As we know, Bitcoin had reached at it's peak of $19k during the end of the year and after that it went to a deep decline.
People are hoping that the same momentum will take place this year too. So if this happens, won't people be ready for buying at this price.
Or lets say if the price really goes high and when the year end comes, won't the people sell it before the decline arrives ?
If people start selling, don't you guys think that the decline will arrive much faster than the last year ?
P.S : My point is, we can't expect the price to rise and fall the same way as the last year.
We need to factor in why the price suddenly grow last year specially in December. Its because of CBoE and CME coming into the market. So people goes irrational that time. Buying its peak thinking that the price will continue to grow. So first I don't think that we can have the same momentum as last year because there will institutional investors coming in and second with so much talks of regulations amongst nation globally. So yeah, I would agree that we can't really expect that growth we have achieved last year this 2018. People are hoping that the same momentum will take place this year too. So if this happens, won't people be ready for buying at this price.
Or lets say if the price really goes high and when the year end comes, won't the people sell it before the decline arrives ?
If people start selling, don't you guys think that the decline will arrive much faster than the last year ?
P.S : My point is, we can't expect the price to rise and fall the same way as the last year.
