Post
Topic
Board Bitcoin Discussion
Re: To be Fair I think bitcoin will go highest highs and then will collapse
by
pixie85
on 26/11/2020, 22:24:05 UTC
Even if prices fall, many traders will wait for prices to rise later highest highs and then will collapse is one of the most secure currencies and the high demand for this currency helps cryptocurrencies. Although the situation is the same in the case of XRP, but the price of currencies increases depending on Bitcoin.

Considering that it almost touches the ATH few days back but from there on if we look slowly it started falling only and today went below 17k and now around the same price it is trading. So if we see this sort of thing happened in 2017 as well when it kept on falling and if it further falls then it may drag even below 15k which means going from bad to worse which we do not want to see that happen.


You feel like going back to 15 thousand or below is going from bad to worse? Please! We were there a couple weeks ago. Is your memory so short that you feel like going back to a prices from October in November is a disaster?

In stocks it's a normal thing, the market goes up 10% and then falls 10% and it's never a disaster. A disaster is when it goes up 10% and falls 20% but a correction after a rally is a daily routine for evere asset.

In 2017 we were in a bull market for a year first breaking the old all time high and then reaching a new one. This time we haven't broke any ATH and the bull run lasted 2 weeks. You're comparing apples and oranges.