I'm desperate for bitcoin to go back up. I stand to lose everything. When do you think we see bitcoin climb steadily? It's been on the decline for months now. HELP
Why the desperation? Do you have bills to pay or do you just want a quick payoff?
I think it'll be a good while before we're back over $1000 but the weight behind the ecosystem grows daily as do the number of scumbags being cast aside.
Yes I will need to sell within the next few months to pay some bills. I owe the IRS and therefore am going to be behind budget for some time to come. Also need some summer tires. I just need bitcoin to go up within the next few months. I can't wait a year. I'm so desperate. And I'm not as informed as some here. What I don't understand is in October and November we'd see huge drops but just as quickly we'd see huge gains. They all seemed to come pretty close to each other. If it dropped $100 in a day, no problem because within a day or two it'd go right back up and maybe even higher. This time around it's a GRIND. And the only fast movements seem to be down, not up. The only quick rise was that bounce up to around $700 a few weeks back. Other than that it's been very depressing for someone in my position.
If your time frame is the next few months I think the scope for relief is likely to be OK. It's not going to do anything fun for a while but some very exciting developments are rumbling away in the background that'll make everything that went before it look like amateur hour.
If you had to pay your taxes a couple of days from now then it would be time to panic. Is your average cost per coin significantly higher than now or just a bit?