Quote from: ethereumhunter on May 22, 2020, 02:10:04 PM

Quote from: dominos on May 22, 2020, 12:44:22 PM

Quote from: ethereumhunter on May 21, 2020, 05:53:58 PM

It's interesting because the bitcoin price now is going down. It seems the price cannot stay at a price now. I am waiting a good moment to buy more bitcoin at below than $9k if the price goes down into that price. But I hope that the price will not go down $9k because that can make people become panic, and that can make the price will go down deeper.

I get your point, but going down to $9k or even $8,5k yes, it is a big drop in terms on BTC price in short period of time, but it's not a level to cause a panic from people and bigger sellout. I think $8k level is more important.
Don't worry some correction is healthy in a bigger scale picture of BTCUSD price.

Bitcoin already reaches below than $9k, but now the price is going to strong so we can hope that the price can go up again. Even though the price still can go down, but we should be an optimist to see the bitcoin price will reach the highest price again someday. If the price is still at a price now, I think we don't have to regret because we have more chance to buy bitcoin at a price now so we can sell at the higher price when the price increase.

It doesn't have anything with an investor being optimistic or pessimistic because this emotions are generated by the market price action itself.
I would be more looking, which is really interesting if there is going to be a major shift in bitcoin dominance in terms of altcoin gaining more of it, because this will lead to more risk taking and more positive price action in longer term for the whole market.

dominos

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