What do you think is the lowest point BTC will hit the next two years?

milewilda

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Quote from: BillyBobZorton on June 24, 2018, 06:29:13 AM

Judging by technical analysis based on previous resistance points, I very much like the idea of $4900 being the bottom, and I think there are high chances that will be the lowest Bitcoin will ever be for the rest of time, because people are starting to get real worried at continuing gambling waiting a perfect entry point and FOMO will kick in creating a big green candle, and we will go back to $20k+

Worst case scenario, $1300 will be re-tested again. At that point anyone with a brain will be going all-in, selling their house, car and everything, because it will never get as good as that when it comes to entry points.

$1300 support is already too low and yes this can really be seen on technicals but before we would able to hit up that range we would still need to pass up lots of supports specially on that $4700-4800 price point but hitting up again that price would be somehow hard to believe. We have seen price do drops off in 5900 ranges and wont able to go down even more. We dont know if this would be just a bull trap or accumulation period already readying for the reversal or prices.

bitllionaire

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Quote from: loicuagio1979 on June 24, 2018, 07:16:55 AM

There is a small chance that the market situation will improve in the short term because btc lost it supported areas quite easily. The current chart shows that there has been a steady decline in middle-term. It's not easy to place selling orders to cut loss because it's too late but it's very difficult to keep calm. The best method, I think that, go away and do nothing, what must be must be

Bitcoin still has a very strong support from their investors, and that is the reason that its price is still trading so much stable, i think that this is the hardest situation for bitcoin and once the hard is over once again we will see a tremendous increase in bitcoin price, because still new people are joining bitcoin and the still showing their interest in bitcoin to invest their money.

BillyBobZorton

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Quote from: trumper on June 24, 2018, 07:02:18 AM

Quote from: BillyBobZorton on June 24, 2018, 06:29:13 AM

Judging by technical analysis based on previous resistance points, I very much like the idea of $4900 being the bottom, and I think there are high chances that will be the lowest Bitcoin will ever be for the rest of time, because people are starting to get real worried at continuing gambling waiting a perfect entry point and FOMO will kick in creating a big green candle, and we will go back to $20k+

Worst case scenario, $1300 will be re-tested again. At that point anyone with a brain will be going all-in, selling their house, car and everything, because it will never get as good as that when it comes to entry points.

Those people would still lose because a smart investor never sell its house for such investment, when they sell their house for bitcoin investment at $1300 it would crash to $600. If they are so smart and risk takers they would sell their house for bitcoin right now. If it crashes to $1300, $6000 would be new $20.000

An investor that wants to go extreme mode and sells house + car + other goods in order to go all in first understands what he is investing into, or that is what I like to think. People that are stupid enough to do that without a lot of research and TRUST in what they are investing are insane and will end up selling at a loss out of fear.

The people that went all in in $1300, there's no problem if you can hold through bear markets. If someone wants to do that now, they must be able to hold, even if we crash from $5900 (current price) to $3000, if they can't hold, they will sell at a loss out of panic.

loicuagio1979

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There is a small chance that the market situation will improve in the short term because btc lost it supported areas quite easily. The current chart shows that there has been a steady decline in middle-term. It's not easy to place selling orders to cut loss because it's too late but it's very difficult to keep calm. The best method, I think that, go away and do nothing, what must be must be

kakonhat

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Merit: 11

Crypto in my Blood

If we look at the back history of Bitcoin then we can see more worried chart occurred. I won't tell more just I will say one matter that according to past history of Bitcoin this is normal happening. We know that cryptocurrency is too volatile than other markets. So wait and see. No need to worry about the price.

trumper

full member

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Quote from: BillyBobZorton on June 24, 2018, 06:29:13 AM

Judging by technical analysis based on previous resistance points, I very much like the idea of $4900 being the bottom, and I think there are high chances that will be the lowest Bitcoin will ever be for the rest of time, because people are starting to get real worried at continuing gambling waiting a perfect entry point and FOMO will kick in creating a big green candle, and we will go back to $20k+

Worst case scenario, $1300 will be re-tested again. At that point anyone with a brain will be going all-in, selling their house, car and everything, because it will never get as good as that when it comes to entry points.

Those people would still lose because a smart investor never sell its house for such investment, when they sell their house for bitcoin investment at $1300 it would crash to $600. If they are so smart and risk takers they would sell their house for bitcoin right now. If it crashes to $1300, $6000 would be new $20.000

googs84

sr. member