Post
Topic
Board Speculation
Re: do you think bitcoin will go back to 6000? should i sell now?
by
Cryptodaddy05
on 14/03/2018, 06:14:05 UTC
Interesting post from the OP on Feb 3 when BTC was about $9K, three days before it did plunge to $6K - and then rebounding the next day to $8K, and going as high as $11.5K since then before being back where we started at $9K now. And it’s easy with hindsite to say that it would have begun great if the OP sold at $9K and bought back in at $6K three days later, but what I found was that I couldn’t get any orders in on BTC or ETH on my exchange here in Australia which I tried to do on Feb 6 - and I’ve been happy buying at the $8K mark. And I don’t think anyone really knows what will happen with the BTC price short or medium or long term, cause it depends on market sentiment and what news comes out and gets reported and of course on whether big holders of bitcoin like the Mt Gox received and whales dump onto the market or not - but I believe that in the longer term bitcoin will follow its long term growth line upwards sooner or later, and I’m not selling or trying to time the market too much.