Post
Topic
Board Speculation
Re: I see a dump approaching, do you?
by
Lucius
on 30/01/2020, 15:16:23 UTC
I do not see a big problem in the fact that price may drop again for some $500 or maybe even $1000. We recently had $9100 and a quick dump to $8500, so a similar situation could happen again. We are in a time when everything is possible, but bulls generally prevail in the last 30-40 days which is very easy to see if you check price just the week before Christmas. I saw somewhere that this was the best January for BTC since 2012, and I believe this is just warming up for one very successful year.

There will probably be many more small dumps, but only because a stable price does not make a profit for those who trade on a daily basis - buy low, sell high, make a profit and repeat everything again.