Post
Topic
Board Speculation
Re: When will the market pick up again??
by
1Referee
on 23/01/2018, 12:46:42 UTC
I do not think that it will be touching less than $10,000 again. It is just matter of time until the price recovers back again and go up, it will happen sooner o later, and there are no doubts about that.
It went down below the $10,000 level slightly just now, which shouldn't really concern people as long as we don't break through the previously set bottom. It's pretty much the thin overall market allowing these swings to reach this deep down. It will likely keep moving within a new range that happens to be $10,000-$12,000 (give or take a few hundred in both directions).

I am just waiting until it touches $8000 so i can buy a few more.
It's pretty risky to wait with buying till the market drops to $8000 since it may not even happen. From current levels its just 20% decline to $8000 anyway, so it's not even worth waiting for if you plan to invest for the long term. If you want to wait anyway, then make sure you buy some at current levels, and have the rest of your funds aside in case the price does happen to fall down to your target price of $8000.