Post
Topic
Board Speculation
Re: Seems like the bullrun is over this year!
by
TimeTeller
on 05/12/2020, 23:53:29 UTC
3 days ago yet the market is tumbling.
Bitcoin is not supposed to go up every single day of the year! This is not some pump and dump shitcoin that is here to give people quick profit before it dies again. Adoption and rallies take time, they can't happen over night.
Over the past 30 days price has gone up 42%, what else do you expect?

Of course, you are right but I remember what happened in December 2017 just like yesterday.

The reason why I'm asking is that, most people cash out in December and that may cause a major market crash.

The market still going sideways as it gives the impression that bitcoin will go down and will go up, as the support and resistance levels are both resistants at the moment.
The bull run isn't over yet and your daughter's money will recover as long as you're willing to wait, set a goal to sell, and be prepared to cut loss if you can't wait for months.
However, bitcoin suppose to reach the ath in the next year, probably around $30k-$50 and some predict it may reach $100k.

It seems that the OP is hoping for get-rich-quick here. You can't expect to earn high profits in a matter of days.
If he's into crypto since 2017 (as what the profile says), then, he knows how btc market behaves.