Post
Topic
Board Bitcoin Discussion
Re: Is this bearish market in July actually good?
by
player514
on 10/07/2018, 02:28:35 UTC
I've heard and read many analysts actually optimistic about this last big dive in the market flow, they believe it's a signal for a big bull in the next semester. But I find hard to believe as I'm not seeing why exactly they see that, what you guys think?  Huh

A bull market can follow a bear market or just some stagnant times and the vice versa applies as well. There's no reason to believe something's due in the future just based on what the past was. The market depends on what the people investing in it believe. I think there's a good amount of evidence that the market may go up after this short period of time (and part of me says this because I did happen to glance over this article earlier this morning: https://www.forbes.com/sites/billybambrough/2018/07/09/new-paper-reveals-massive-bitcoin-backing/#38e375515ead), but that does not define the trend at all, and there's not much more info I've been seeing recently.