Quote from: Daimon88 on June 23, 2018, 06:52:10 AM

Quote from: AnonBitCoiner on June 19, 2018, 04:42:51 PM

Quote from: pawanjain on June 06, 2018, 02:30:21 PM

As we know, Bitcoin had reached at it's peak of $19k during the end of the year and after that it went to a deep decline.
People are hoping that the same momentum will take place this year too. So if this happens, won't people be ready for buying at this price.
Or lets say if the price really goes high and when the year end comes, won't the people sell it before the decline arrives ?
If people start selling, don't you guys think that the decline will arrive much faster than the last year ?

P.S : My point is, we can't expect the price to rise and fall the same way as the last year.

You are correct.Both the raise and fall is happened in last year.At the beginning of last year,bitcoin is struggled to reach 2000$.It was come true at the month of August only.In 4-5 months the price of bitcoin reached 19,000$.This is the power of bitcoin as compared to other cryptocurrency.

The current market encourages people to buy coins and this is due to the low market price as we know that in a low market we get a lot of coins in large quantity on low price so we can collect a lot of coins which makes a better position same as you load a weapon. So, we have loaded our weapons in this market and waiting for the value to go high and give us the opportunity to sell out for profit.

But way more people is selling then buying right now. People bought bitcoin to profit from price growth, but they only got price decline. They are disappointed and are selling. People that already have lots of Bitcoins are buying. But they dont have endless bags of Euros. They put part of their salary in Bitcoin. They want to maybe buy new car since their old is all rusty and since they have in Bitcoins for a small island. But they rather dont and eat old bread and drink water and buy more and more Bitcoins and put them in their heavy bags. Those people cant hold price of Bitcoin so high as it is right now it ss simple.