Quote from: drachman on August 09, 2018, 02:21:36 AM

Quote from: JRMtrader on August 06, 2018, 11:36:16 AM

The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.

Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.

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That is not a good enough reason to get bitcoin at 50k before the end of the year we need a lot more than that and right now I do not see that price being reached that soon, if it happens I will be extremely happy since that is my target price but if we were to reach that price that soon I will probably still hold my coins and wait for more time because I have the idea to hold my coins at least for 5 years.

There is no chance for bitcoin to reach 50k this year because the trend is very strong and we might stay at a down trend for a lot of months or even a year and i hope that this downtrend will make the market of bitcoin stronger than before because the people are being tested with this trend which will make the overall market stronger, i believed.