Quote from: whoisyourking on March 31, 2018, 12:38:56 AM

Quote from: Gatorelf on March 26, 2018, 10:04:09 PM

IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.

Why are you scare if that will happen. That is the good time to buy more bitcoin if the price reached the 5k mark, slow addoptions and regulation about bitcoin has a huge impact to its value, the only thing we can do right now is to hold and believed in bitcoin.

Never said I was scared lol, I sold out of all crypto when BTC was 12's thus capturing profits. Bitcoin has dropped another $2k from $8,700 since I made this post just a week ago. I mentioned a psych level of 5k because that is the only thing I see that could slow this downtrend. If it doesn't hold $4,500 ( bounce off of) for more than a week there could be another collapse to $2,500 area from fear. Many used technical analysis thinking it was rebounding off of $8,500 well that was a big loss for them if they bought in proving once again TA is a load of crapp sucking in the hopelessly optimistic just like the stock market.

Like I stated previously the whole market wont be going up until there is a reason to go up ( a reason for big money to invest). I love crypto and believe in its future strongly but when the train is coming off the tracks I move on.