Post
Topic
Board Speculation
Re: Is bitcoin still in a strong downtrend ?
by
avikz
on 27/02/2018, 21:29:54 UTC
I don't trade Bitcoin but I want to buy some to invest altcoin . I missed opportunity at 6k because I waited for 4k .

Do you thing Bitcoin still in large downtrend ? 4k is possible ? Anyone with a good skill of forecast can help me compose my mind please. Thank you.

You will never get an actual picture of bitcoin's price trend from the comments of the community members unless you start tracking the bitcoin price closely. All members will have different opinions and since it is a bitcoin related forum, you will mostly see optimistic people around who believes bitcoin will go up at any point of time. Which is a good thing for the community but doesn't necessarily provides the right information.

Also, bitcoin's price trend doesn't always follow the technical analysis. It is a raw reflection of public sentiment. The only way to determine the price trend is to closely follow and track it and use your own intuition before investing.

Generally, if you are looking at a long term opportunity, I would encourage you to go ahead with the current price as it possess significant future potential.