-snip-
... I would rather just go up from here, but seems like there exists some short term down momentum... how low it will go remains another to be determined matter.
Why it would go up please? I don't understand...
You sound a bit like a troll asking such a terse question, but for now, I will give you some benefit of the doubt, since I don't recognize your user name or having had posted in these here parts, previously.
In the short-term, we cannot always determine exactly BTC's price direction, and there is a bit of an inclination that BTC's price continues to move in the direction of the momentum that it already has until it no longer does.
Regarding BTC's medium to long term price, the pressure remains UP, and you can look at BTC price prediction models and information related to those price models which would include: 1) stock to flow, 2) four-year fractal, 3) metcalfe's law and networking effects pertaining to s-curve exponential adoption and 4) other similar models.
If you do not understand the meaning of these models and you believe that they are purely theoretical, then likely you need to do more studying of bitcoin. Surely there is a decent amount of truth that past performance of any asset does not guarantee future performance, and none of the price prediction models that I listed really rely on BTC's past performance, but past performance remains helpful to them in analyzing the models and where we are at in terms of those various price prediction models (looking at either time or price).
Do you have any other models or theories? Do you believe that BTC prices are going down or going to stay flat in the coming 1-3 years? How about 5 years? What do you expect?
I am frequently asserting that nothing is guaranteed, including bitcoin, but even if the price direction of bitcoin is far from guaranteed, there remains a decent amount of strong evidence that any person that takes bitcoin seriously and puts a bit of their assets into bitcoin, such as 1-10% of their investible assets are likely in a good starting place, even though individuals are going to vary in terms of some of their financial abilities or even assets that they might have available and able to invest in bitcoin.
In any event, bitcoin seems to be a very asymmetric bet, towards the upside... so good luck to anyone who has NOT yet come around to understanding the asymmetric bet concept... you
(lacking in understanding peeps) are going to need it
(meaning luck).
Why it would go up please? I don't understand...
Cos it's
BTC.
(btw, JJG didn't say that)
You seem to be suffering from the
shitcoin syndrome.
Wish you a quick recovery.
True dat!!! martyMC seems to have been engaging in a bit of a twisting of words, and maybe I should have restrained my lil selfie from taking the bait... I see that with some of his continued stupid-ass posts on the topic that do not really seem to add any value, just ask dumbass questions as if we were in 2011 when hardly anyone understood bitcoin, at all. We are NO longer in those earlier days, so excuses for ignorance are NOT as acceptable... even though I do accept that there are genuinely a lot of people in the world who are quite susceptible to misinformation and disinformation regarding bitcoin because they do not know enough about the topic.
