Re: Banned dude projects Bitcoin bounce maybe to $10k, then renewed decline to $4600
Support is doing good at trying to help bitcoin be a little stable, but won't last for long,people are panicking too much, after all 9 months of continuous bear season doesn't give out a great feeling to anybody. So 4600$ is possible, but unlikely.
I totally agree that support is doing well, but nothing is guaranteed even with the support doing good as long as the bears are still doing very well as well. The price movement and the faster red candles sure show that. Also, I do not believe that nothing is unlikely, it is the market, and whatever is bound to happen will happen anyways and all we will just have to do is to accept it when it comes, utilize it as an opportunity and get the best from it in the long run.Its the holdings that very shortterm buyers unwind that leads to the action they fear. As well as that population of people there are also long term users of bitcoin who are aware that 2017 was not a normal market layout for price accumulation. In the end the two extremes in sentiment will balance out to even this period, it could be 9 months is not that long at all but I think the speed of change will slow anyhow
No context indeed! Well, I would not blame them; as long as there is no understanding, knowledge and they are not even ready to learn but want to get rich overnight, they will always see a market that is low in value as dead rather than taking the opportunity to buy the dips. Apparently, for someone to be able to take a dip seriously, such a person must have been able to visualize the possibilities that abound in the long term, something an ignorant person will not see.