Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mindrust
on 25/11/2018, 16:27:09 UTC

I really don't believe the fud about hitting 2k, fudsters are out in full force trying to get everyone to dump their coins on the cheap.  I believe bottom was already hit and we will never see those lows again.  There is just too much uncertainty in government currencies for bitcoin not to keep growing.

You under estimate the latitude available to the "price discovery" process.

The market will dump until every last drop of profit is extracted and only die-hard hodlers are left. It's only 20 months since we were at $1k and that level can easily be retested legitimately.

Expect the unexpected.

Trace Mayer also says the same thing. According to him there are many "hodlers of the last resort" who'll be hodling this no matter what happens and they'll even be increasing their stash during the process.

This is why btc didn't go lower than 3 digits in 2015. There are die hard hodlers.