Post
Topic
Board Speculation
Re: When will the market pick up again??
by
Gabb
on 23/01/2018, 18:57:31 UTC
The market so far has been down for the year. When do you feel the market will recover? Too much FUD going around with negative news floating around. Will Bitcoin go down further to USD 8-9k??
I think we should be aware that the tremendous bullish trend that bitcoin experienced throughout 2017 was something sui generis and unexpected, because never in the history of this new market had something similar been observed, and just look at the historical graphs of bitcoin to see how abnormal that performance was. Therefore it is expected that at some point the market would need a rest given the unsustainability of a similar upward career for a very long time, and this pause could last for several months, so there is nothing left to be patient and reassure our anxiety.