the only reason that you can see people being sad and disappointed in the current bitcoin price is that those people were hoping to become rich in a week after they bought bitcoin and since that dream has not yet happened they are mad at bitcoin.
Actually when price pumped to $780 before the halving people started to expect that now $1k will be easily achieved and hoping that they started to buy coins, but unfortunately price started to drop after that.
I was even seeing people thinking the price to reach $2000 and up. That's how a hype works. It makes people buy into the momentum, even though the price was nearly at it peak as soon as it went over $700-$750 back in June. I am glad nearly all people have calmed down and lowered their predictions. And yes, there are still some people here thinking the price will reach $1000 this year.
Agreed. Unless you're a good day trader it's foolish to buy when the price is shooting up. Now is the time to buy, or when the price is dropping, or flash crashing. I do think we will see a slow steady upward trend/pressure on the price over the next several months though just because we have half the number of new coins being mined per day now.
I doubt we will see a slow and steady increase.Bitcoin always tends to react very emotional.So with the next bullrun we will again move up quickly with people trying to push it even more and others trying to take their profits out the market.
Movement in the market is what traders love.And they again will get it.It's just a question of time.Maybe now we are seeing again the calm before the storm.
