Bitcoin's price has once again fallen down today to $6,315.
One of the great benefit of this bearish trend is that more speculators and new investors who just want to get rich overnight have mostly moved out or still moving out of bitcoin in search of another magical high ROI giving asset.
Thank God its once again not bullish.
Atleast bitcoin would be left with its loyal holders who wish to enjoy and support this technology by using btc for payments,etc.
Not really! Instead the decrease in price actually attracts a lot of speculators to make short term profit. Also it is not possible to find another investment asset of the similar capability like bitcoin. So never think that bearish trend will drive out the speculators from the market. Some negative people will obviously step out, but the majority will stay to look for short term profit opportunities.
And who said it is not bullish??? Every dip is an opportunity for the long-term bulls, remember that!