Quote from: Icculus. on February 03, 2018, 06:03:11 AM

Quote from: vince212 on February 03, 2018, 06:02:14 AM

do you think it is going to 6000?

It's always tough to predict these things. Two ways to think about it are in terms of fundamentals and in terms of technicals.

The Fundamentals are the business value of the investment (Bitcoin, in this case). How strong is Bitcoin's utility for the future? Does it still have a place in this cryptocurrency market? It this investment world?

The Technicals are the movement of the price and how it can dictate future supply and demand behavior. In this topic we look at the price charts over several months and identify where there are stalls and spurts in the price direction. The stalls where price is stagnant for a period of time form bases of support or resistance. The spurts, where prices rise or fall over short periods of time represent breakouts or breakdowns (through the base of resistance or support, respectively). The last support level was $10,000. We broke through it and now we've fallen to the mid $8,000s. The next support level is $8,200. If we break through that mark, we could fall to $5,800.

But...will it happen? Who knows. That's where the fundamentals come in. The fundamentals keep you holding on to a good investment, even in the bad times.

When in doubt, double down!

I think we missed something. 😂😂
And you bought a cue ball for 19-20k?
👇👇