Quote from: jagdeepjd on August 25, 2018, 05:23:24 PM

Quote from: PartyPete on August 14, 2018, 05:44:00 AM

The Bitcoin pirce trend has always been clamped within $5500-6000. The spike pricing $7000 was too synthetic since an increase if 1k in a day was a bit sketchy. Will we ever see pricing skyrocketing again? What are your thoughts?

The current situation looks very despair no confidence in the market at all. And now we are looking forward to the catalyst of CBOE's ETF in late September other than that situation is quite worst. So yes we may see some spike in the prices in the mid-September and then a slump again if ETF is extended again which is more likely to happen.

It is a normal thing to see less confidence in a bearish situation of the market. What is obvious right now is that people are so much focused on the fake pumps and prices we are used to than putting more of their focus on seeing bitcoin hit mainstream adoption as a result of its development and real life usage as currency. However, in the speculative nature of things, I guess most traders and investors are simply just trying to play things safe rather than hopping too fast into the market.