Post
Topic
Board Speculation
Re: How do you see 2019 going for Bitcoin?
by
figmentofmyass
on 07/01/2019, 17:44:15 UTC
I have noticed the price is being cut by half each four months, so I think we will visit three digits by the middle of this year.

ah the timeless art of extrapolation! i won't say it's impossible, but there's a great meme about that:



I dont have any idea how a recovery might happen. There are plenty of good news, projects and innovations. Even the big credit card companies want to enter cryptospace and invest in bitcoin. With all those good news, we should be already back at 6k, but we arent.

the current price is the only correct one. good news doesn't automatically translate to higher prices, especially in a bear market. before a reversal can happen, we need sellers to get exhausted and for demand to increase. based on bitcoin's long term bull trend, i think it's just a matter of time.