Post
Topic
Board Speculation
Re: BTC $3700 Reflection of bull run?
by
rey88
on 19/12/2018, 16:41:26 UTC
Although I Wish this was a market recovery, this is nothing more than a market correction ( Dead Cat bouncing) ,
The price fell from 6k to 3k in rapid rate, there has to be a bit of market correction which is this period.

There is NO real support for the Prices to rise - People who ''invested'' in the bitcoin are now absolutely scared/angry at bitcoin, most of the people I know have sold their coins at a huge losses , mining operations are shutting down etc.. it's a frenzy out there.. which reflects the bouncing prices and larger volumes.

surely a good time for a day-trader to get in quick and get out quick, but for the average folk- STAY AWAY from this at the moment!
the prices are just dropping and dropping... Expect any real stable price rises/ stabilization  around -maybe- Q3 2019.

Economics 101