Post
Topic
Board Speculation
Re: BTC/USD Idea
by
BitHodler
on 25/02/2018, 23:19:50 UTC
I do somewhat agree with this, but the lowest point I can see become reality is NOT below the $7000 level.

That I can agree with. I think it's pretty safe to say that there isn't much incentive to support anything above the $10,000 mark just yet, but on the other hand, I don't see anything to worry about either.

I think people just need to realize that the recovery to almost $12,000 happened a bit too fast, and thus the market due to the lacking buying incetive above $10,000 came back down to where it actually belongs for now.

Great thing of BitcoinWisdom being lazy to update their site, is that it still shows BTC-E's ticker being stuck at $2546, and China's OKCoin ticker being stuck at $6124. All these prices are a reflection of what happened last year.

In other words, we are still up big time, and that's how everyone should look at the market.