The cryptocurrency market has fallen by half a year since the highest point at the end of last year. Bitcoin has been supported for $6,600 twice, and this time the lowest point is $5,800, which is basically in the same position, and the market has gone down three times and many people have already sold their coins. The departure has already left. Not many people are willing to continue selling.
At the same time, we can see that almost all icos will lose money once they are listed, and individuals who participate in ico are few. But so far this year's ico amount has exceeded the sum of last year, what does this mean? Explain that it is not an individual, but an institution, because they only have so much money.
Therefore, at this moment, I believe that the market is recovering, the driving force for the decline is weaker than the driving force for the rise, and the market will have rising demand in the future. As long as it does not fall below $5,800, this conclusion will be established. So I choose to invest and buy a project that I think is good, using one-third of the funds. If it cannot be established, the stop loss will be sold and the opportunity will be found again.
Talk about your point of view, I hope to communicate with you.
You analyze very well in my opinion when not many people want to continue the sale, and then I am sure this is a right condition to buy Bitcoin in the market. I hope your prediction is correct.
