Re: Temporary bounce to $600? But we're still going doowwwwwwwwnnnnnnnnnnn
I'm very confident that $400 was the bottom. As you say, historically post crash we seem to trend down towards 2x the pre-crash price.
These are great times to trade. It's low enough that I'm confident that it will recover to a ATH within 8-12 months, which means at least 100% gain in my holdings and it's moving quite a bit that I can try and snipe some additional day trading profit.
If it goes to $200 well I have enough FIAT to snap up a decent chunk of coins but it's simply not happening. $300 is even way too cheap right now.
These are great times to trade. It's low enough that I'm confident that it will recover to a ATH within 8-12 months, which means at least 100% gain in my holdings and it's moving quite a bit that I can try and snipe some additional day trading profit.
If it goes to $200 well I have enough FIAT to snap up a decent chunk of coins but it's simply not happening. $300 is even way too cheap right now.
What don't you understand about 44% of the Bitcoin market being forced to liquidate their positions by their government?
No, owning Bitcoins in Chinna is possible, I believe the Bitcoins in Chinna might be more valuable than elsewhere in near future, because of hard way to get Bitcoins in Chinna. Having miner in Chinna and selling the coins privately can be quite profitable if Im right
China not Chinna.. and yeah ur right, this is great news! Silly of us to think otherwise really
Cant wait for new ATH in China.