Post
Topic
Board Bitcoin Discussion
Re: Am I pessimistic or is bitcoin still over hyped?
by
mk4
on 23/11/2018, 16:32:43 UTC
I agree with you a lot more than with the op. The way I have seen it over the last 8 months, the majority of news is negative. China banning cryptos (fake), Google banning ads, Facebook banning ads, China banning ICOs...
There are definitely a decent number of "bad news" this year, but if I remember correctly, I think we had worse last year. I personally think the crash was still more of due to cryptocurrencies in general being too overhyped.

I really don't understand why people are not buying cryptos actively now. The prices are unbeliavably good.
Probably not in a while. The weak hands or the "crypto is finished" people are shaken out, or at least most of them. We're going to need to have new money to get to new highs in my opinion.

And yeah, people are also expecting lower. $3000 is a well known target like o_e_l_e_o said, as I think $3000 is also the target of Tone Vays(a quite famous trader). Time will tell.