Re: Is the Market Stabilizing?

What are your opinions?
~snip~

stability is always temporary in the BTC market, at least in this nascent era of early adoption. it won't be truly stable until the market is saturated and there is little room for future network growth. any long term stable period will eventually erupt into a violent trend.

regarding what to do, i'm of the opinion that we're approaching a major swing low in the $3000 area or maybe after a quick dip into the $2000s. the time to sell was in the $5000s. if you're going to sell this late, watch closely and don't wait forever to buy back.

the next question is when will bitcoin begin to move up again

Well no one can really answer that question. We've seen the price somewhat stablizes but then out of nowhere the price plummeted. We went from $65xx->$36xx->$4xxx->$36xx again. So there's a lot of bloodbath going on and I don't think it will just end.

Although I believed that we're getting closer to bottom but its hard to say when we're going to see the start of the bull cycle. It could be the start of next year, or Q2. There's no indication whatsoever, that's why it makes they whole crypto market more exciting specially for speculators or gamblers alike.