Quote from: ShortClixneoai on November 22, 2018, 07:06:26 AM

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Quote from: Lmaooo on November 16, 2018, 02:21:08 PM

Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

I think it will not fall down to $3000, hopefully not because I don't see that it will fall down even more this year. Yes, a lot of us are expecting bitcoin to rise up by end of year but I don't also think it will take again like last year, maybe it was just around the average of $5000-$6000. In my opinion, $10k this year is also impossible for bitcoin to reach again.

Not impossible since this market can make a 360 degree turn in a matter of hours. And i think we stil have enough time for a rally to 10k. Though at the moment a lot of us are still surprised about the decline with the bch hardfork the only notable news in the market and i don't think it should affect btc that much.

Eucalypt, like the last year, in December, the prices just jumped from some seven thousands to twenty thousand within time span of one week. They were like jumping in hours distance.

I really would not expect the same thing that happened last year to happen the same way this year, but at the same time it is the cryptocurrency market and it is bitcoin, so in a way, we might still get to see anything surprising coming into reality.
Nonetheless, at this stage the market is oversold, but there is no doubt we can stay in the oversold region for a while, and with the way things are going now, $3k looks more glaring as a bottom but I guess we might just have to wait and see.