Topic: Bitcoin maturity ?!What do you think? - page 2. (Read 325 times)
I'm glad someone is enjoying the stability of BTC too as I've always been seeing people talking about the quick changes in price and their mourn while regretting to have entered the wrong trades. I believe that this stability is working like a charm and BTC holding a healthy price tag of over $10k and standing at it is just awesome compared to seeing it getting too volatile with $1k or more pump or dump moves. Although I think of that volatility to be an advantage as well as adventure for us, many people get rekt as well as liquidated when these things happen. So, it's better to trade in a range and enjoy the current stability too while it lasts.
The sign that it didn't go below $10,000 is a very good sign that this is not the right time to sell. If this continues and we'll see bitcoin becoming stable or slow again at $11,000 then it will be the time to consider longing it. For the holders, no intention of selling it.
But for investors who have hesitation if buying is still the right thing today, you will see when it goes slowly above the price that we have.
But for investors who have hesitation if buying is still the right thing today, you will see when it goes slowly above the price that we have.
But it did not go down to 10,200 more, and it went up again to 10,900 and fell again, but it did not go down to more than 10,400.
Well, you can see that the floor is tightening step by step, and I think this behavior is very good.
Good thing now that it didnt tend to go below 5 digit mark price which is great and we've been holding our position above 10k but doesnt mean that we would be holding like forever yet we have seen several instances
on going back even below further without any news or sentiments that had been involved in the market.So far we are on a moving sideways state with bitcoins price or even on the entire market.
When it comes to maturity then just let it be and better to utilize these movements for your profitability targets.Volatility is one of the main recipe on getting profit but also with loses as well thats why
minimizing the risk as small as possible.Stability? no, its just sideways movement or on accumulation level.
When I looked at Bitcoin behaviors from the beginning, it seems that Bitcoin is entering its maturity stage from childhood. You can see that from 2016 to 2018, Bitcoin was very exciting, but after 2018, the excitement decreased and became more logical.
In the general chart, it is characteristic that he has been able to keep above ten thousand dollars for about ten weeks now, and this is the longest time he has been standing in this channel and he has had a sharp drop in the past year because of the corona virus and he came back very soon.
It seems that Bitcoin has become a wise spirit. In the last few days, even a few negative news could not hurt it much, and you can see that it is rising. Last time, Bitcoin fell from 12 thousand to 10 thousand, but it came back to 11 thousand and poured again.
But it did not go down to 10,200 more, and it went up again to 10,900 and fell again, but it did not go down to more than 10,400.
Well, you can see that the floor is tightening step by step, and I think this behavior is very good.
And this stability is very good for bitcoin. I think bitcoin is worth more than ten thousand brushes instead of emotional growth and going to much higher channels, because emotional growth will certainly face a bigger correction.
In the general chart, it is characteristic that he has been able to keep above ten thousand dollars for about ten weeks now, and this is the longest time he has been standing in this channel and he has had a sharp drop in the past year because of the corona virus and he came back very soon.
It seems that Bitcoin has become a wise spirit. In the last few days, even a few negative news could not hurt it much, and you can see that it is rising. Last time, Bitcoin fell from 12 thousand to 10 thousand, but it came back to 11 thousand and poured again.
But it did not go down to 10,200 more, and it went up again to 10,900 and fell again, but it did not go down to more than 10,400.
Well, you can see that the floor is tightening step by step, and I think this behavior is very good.
And this stability is very good for bitcoin. I think bitcoin is worth more than ten thousand brushes instead of emotional growth and going to much higher channels, because emotional growth will certainly face a bigger correction.
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