Post
Topic
Board Speculation
Re: What will be the bottom(for you)?
by
timerland
on 31/01/2018, 06:18:20 UTC
with bitcoin price falling I sometimes ask myself; when is enough?
What do you guys think will be the bottom before it goes back up?
And what would be your bottom? 9k? 8k? 7k?


It should be around $9k at the worst. Perhaps the price would go down to $8k for the short term and then rebound back up to $10k right now. I still see $10k as a floor, and it'll be hard to break it completely. Of course it is possible, but not likely.

I'd say that instead of trying to time your bottom perfectly, probably just start buying now bit by bit.

Bottoms are impossible to predict since you never know how much FUD and panic is going to be there. But it'll be easy to predict the rebound that comes after the bottom. And we're already down 50% in like 1 month, it'll be hard to go down more in the short term.