Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Farmer Bill (1)
Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price. 
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.
And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.
Next levels:
700$ ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k
and enough.
We don't know where the bottom will be, but if there is one certainity in life it is that the central banks will always print and the governments will always do fiscal spending packages. Therefore eventually the price will go up (along with every other asset known to man). The only thing we/you have to be sure of is "can I hold, without selling forever if need be?" if your answer is yes, everything will be good.
As I mentioned above bitcoin price rises have a lot to do with increasing supply of fiat currency. And the monetary system requires ever increasing amounts of fiat, It's just how it was designed. Increasing fiat supply is therefore guarrenteed. If it doesn't we end up with a Soviet style collapse. The CBs and Govs are never going to let that happen. So brrrrrrr