Post
Topic
Board Speculation
Re: BTC Struggling to Reach Over 9K
by
Slow death
on 23/04/2018, 17:31:43 UTC
0.1 Bitcoin = $850. Who can buy ??

when the price was $ 20,000, how would you think that we reach this price if no one was buying? and obviously many people are buying, this is because bitcoin are limited and there is a lot of demand and as the days, months and years pass more demand we will have and we will have little supply and this will cause the price to increase a lot, have a coffee and watch the markets.

https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/

It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.

Good Luck Traders,
The Elysian Team

we are not having big increases in the price because of regulation, just see this:

Central Bank Of Iran Bans Banks From Crypto Dealings

Macau Monetary Authority Issues Warning On Crypto Following Criminal Ties To ICO

these things are happening at the same time in many places, so this year will be different from the other years, the price will not increase and increase as in the past years.