Hi guys and girls,
I think the time is there for the big shock in price.
I do not know how low it will go. If it continues from here (9200) it will go to at least 8500, maybe 6800.
I still see a lot of potential for bitcoin to grow, but this kind of correction (backtest) is nessecary to go back up again.
There is enough money that wants to flow in, so i would not worry.
I keep my position and am ready to buy a little more!
To which levels do you think we are heading?
LOL. Been busy in the last couple of weeks and when I came back bitcoin is on another price correction. As far as the bottom price? I really don't care. I always look at the bright side of it. Time to buy and stock up more bitcoins. Everyone should take this opportunity to get it while its still cheap. Yes, this is another test to shake the weak hands. Its always been the case. So If I were in your shoes, I will not dump my coins just because its going down. You have to look at the potential profit you gonna earn if you hold it longer. Don't listen to FUD. Money always moves from the weak hands into strong hands. This is just another hurdle that we can overcome in the next couple of days.
You spoke my thoughts. This is actually a great opportunity to buy bitcoin when its value is dipping and it is possible to earn quick short term profits this way since I am expecting a big rally from the entire crypto market later this month. I have already purchases 0.5 bitcoin and several thousands of Dentacoin which I will HODL for long term profits. The media is blowing the India ban out of proportion which is one more case of ignorant FUD and I advise everyone to ignore them and focus on HODLING your coins since 2018 will be bigger than 2017 for crypto.