Quote from: randythered on November 04, 2018, 03:14:42 PM

Quote from: gudongud on November 04, 2018, 03:02:21 PM

I have never seen bitcoin doing this well in my entire cryptocurrency days (I have been around for over 6 years now). The point is not that it has been an amazing 2018 but the point is whenever bitcoin gets lower there is always a a pump in the works. Which means since it has dropped amazingly than there will be a time when it will go up as well. Since it has dropped so far it means the turn is on the going up part right now.

I have always loved undervalued stuff, it could be undervalued stock or real estate or any other investment method out there and I always went in for it. I think bitcoin is insanely undervalued right now and it will recover and get high a lot. For that to happen we need another hype and that is coming around with these new ETF talks as well. As soon as one ETF gets accepted all people will try to buy bitcoin, from smaller investor to big banks everyone will try to get one.

In understanding the phases anything takes you can see where the value lies and what the future likely holds. Given the boom-bust cycle it seems bitcoin is well towards the end of the bust stage now and the next up will be the boom as you said. ETF's won't lead people to try buy bitcoin, perhaps though invest in the ETF and that will be backed by real bitcoin's most probably.

You are right, ETF is nothing. It won't really help the people lead and try to buy bitcoin or something convincing to them to buy. Before there is no ETF implementation but still there is Bitcoin existing until now. Well, try to have faith on this and hold your Bitcoin as long as you can, you will never know Bitcoin will raising up someday, believe me.