Post
Topic
Board Speculation
Re: Why BTC is under $8K?
by
rickadone
on 03/11/2018, 09:37:56 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.
Even if you do not have a specific year in mind in the future, one thing people should at least know is that the future is pretty bright and if they want to be a part of this space, patience is something they have to be willing to put in as a culture if they want to get the best experience in the long run.

The problem here is that people's mindset are so focused on getting rich in the short possible time, and they really do not tend to understand the value that btc brings to be able to come to terms with the fact that this space is still young, there is room for more growth in the future, and it will only take patience to be a part of it. That has been what a lot of people who have been a part of this space in the past, was able to deal with.