Ninjastic
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Board Speculation
Re: Now Lot of things to focus on BTC!!
by
Janation
on 06/06/2020, 06:43:27 UTC
Quote from: Twinkledoe on June 03, 2020, 08:12:50 AM
Quote from: slaman29 on June 03, 2020, 08:05:47 AM
Quote from: michellee on June 02, 2020, 08:58:37 AM
It is not easy to predict this time because bitcoin still at the search for a stable position at $10k now. But if there is nothing bad happen out there, bitcoin price can increase, and I guess that we will see another bullish trend for bitcoin. Or maybe we will see another correction for a while before the bitcoin price increase, and I hope that we don't feel surprised if the price is down deeper below $10k.

And I guess that stable position is impossible to keep. It looked like it would break out (well actually it did break out) and then suddenly got the dump, on some exchanges even to 9200. Looks like we are really going to have to fight tooth and nail to break and keep above 10000!

Wishing for stable price for bitcoin is really not possible as the movement is still fast and unpredictable. Even if we did reach 10k, it goes back again as there are dumpers that bought their btc below 10k, so selling at 10k will already give them profit.

I think this is just the norm.

There will be those people that will be selling at that point, atleast there will be a timing for those people that wanted to buy at a lower price. Volatility might be a problem but it is the reason why we are earning good profits in the past and until now. This is just a main problem for those people still not used to these changes.