good post. just some thoughts I have:
one thing that I have learned about bitcoin is that you should never say never with confidence
with what we have seen so far I have also been saying that below $6k is impossible but I can not rule out unexpected incidents like a market wide panic when SEC rejects ETF in near future or some ridiculous other news like an exchange hack. all of which can bring down the price.
and I think this "fear" is one of the main reasons why we are not seeing any rises these days and the volume is not as high as it should be.
one thing that I have learned about bitcoin is that you should never say never with confidence
with what we have seen so far I have also been saying that below $6k is impossible but I can not rule out unexpected incidents like a market wide panic when SEC rejects ETF in near future or some ridiculous other news like an exchange hack. all of which can bring down the price.
and I think this "fear" is one of the main reasons why we are not seeing any rises these days and the volume is not as high as it should be.
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you could have bought at lowest rates and that too many times and could have sold at high rates many more times. This way profiting yourself multiple times and by re-inevstign your profits.
this is true although you need to remember that this type of trading is riskier because it requires a much better timing since sometimes that window of opportunity for buying or selling is too short.Thanks for your thoughts.
I do believe that bitcoin won't be putting itself down below 5-6K USD window but again its ultimate fate is dependent upon various fundamentals.
However, it doesnt matter if bitcoin falls below that bottom because as I said with my analysis above, its just another opportunity for us to buy more bitcoin. With the past one thing is clear, bitcoin forms the wavy patterns does bounce back again and again. One can literally have periodic payments as profits from this beauty beast.
