Quote from: cellard on August 31, 2018, 08:08:50 PM

Quote from: hugeblack on August 12, 2018, 01:26:24 PM

Quote from: Jolly_Trader on August 12, 2018, 07:50:30 AM

All this means that we have not reached the bottom of 2018 Sad

Do you mean levels below $ 5500 ?, It is not expected to happen.

About three weeks ago, "before the news about Khalid," the price was around $ 6,200, after which the price plummeted to $ 8000 due to optimism and then returned to the same levels after the postponement decision.

So it will be repeated until the decision to reject or accept "which leads to a rise above $ 8000 or fall below $ 6000" in the short-term only.

In the long-term: the price will recover and start to rise again to over $ 10,000, especially if the lightning network is activated but the real question is when?

ETF or others are the reasons that lead to increases in the short-term only.

If you're afraid of the price, the real trader knows how to gain from both falling and rising "you could earn $ 2000 from last week."

Prices below the famous $5500 range where the "cost of mining theory" point and the long term trend support line meet are being questioned by a fair share of analysts out there, pointing to $3k, some even $1k to really get deep in despair mode. They claim the current downtrend is still part of "capitulation" and the graph must show a nice dip below $5k, which means all the people that aren't here for the long term but to make a quick buck, these that do not understand the fundamentals, will be shaken out there. We need to go deep in there so bitcoin is hated by all the noobs. Then after that happens, it's when the march towards $100k starts.

Of course, this is not a requisite, $5.5k may have been the definitive bottom and we will never go under that, which means the people waiting with fiat for for the $3k-$1k scenario to take place are going to hate themselves a lot in a year.

It's too obvious to be true. Most likely the game is more thoughtful, it is possible that the bitcoin itself is part of one big idea.
in the 70's after the abolition of the gold standard and the introduction of petrodollars, the British established supranational non-cash money, imitated by the IMF.

maybe the situation is repeated?