Quote from: weeks65 on August 31, 2018, 11:23:14 PM

Quote from: Altcoins enthusiast on February 17, 2018, 10:21:19 AM

Since bitcoin and the cryptocurrencies markets get into bearish trend since December 16, 2017 we have seeing alot of comments and post about people and traders asking were is the bottom and should we buy and hold? I think personally, the downward trend is over when bitcoin push above $10,250 and $10,850 this morning! The bullish trend has been trigger and bitcoin is going to break the December high of $19,000 and move above that level towards $25,000 before we can see another major bearish again. What did you think?

I believe that the bear market is continuing, you can see that bitcoin prices are constantly falling and it is hard to predict that it will continue to increase in the long run, at present bitcoin prices if you want to uptrend through the milestone $ 20000 but according to my analysis it is impossible. So you should not invest long term at this point.

I think bitcoin is more suitable to be used as a form of long-term investment because everyone believes that bitcoin will continue to increase in value in the future even though bitcoin price movements lately have always declined but gradually the price of bitcoin will definitely increase again