Quote from: BlackPanda on June 21, 2018, 11:31:13 PM

Quote from: s2sallbygrace on June 21, 2018, 11:05:50 PM

Quote from: Jaidman on June 19, 2018, 05:08:44 PM

We have been experiencing serious downtrend in bitcoin. Some people have been holding bitcoin since alt high $19500 December last year till date $6761 (six months ago).

My question is When are we going to experience pump/bouncing back to previous alt high?

When? Actually, that we don't know. No one will know when will bitcoin go up again. Market is still at $6k and we are now almost end of June. The movement of bitcoin is very minimal, so let us just wait when it's going to bounce back.

No one ever knows when the price of Bitcoin will experience movement. Bitcoin prices are very difficult to predict because whenever the price of Bitcoin can change and it happens in a very fast count. Bitcoin prices are very easily influenced by various things including with the news related to cryptocurrencies. Usually the government factor will also be very influential. Yes we can just wait and all we can do is to continuously use Bitcoin in everyday life. Increase the use of Bitcoin and it will make Bitcoin increasingly have a much better price value.

We are unable to predict about the future of Bitcoin as we know that we expect something else and the market reacts in another way and giving uncertainty so this is a tough job to say something about the future. We can say that the increase in rate of demand will activate the market again and we will be standing in a very favorable market in the upcoming few days.