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Topic: Bitcoin - Recovery or bull trap v.2018 ? - page 2. (Read 370 times)

hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
February 11, 2018, 01:46:24 PM
#6
Bumpy recovery but it always is, Bitcoin is famous for its volatility!     Its a high risk move and nothing big should really be expected until the end of Chinese New Year.    Quite similar to last year this time, we had some sell off but only a real move towards Feb end onwards.




And the ending of the lunar new year is ending at 16th of february, as much as I know, tho I doubt that anything big will be happening until the mid of march. Also, someone posted about Yuan crashing here, don't know if this will have any impact on bitcoins price in the next couple of months, like a slight drop in price due to yuan weakening a little.
STT
legendary
Activity: 4102
Merit: 1454
February 11, 2018, 01:37:44 PM
#5
Bumpy recovery but it always is, Bitcoin is famous for its volatility!     Its a high risk move and nothing big should really be expected until the end of Chinese New Year.    Quite similar to last year this time, we had some sell off but only a real move towards Feb end onwards.

full member
Activity: 280
Merit: 105
February 11, 2018, 01:21:42 PM
#4
My guess is recovery, the timing doesn't seem to be right for a steady decline in the market. The crypto user base and its exposure have both grown tremendously in the last year, logically you would think 2018 would be a great year to build on that instead of to decline.
legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
February 11, 2018, 01:17:03 PM
#3
original post from 2013:
Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...

Boy I sure hope we'll reach a new ATH this year, similar to 2013.

I'm cautiously optimistic right now too, seeing how USD 8,000,- is holding up fairly well with USD 6,000,- looking like a double bottom. I guess February is going to be critical. If we break below USD 8,000,- again, I doubt that USD 6,000,- will hold and the downtrend might continue. If we manage to break above USD 10,000,- however, or at least stay above USD 8,000,- until the end of the month, I think that we might actually look at an uptrend again.
member
Activity: 72
Merit: 10
February 11, 2018, 12:40:56 PM
#2
original post from 2013:
Is this the start of a recovery or a bull trap?

I'd hope for the first but I'm still confused...
member
Activity: 72
Merit: 10
February 11, 2018, 12:32:02 PM
#1
Is this the start of a recovery or a bull trap?

I bumped into a post like this from couple of years ago and thought maybe to revisit this vote again Smiley

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