Quote from: freightjoe on August 09, 2018, 10:38:00 AM

Quote from: Vineeta2oct on August 09, 2018, 10:31:30 AM

Quote from: freightjoe on August 09, 2018, 10:26:57 AM

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - 7 Apr: 6.600$

Peak - 5 May: 9.800$

Dip - 28 Jun: 5.800$

Peak - 24 Jul: 8.400$

Now we are at 6.200 going down to the next even deeper dip

This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral

Maybe you're right but what if Bitcoin ETF gets approved? There will be new money in the market, demand of Bitcoin will increase and so will the price.

No. Everyone who ever wanted to own Bitcoin basically jumped in when we saw the ATH of 20.000$ thinking they could get rich quick. There are no new possible investors out there. And as more and more Bitcoin owners begin to realize that we will never get back to the bubble-high of 20.000$ they are slowly leaving. Bitcoin-believers then "buy the dip" as these people slowly exit, causing the price to go up - but these peaks are getting lower and lower because there are fewer and fewer people involved.

Most of the Bitcoin goers with free funds or allocated budget for investing in BTC will do this thing, they collect every portion they can buy from this people go slowly fading away and getting out on crypto line! So buy! buy! buy!

Oliveir

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