Post
Topic
Board Altcoin Discussion
Re: Is bitcoin going to hit 5000 USD ?
by
iwishicouldfly
on 03/02/2018, 00:14:44 UTC
Then it will immediately reach 30k after it. The harder correction is, the faster the price will go up when it ends

Until it doesn't.  Tell me where is the 500 billion-1 trillion dollars going to come from in such a short period of time?  The likelyhood is that after this it'll be a slow increase with people selling off their bags on the way up.  That's probably a positive outlook.  A negative outlook is that we drop 80-92% (bitcoin is has done so twice before) and enter year+ long bear market.  This correction isn't even hard, it's gradually declining.  It's quite long, it's already been going on since dec.  Before corrections were usually a month or two.
Two months+ and still going down.  The longer it goes on the more bleak things look.