It depends: (1) what is your average price?; and (2) how much does this investment represent in your total savings/portfolio?
Answering your question: no, I don't believe BTC will touch the 6,000 level
Topic: do you think bitcoin will go back to 6000? should i sell now? - page 8. (Read 1088 times)
do you think it is going to 6000?
bitcoin will never ever go up again
the reasons are:
1. technologically outdated, there are better and faster tech basis available, why by bitcoin when its price rise nimbus and hype is gone, and its tech is outdated? do people still buy iphone 1s or old mobile phone?
2. still high costs.
3. slow.
3. propagandistic competition, there are more than 1500 coins now, that challenge communist rule via central banks, the original small bitcoin community is gone an entire new decentral financial market is now in existance
and those holding the altcoins dont have reasons to talk good about bitcoin
do you think it is going to 6000?
It's always tough to predict these things. Two ways to think about it are in terms of fundamentals and in terms of technicals.
The Fundamentals are the business value of the investment (Bitcoin, in this case). How strong is Bitcoin's utility for the future? Does it still have a place in this cryptocurrency market? It this investment world?
The Technicals are the movement of the price and how it can dictate future supply and demand behavior. In this topic we look at the price charts over several months and identify where there are stalls and spurts in the price direction. The stalls where price is stagnant for a period of time form bases of support or resistance. The spurts, where prices rise or fall over short periods of time represent breakouts or breakdowns (through the base of resistance or support, respectively). The last support level was $10,000. We broke through it and now we've fallen to the mid $8,000s. The next support level is $8,200. If we break through that mark, we could fall to $5,800.
But...will it happen? Who knows. That's where the fundamentals come in. The fundamentals keep you holding on to a good investment, even in the bad times.
When in doubt, double down!
do you think it is going to 6000?
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