Quote from: hxo1997 on February 02, 2018, 08:59:59 AM

In my opinion, if the price stays at 8.5k at the end of the day, it will pump back to 10k on Sunday. India's gov they don't ban Bitcoin exchanges and because of FUD peoples get panic. Soon they will buy again.

I keep on seeing these predictions of an immediate or medium term recovery. When I first arrived in this forum BTC had gone from $20K to about $14K. People were predicting a recovery within days. Then it went from about $14K to $10K, and again people were predicting a recovery within days. Now it's $8K and people are predicting $10K within a few days.

I think it's likely that BTC will go up at some time, but these short term predictions are worse than FUD in a way. As people will see them disproved quite quickly and in fact the currency's value goes in the other direction.