Post
Topic
Board Trading Discussion
Re: Bitcoin trading velocity constantly rising since December.
by
ethereumhunter
on 07/03/2019, 16:42:15 UTC
In the middle of this, someone predicted that we will see new low ($2k or $1.8k) after we break the $4.2k resistance. I don't know how they arrive at that conclusion but I'm pretty sure if the momentum keeps on going like this, that would likely never happens.


Don't worry, it won't and since most everyone was speculating while making a new conclusion that would create a new FUD just because they say. I believe it won't matter since there are whales and we got a lot of people adapting Bitcoin just by looking at that source. A $2k might be possible but $1k+ is too far from the truth.

Many of us believed already that Bitcoin will survive after all of this bearish trend and those who quit is not our concern since they were too naive to think Bitcoin would really die just because someone said it.

I don't know if $2k is really happening in the future after we reached $4.2k but one thing that I can think that traders will be in panic mode. They will do fast sell bitcoin to back to usdt or usdc and wait for another chance to buy bitcoin at the lower price.

But if we check on the chart, maybe bitcoin trading has a newcomer that would like to buy and sell like us so they can also make the profit. This year will be a good time to buy bitcoin for them because the price is very low depends on the last year. And after they buy, they can expect the history will repeat, and they can make a lot of money from bitcoin.