Feels like the time bitcoin was hovering around 200-230 USD. A small drop to 160 marked the end of the bear market that time.
Was the latest drop to sub 5000 similar to the drop to 160 a few years ago?
Topic: $ 5,800 is the lowest threshold for Bitcoin in 2018! - page 4. (Read 806 times)
But often times it is forgotten how he called $7500 as the best possible scenario for 2018, so he got it really wrong.
that is how it has always been. and it is why they still make random guesses on the internet. simply because when you make a prediction according to what people are looking for not according to reality and speculation, you can easily get some moment of fame. if it is wrong then you will be forgotten among millions of others who throw some guess out and if it is not then you get another shot at moment of fame
saying this now means nothing because now it is 100% clear that this price you mentioned was the bottom of the price.
it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.
it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.
There are many analysts or at least some that still maintain a lower bottom is possible. Tone Vays has been a bear for months and always says we are on death cat bounces whenever we start going up again.
But often times it is forgotten how he called $7500 as the best possible scenario for 2018, so he got it really wrong. This could be the same situation again but at the opposite, analysts like him are being too pessimistic and we may have already bottomed, so anyone following instructions to wait for lower prices will miss the boat.
saying this now means nothing because now it is 100% clear that this price you mentioned was the bottom of the price.
it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.
it would have been worth saying and worth reading about if it was being said back when the price was falling and only a handful of people were saying $6k is the bottom and price will stay above it even if it temporarily drops below.
For now , that can be specified from the bitcoin price chart on Bitfinex available on Bitcoinwisdom. Bitcoin prices have fallen between $ 5,800 and $ 6,500 several times in 2018 but has never lower than 5800$ before it reachs 5800$ last year.
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/
Source: https://blogtienao.com/5-800-usd-la-nguong-ho-tro-quan-trong-nhat-cho-bitcoin-trong-nam-2018/
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