Post
Topic
Board Speculation
Re: Decline until the end of the year?
by
UNOE
on 03/12/2018, 18:42:16 UTC
Friends, the market capitalization suffers from huge losses, do you think the "Great Depression" of cryptocurrency will last for a long time? Will you do something until the end of the year, or you wait for growth the next year staying with your portfolios on hold?


First of all this isn't a great depression. Don't fall into the trap of people who don't know anything about Bitcoin before 2017. This is just the most recent of a series of crashes, that are part of the cyclic nature Bitcoin's market.

I don't think we'll see a serious decline again. As the fall from $6000 to $3500 was from the Bitcoin Cash war that I guess just panicked the whole market. I think we might be looking at a $3000-$6000 price for the next half year. So what am I doing until the end of the year? I'm buying. I started buying for the first time in just over a year the day it dropped under $4k last week. Bought some more this week. The only thing to do is either buy more at these incredible prices, or continue holding if you don't have money to buy in now.
I agree with you and you have good strategy, but I think that there is more factors which cause Bitcoin crash beside Bitcoin Cash war. Bitcoin Cash war is over, but bear market is not over yet.