Quote from: Juggy777 on November 06, 2018, 11:34:00 AM

Quote from: dothebeats on November 06, 2018, 11:14:19 AM

And while you are afraid of buying little by little, these punks are taking advantage of the low prices for themselves. If a projected 75% from $9000 ranges was really a possibility, it could have happened earlier this year, right after the ATH blew off since everyone wanted to get out of the sinking ship. Also, we have tested several times the lower ebbs of $5000 but to no avail, only to end up stopping @ $5700 before the skid stopped and the buy backs went through. Most 'experts' think that the lowest point is $3000-$4000 in this cycle, but it's been months now and nothing is really happening.

I'll second this thought process while people are afraid of burning their hands, these guys are accumulating for the long run as they're anticipating a bull run. If you'll see right from the start of the year bitcoins never went down past 5k, and I don't see it ever going below that level, in fact now it's formed a new resistance between 6k to 6.3k which I feel if it maintains it can touch high levels soon.

I will third this. I think that this claim is like what people say that bitcoin price may go up to $20,000 next year. It is just too big a jump to say this now. Anyway, if the price of bitcoin drops to $2000 then people panic and start selling their coins, but we never know.