Post
Topic
Board Speculation
Re: Bitcoin downtrend is limited. Here's why.
by
Vness10
on 04/04/2018, 22:17:09 UTC
I come to think that we can't fall massively below 5,000 dollars per BTC - if ever - unless some major whale - of the Mt. Gox trustee's scale - decides to cash out. I base my assumption on the premise that people who bought coins at high prices like over $12-$15k won't be selling at prices below some psychological limit because selling at such prices will be pointless and their only viable option will be to continue holding. So it is not just about demand building up, it is also as much about supply running dry at lower prices. That could potentially lead to less volatility, at least temporarily until a new long-term trend gets established.

I agree to you because not all people are crazy panicking when price goes down they much think what is for the better and who's person that buy a lot of bitcoin sell it in low price without any profit. We need to be patient because it's not all the time is bitcoin is on down price.