Quote from: CryptoNeger on January 03, 2018, 09:29:21 PM

Quote from: Diecaut on January 03, 2018, 09:24:21 PM

Quote from: lablab03 on January 03, 2018, 06:36:08 AM

Kindly share your thoughts guys. Is this the right time to buy And hold or not? Causes i have doubts maybe this is another bull trap Again . I need Some suggestions about this rising moment Of bitcoin Guys.

how long you plan for holding. price now is good for short term holding or trading.
bitcoin will growing next 6 months so that start buying today

Disagreed, I personally think that Bitcoin's price will drop in the coming month. Just like every other time the price skyrocketed, it went down to support level and after that it went skyrocketing again.

How can you be so sure that the price of bitcoin would drop? Aside for the high fees and slow confirmation, what do you think of others factors that will sway away investors in pouring their cash to the ecosystem?

We are still in the support levels isn't it? In my view, this should be the correct price of bitcoin around $13k-$15k. What we have seen in December is lots of irrational buyers who are buying at top price of $18k-$19k because of all the bitcoin future contracts offering from financial institutions.

However, since the market corrected itself and somewhat the price "stabilizes", I do think of only one attribute that can really push the price of bitcoin, Lightning Network. Let's see how it goes, no timeline from dev yet but I have read that the test is successful.