Post
Topic
Board Speculation
Re: What if Bitcoin just hold steady for months and months
by
hitrawal91
on 25/01/2018, 13:49:38 UTC
Bitcoin isn't moving very much just now.  Up a tiny bit and then down a tiny bit.  Would this be very boring for people.  This might not encourage more people to buy.  I think the only way people buy is if it's going up and down more.  Because then at least they will have half a chance of making a good profit. 

I think your approach towards the market is not the right one mate, let me clear you few things clear first. Bitcoin has previously moved more than we expected which was it's trending period where of course the volatility will be high, and now the bitcoin is under consolidation phase or sideways trend going on where the bitcoin isn't moving much and here the volatility is very low comparing to trending phase and this how the market used to behave as they have different trends in their market cycle just like we use to see different weather seasons in different time periods and places but that does not mean its boring for people. In fact, you can use this opportunity to invest small amount here and scale up when the bitcoin start moving up or else you can also opt bitcoin and focus on other altcoins if you are really worried about profit.