Quote from: BrewMaster on October 07, 2018, 04:08:35 PM

Quote from: pakhitheboss on October 07, 2018, 03:52:55 PM

.... nor I want to speculate.

when you are talking about what price is the possible price for bitcoin then you are speculating!

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October 2018 ICOs have failed, most of the ALTs are below their ICO price. That means, Now there are less Fool and people have started understanding the concept. no more Sheeps to slaughter ... Much harder to manipulate price (or atleast people are aware of it.

this has little to do with bitcoin. this trend or better said "cycle" of pump and dump happens among altcoins every now and then. usually every summer we have something like this when there is a lot of altcoin pumps which eventually get dumped on their newbie bag holders.

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As an example, Think like --- Lots of people were hodling when Bitcoin touched 20K.... But now repent doing so... 100% if Bitcoin price surges to even 9000$, they will dump knowing there will be again a correction.

that doesn't sound like a logical move from a normal person to me. you are saying a person who has held for 10+ months from $20000 down to $5800 is going to sell if price goes to $9000!
let me ask you this: why did this person hold for this long? why didn't he sell the first time price recovered to $9900 after dropping to near $6k?
why didn't he sell the second time price fell to $6k and recovered to $8-9k? why not the third?
what makes this time any different for this particular type of person?

Most of them were hoping that the price might again touch $20k after a little nit of correction. Ultimately this never happened in last 10 month. Now as soon as the price goes to the level of 9k$, they will sell Bitcoin to cover their losses, which again I doubt will happen this year.