Topic: Bottom reached, next bull run... (Read 205 times)
The recovery is going a bit slow, remember a week ago the current prices were considered a huge crash. I'm not satisfied with the recovery yet, I hope it picks up again.
There is no possibility of knowing what the Bitcoin bottom is at this moment. We have many challenges ahead. LN needs to work, governments need to be sympathetic to the project . Anything can happen. The reality is that we are always waiting for positive or negative news until global adoption. So in the short and medium term, it is impossible to know where is the bottom. In the long run, any day you buy will be buying cheap.
I also expect it, because that's what happened last year. Last year we all knew that there had been drastic price reductions down to 50%. But we also know that then after that happens, the price of Bitcoin goes up more than tenfold. I think it's going to happen this year. But I hope before that happens I want to collect Bitcoin as much as possible while I can. I hope I can find a way to collect Bitcoin as much as possible in situations like this because if Bitcoin reaches the lowest number, that means it is a chance to collect Bitcoin and the best chance because it is the easiest condition to collect. 
Bitcoin is not cheap to use, I find this a problem. The actual headline figure could keep rising easily if it was just easy and cheap to use, it doesnt matter that much if people are just transferring value at that time; only that its easy, fast, cheap. BTC fix that fee and we'll see positive most likely
Of course its possible, thats the free market and we have to judge supply and demand. We all know supply compared to previously is being constricted, however the last halving is well digested now. I remember everyone expecting a jump in 2016 from that but it took some time to arrive, normal lag effect I guess
Could easily retest new lows and drop to below $4K
Be prepared and vigilant all the time
Be prepared and vigilant all the time
Of course its possible, thats the free market and we have to judge supply and demand. We all know supply compared to previously is being constricted, however the last halving is well digested now. I remember everyone expecting a jump in 2016 from that but it took some time to arrive, normal lag effect I guess
So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.
So how high will the next bull run (2018-2019) reach? $50k? $100k?
So how high will the next bull run (2018-2019) reach? $50k? $100k?
We wil be lucky to reach $20k, which is a more than doubling from where we are now.
The money to push prices to $50k just isn't there. Not to mention bitcoin is losing ground to other coins on merchant adoption.
So in the short and medium term, it is impossible to know where is the bottom. In the long run, any day you buy will be buying cheap.
Bitcoin is not cheap in the long run it should be the other way around. People are buying when the price tends to dip down like what's happening this past few weeks. So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.
So how high will the next bull run (2018-2019) reach? $50k? $100k?
So how high will the next bull run (2018-2019) reach? $50k? $100k?
We wil be lucky to reach $20k, which is a more than doubling from where we are now.
The money to push prices to $50k just isn't there. Not to mention bitcoin is losing ground to other coins on merchant adoption.
There is no possibility of knowing what the Bitcoin bottom is at this moment. We have many challenges ahead. LN needs to work, governments need to be sympathetic to the project . Anything can happen. The reality is that we are always waiting for positive or negative news until global adoption.
So in the short and medium term, it is impossible to know where is the bottom. In the long run, any day you buy will be buying cheap.
So in the short and medium term, it is impossible to know where is the bottom. In the long run, any day you buy will be buying cheap.
I think Karhu is appeased with our offerings of selling at the bottom.
Now we have to retest 7500 for some time, before going to the 9000s.
Now we have to retest 7500 for some time, before going to the 9000s.
you can't time a market in a matter of days, especially one that's grown as large as crypto has. we have no real idea where we're at in the bigger picture. this time next month it might look very different and a lot more scary. no one knows.
Could easily retest new lows and drop to below $4K
Be prepared and vigilant all the time
Be prepared and vigilant all the time
So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.
So how high will the next bull run (2018-2019) reach? $50k? $100k?
So how high will the next bull run (2018-2019) reach? $50k? $100k?
You know that bitcoin price isn't defined by bullrun, then ATH, then bear run, then bottom, then bullrun... right ?
After facing such a drop I think it's more likely that we face a period of uncertainty.
People has got a better learning from the price crash. This has made majority of the users to realize the goodness of holding. Newbies too could have learned the real growth and the fluctuating nature of bitcoin. Because, people come forward making big money just on investing without knowing the risk of losing money. Rather than a crash, I believe that the bull run has begun.
So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.
So how high will the next bull run (2018-2019) reach? $50k? $100k?
So how high will the next bull run (2018-2019) reach? $50k? $100k?
Well to my mind the next bull run will be the recovery one but I don't even think that will reach the previous ATH before we see some 'crashes' again. I think it will be late in to 2018 before we reach a new ATH but let's wait and see. Before the end of 2019 I expect to see 50k bitcoin.
So it seems Monday was the bottom of the bear market. We should gradually recover, with ups and downs, over the next few months. I'd guess by summer it'll start hitting ATHs again.
So how high will the next bull run (2018-2019) reach? $50k? $100k?
So how high will the next bull run (2018-2019) reach? $50k? $100k?
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