Post
Topic
Board Bitcoin Discussion
Re: Is it Game Over for Bitcoin?
by
Abiky
on 14/01/2019, 15:38:15 UTC
In the financial markets the game doesn't end. Therefore I think, it is impossible to say that the game over for Bitcoin. Even if we were old in the market and spend few years, we're still hard working every day to accurately interpret the market's course of action and determine the right strategy. In fact we are in a market where learning never ends. As long as we strive, opportunities will come and we will be profitable.

That's certainly true, mate. Markets react in an unpredictable manner, in which specific events could be triggered either by positive or negative news. Considering the rules of supply and demand, Bitcoin's price could rise if people demand it extensively across several crypto exchanges. Other than that, if interest from buying Bitcoin is too low, prices will stale. The current events could be a result of whales manipulating the market just to buy low and sell high for profit.

Cryptocurrency’s volatile behavior makes it impossible to predict what their value will be within a couple of years from now. As you've said earlier, as we strive, opportunities will come, making us a lot of profit at least in the long term. In the short term, it's best to continue buying and hodling Bitcoin, to sell some for cash in the next bull market.

Nonetheless, it may not be game over yet for Bitcoin as it grows in development and innovation over time. Just my opinion Smiley