Post
Topic
Board Speculation
Re: Bitcoin continues to decline?
by
NeuroticFish
on 29/01/2019, 07:40:13 UTC
Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

It's hard to impossible to make predictions. It's crypto winter, the money is out of the markets.
It's the worse period in the market cycle and nobody knows for sure how long will last and how low will Bitcoin price go.
There are hopes that at some point this year the trend will reverse, but nothing is certain.

For long term hodl'ers it is not such a great time Sad

Long term hodlers are still on profit. They have Bitcoin since before the days you heard about it and they went thru another such market cycle. For them it may be actually much easier than for the newcomers.