Ninjastic
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Re: Bitcoin Trend Panic Sell Mar-Apr 2018
by
Basmic
on 17/03/2018, 15:38:08 UTC
Quote from: drm on March 16, 2018, 06:23:48 PM
Quote from: piloder on March 15, 2018, 11:54:33 PM
Quote from: kumarp on March 15, 2018, 11:51:57 PM
I see btc currently trending between 8000-10000. Most of the gurus were unable to predict the value of btc and some of them told it will be similar trend in march and april, even some news i heard that btc will down upto 2000$. I dont know what should i do   
I don't think price will go anyway near $2k by this year but another testing of $5k button is possible if price will not recover soon from this panic. There have been lots of fuds and legal restrictions for crypto this year which fueled panic on the market and we are swinging around 50% of ATH price.



If it would go to 2k, I'm sure many of the newcomers will be done with bitcoin for a while if not for ever.
I will tell you that not only newcomers but also many of those who have been with bitcoin sell your coins. Only newbies will wait until the price drops to $ 2,000. All traders will sell coins before the fall reaches such critical levels. Bitcoin is still a speculative asset. During the period of instability, speculators immediately withdraw their capital and increase panic.