Post
Topic
Board Speculation
Re: Will Bitcoin starts to climb up in the next month?
by
1Referee
on 11/04/2018, 09:45:23 UTC
This is actually unpredictable. No one can ensure that the Bitcoin is going to climb up but as an investor we need to be optimistic to remain in the market otherwise we may feel demoralized and disincentive.

Currently traders are more motivated and optimistic to enter the market than before. Every market experiences its ups and downs, but the market as it is right now looks strong and healthy, which is something we couldn't really say about the market in the previous months. If people see current market as being negative, or a bear market, they are fooling themselves.

Technically, one could indeed say that this year we're experiencing somewhat of a bear market, but that's a false reflection of the market, just as much as the $20,000 peak was a false reflection of the market. We could almost say that the false bear market got rid of the false bull run peak, resulting in a great mid way market that seems to be consolidating right now. It's all positivity from my side.

People have been talking about this and that fud has taken the price down, or is covering the market with a negative layer of dust, but that's all in people's head. It's proven that 1 'negative' event in people's minds, can deem the previous 10 positive events to no longer hold value.