so many people got in at 7k so i think its gonna flatline for a bit arround the price and become the new norm.
no one wants to sell at a loss right?
Topic: Greed = Bearish, Long-Term-Investment = Bullish [Segwit2x cancellation] - page 2. (Read 646 times)
November 10, 2017, 03:56:36 AM
November 10, 2017, 03:52:34 AM
I don't think would-be investors were afraid of Segwit2x at all. Heck, most holders around here wanted it for the free coins, the future consequences be damned. There are not too many people who are actually knowledgeable about bitcoin, and only those knowledgeable people really feared Segwit2x. I could be wrong though, I would have predicted the price to drop after the fork cancellation, and it so far has not.
November 10, 2017, 03:25:20 AM
i think it should be the first one and then the second one,
but before we see another downward movement we will get a little pump/bear trap.
why ? because many people thought that way and always do the opposite,that is the rule for cryptocurrency.
because of the fork many people bought it in order to get a free coin when the split happen,
but in reality they made another decision,they suspended it.
if that thing lead a huge sell we should see it directly after we heard that news,but we did not right ?
that mean we're trying to make another move before the correction.
some people though it's a good news because we will not see the fork soona and the price should be pumping hard because of it,but bear it in your mind that Bitcoin price is at its peak right now.
and we never see a correction before,
but before we see another downward movement we will get a little pump/bear trap.
why ? because many people thought that way and always do the opposite,that is the rule for cryptocurrency.
because of the fork many people bought it in order to get a free coin when the split happen,
but in reality they made another decision,they suspended it.
if that thing lead a huge sell we should see it directly after we heard that news,but we did not right ?
that mean we're trying to make another move before the correction.
some people though it's a good news because we will not see the fork soona and the price should be pumping hard because of it,but bear it in your mind that Bitcoin price is at its peak right now.
and we never see a correction before,
November 10, 2017, 02:48:40 AM
The cancellation of Segwit2x may be a crossroads for Bitcoin's price: It could fall or continue to rise.
Why could it fall now? Because people may have invested in Bitcoin recently because they greedily wanted to grab "free money" from the Segwit2x fork. The fork won't happen (or would be very weak) and thus these people would sell. This would mean that Bitcoin is heading into a bear market.
Why could it rise now? Because people that haven't invested in Bitcoin in the past months fearing the uncertainty around the Segwit2x fork (e.g. because of the danger of a "stuck" blockchain), now feel safe to do an long-term investment. They buy. This would mean that the bull market will continue - to da moon
.
I'm still undecided which of the two theories is true. What do you think? Or are both of my reasonings wrong?
Why could it fall now? Because people may have invested in Bitcoin recently because they greedily wanted to grab "free money" from the Segwit2x fork. The fork won't happen (or would be very weak) and thus these people would sell. This would mean that Bitcoin is heading into a bear market.
Why could it rise now? Because people that haven't invested in Bitcoin in the past months fearing the uncertainty around the Segwit2x fork (e.g. because of the danger of a "stuck" blockchain), now feel safe to do an long-term investment. They buy. This would mean that the bull market will continue - to da moon
.I'm still undecided which of the two theories is true. What do you think? Or are both of my reasonings wrong?
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