I loved Dec. but now the bear cycle came down on us so fast like an elevator. So what does that mean for the near future are we taking the slower stairs back up for BTC?
I'm glad we had double-digit growth couple days ago, but now it's like so slow and not just busting through $9-$10k.. what the heck BTC.
What are your thoughts, elevator down and stairs up or not?
The price is at its most fundamental decided by confidence in bitcoin. When confidence begins to fall it can evaporate almost instantaneously and in order for that confidence to return it takes time. But when people do start to regain confidence it will again increase at an exponential rate. Some time is just needed before people are confident again that the crash is over.
Yeah! the idea of confidence in doing bitcoin is very important. It might be an asset for you to be successful but if you have perseverance for sure you will be able to achieve the most interesting part it is gaining profit in every bounties you have joined. As far as I know it is a challenge for us if we are really determimed to the responsibility.