Post
Topic
Board Speculation
Re: Another decline of BTC expected
by
jhonjhon
on 01/03/2020, 15:54:14 UTC
https://cryptodaily.co.uk/2020/02/btc-hold-trend-line-decline
Is Bitcoin likely to keep going down, in your opinion? Are you selling/buying it?
Maybe I should...but trying to forget it because even it drops (and actually it drops for sure) I keep it holding. I only have to buy Bitcoin if the price will fall back to $8k but it seems to be impossible to happen as we are close to halving event. If we could see dumps in the coming days, it actually be of normal correction and meant to happen all the time. So I have nothing to worry about it.

So close or not still there are possibilities that we will touch at $8k  although we are near to that since the current price is $8700  and yet there is a less or maybe no participation of the current holder since for now Chinese got struggles since they are facing a crisis, Hopefully they can recover when halving nearly comes so that we can see a another set of price pumps until it reach for another ATH.

Let's just hope for the best for everybody we all know that it is not China that is affected here if not all but almost all countries have been affected with this outbreak and it weakens the economy since a lot of flights were banned or cancelled. Tourism is one big chunk of an economies growth and without it the economy will surely suffer and when the economy is failing it will affect all that it linked or related to it. Anyways, lets just hope they will recover soon and hopefully the price will then go up.