To be honest, there is a strong possibility that bitcoin might see lower lows before the bull market continues.
The way anonymint and armstrong explain it makes sense from an objective point of view.
European bonds and debts collapse, thus creating a heavy money flow into the us dollar. Afterwards the dollar collapses too, creating more buying pressure for metals and crypto currencies. The economies are in full motion.
The question is, how will cryptos react in comparison to the euro.
I am satisfied with my current crypto holdings, but i am putting more money on the sides if in fact bitcoin drops to ~100$. I'm gonna start buying then at 130$.
I like this view of the dollar. The question is how the bitcoin value will react. One possibility is that it follows or exceeds the dollar upwards in value. That's what I
hope.
The other possibility is that bitcoin will react more like a valuable asset. In which case it will go down with houses, equity shares, fine art, metals and consumer goods, everything. Rising money value is the same as all prices expressed in that money type going down. This is what I
fear.
What I
believe, is what I fear, that bitcoin will be regarded as an asset. Still, I hold bitcoins, because I also fear being left behind if I get the timing wrong (I always get the timing wrong).