Post
Topic
Board Speculation
Re: Why BTC is under $8K?
by
jeniferqueen0409
on 02/11/2018, 07:14:42 UTC
Now BTC is under $8K, do you have any opinions about this issue?
We think BTC will go uptrend to reach over $10K but it can be now.
Bitcoin is under $8000 because of the movements it makes last year and investors are dumping it because of the price they purchase last three to four years.  Some investors are seeing the current bearish market as taking profits especially those that buy bitcoin when it was below $1000.
What you say is possible, but it's pretty low. If many people have bought the last 3 to 4 years, they will wait for more because they are very patient (although they sell now they also get great benefits). They saw the opportunity at the end of 2017 but they did not sell, proving their great determination.