Get ready haha! Pump everything in bitcoin.
Pumping everything in bitcoin? Checking out current the price of bitcoin, bitcoin is down some how.Whats going on mate cos it seems like you know something good will happen pretty soon, isn't it?
"Checking out current the price of bitcoin, bitcoin is down some how"
Are you trolling, Hulla? Or have you been sleeping under a rock? Explain exactly how bitcoin prices could be down when it is currently largely floating in the $750s?
It would be pretty easy to point out our current BTC price situation that would assist many folks to conclude that bitcoin is NOT currently "down", but maybe it would be better to let you go first? go ahead. I am waiting. how do you come to any kind of meaningful conclusion that BTC is currently "down"?
Ok mate, I knew the current price of bitcoin is far better than second quater of this year and if I said tthe price is down I meant the price of bitcoin as at Friday/Saturday was 765$. Roger that?
O.k... That clarification of what you meant by "down" is fair enough.
Likely, I am reacting with a bit more assertiveness than necessary because it seems a bit problematic to look at such short term price changes without putting those assessments into context.
Sure, it is possible that we could experience some never returning explosive uptrend in prices, but it seems to be quite more likely that we are going to experience several consolidation periods and even small retractions ... yet overall, we seem to be continuing to experience a considerable amount of ongoing upwards price pressures.. and our corrections since lower $600s have been largely insubstantial with continued upwards price pressures.
I surely don't have any kind of crystal ball, but it seems to be within reasonable possibilities that we could get another explosive upward leg into the mid - $800s... but also, we could experience a significant downward correction too... just to weed out some of the weak hands.... Currently, I would place the odds of another upwards 5% leg as slightly better than 50% as compared with a 10% downward leg.
Ok and that's still fair enough cos every successful business must accept debt. Though, the debt must not be much. However, savetherainforest said is time for new predictions. Does that mean we should be accepting something more bigger before the end of this year?
I doubt that any of us really know for sure, and if you rely on savetherainforest for your predictions, then you may be in a bit of trouble.
Regarding your point about debt, I don't engage in any kind of meaningful leveraging in my bitcoin investments because I think that is much too dangerous for me, and I think that there is plenty of opportunities to make a considerable amount of money in bitcoin without employing leveraging.
Regarding the actual price direction of bitcoin. We can see certain ongoing upwards price pressures and we see a lot of adoption. Yet at the same time, whenever we get continued movement upwards in the price, for example from lower $600s to upper $700s over two months without any kind of meaningful downward correction, we could reasonably expect that there is a possibility of a significant downward correction that could happen at any time, but that possibility for a downward price correction does not change the overall dynamics that there is a lot of ongoing upwards price pressures based on adoption and various developments.
Also, a downward correction, even though possibly and even technically expected, does not have to take place, so I personally don't really know where the price is going to go in the short term. I accumulate bitcoins with the presumption that in the longer term BTC prices are going up, but I also attempt to prepare my bitcoin investment in such a way that I can take advantage of downward price corrections that are likely to happen from time to time (and even at unexpected times).
