Quote from: audaciousbeing on August 10, 2018, 06:32:59 AM

Quote from: vitek_dyb on August 08, 2018, 09:21:09 AM

What you thinking in this market can bitcoin back to high price or now is stable price 6000-7000 and in this year no hope that go up and nothing positive news to go gainer?
More specifically, Gordons cryptocurrency prediction is that Bitcoin will first drop below $5,000 only to rebound and reach $10,000 by the end of this year. Gordon argues that the main reason for this shifting price trend is the significant market volatility in cryptocurrencies and Bitcoin.

What the market need is a valid push and a reorientation of the way people see any push. When a push happen either through the break of a massive news or a big investor coming in, the reorientation needs to come in not to use that as an opportunity to dump because they are short sighted thereby driving the price downwards waiting for another push again.

On Gordon's prediction, won't happen by magic only if he has so much money to continue pumping into the market in other to ensure his prediction comes to fulfillment other than that, the above paragraph to me is the workable option.

the money is there waiting to come in which is why i think many of these speculators who are talking about high prices like $50k,... by the end of the year, have in mind.
we had the bear market and the profit of last year alone was huge. not to mention all the fresh money that comes in or is waiting for the sideways movement to end to come in afterwards.

so in other words we need the money waiting to come back. and for that we need to see why that money is waiting. i think one of the reasons is the fear that exists because of ETF another reason is the FUD and when these are lifted we may see a jump. maybe not to $20k by Dec. but a decent rally.