Post
Topic
Board Speculation
Re: Bitcoin Price Fails to Record Big Breakout But Market Remains Bull-Friendly
by
Stedsm
on 05/10/2018, 17:02:12 UTC
I think that we will see a normal recovery of the cryptocurrency market closer to December of this year!
Do you think Bitcoin will be restored to $20,000 last year?

Those who went all in on BTC or bought it with amounts they couldn't afford to lose at its all time high (maybe you're one of them) ask these questions. Normal recovery doesn't consist of pumps in prices without any reason, no doubt everyone here wants Bitcoins to succeed, but not all of us want it to go to that level with such quick speed because this shows that the level of speculation is more than the adoption %. Tell me why Bitcoin should be at $20k, a valid reason is needed. We're not even done with the scaling issues yet and testing out new technologies such as LN to see if it could help out few audience doing some transactions off-chain unless they're needed to go onchain when channel gets closed. Let's get there slowly and steadily, else we'll again see the repetitive pump and dump scene where BTC went up to $20k (as you want it now) and then get dumped down 1/4th its value which makes it look like a ponzi scheme under a free-fall.
NO, I didn't invest all the money in Bitcoin. I have invested in Bitcoin for 5 years and made a lot of money.

Then why are you worried a lot about its price? There are a lot of other issues to be discussed on (which I've already discussed in my previous comment), and unless they're resolved, I don't see any reason why it should be so expensive by reaching $20k. Do you really think bears would stop their shorting games when they know they can make more money over bets made by longs as when everyone is bullish, that's the best time to burst their speculative hope by breaking down the value to support levels and making longs helpless and come on their knees - that's the power of leverage trading.