin fluctuations are now more widely then before, price rise and fall hundred of dollars in just hours. Risking can be profitable that is something everybody knows, be aware of that before you start anything.