Post
Topic
Board Speculation
Re: Will Bitcoin Price Continue To Fall In 2019? (Sharing my thoughts)
by
exstasie
on 31/12/2018, 05:29:28 UTC
Quote
To conclude and answer the headline question, Bitcoin price will continue to fall as long as it does not show us major reversal

Seems like a pretty obvious conclusion you've come to but I do agree with a lot of the analysis.

If it's obvious to you, you're ahead of the curve. In bear markets, a lot of people indiscriminately "buy the dip" a few times and get burned before learning anything about price trends and market cycles. It's something you see in trader chat groups too. Lots of traders try to call bottoms over and over and they bleed away their capital by "catching the falling knife" instead of patiently waiting for an obvious reversal.

All predictions are coming to the same conclusion: maybe it will or maybe it will not. Nobody knows as I see, but everybody hope for better result  Cheesy

Lol thanks for your reply - but this was never my conclusion, or at least the conclusion I wanted to deliver to readers. What I was trying to say is that the market will not recover until we see an accumulation phase. A phase that should take at least 3 months to develop

Yep, in fact I think it'll take longer than that, maybe 6-9 months.