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Author Topic: Bitcoin market doesn't fall, is it growing steadily!? (thoughts and analysis)  (Read 426 times)
xfaqs01
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October 14, 2018, 02:17:44 PM
 #41

definitely growing, we just cant see it in the market because there is this we called OTC were institutional investors like yale, mit, harvard, and many more are buying bitcoin over the counter not in the exchanges so that the price wont fluctuate, price volatility is cruicial specially this coming novenber 5 when the btc etf will be approve by the sec

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October 15, 2018, 06:01:08 AM
 #42

Maybe it will, maybe not. Now no one can't say anything. Perhaps if price has had an impact on people in the past year and believe that it will happen again this year, we can see it again. But, it'll be just a psychological increase.

what you call "psychological increase" is only a small part of the market and the rises that happen overall. and this is only visible the most near the end of each massive rise. for instance you can say most part of the rise from $10k to $20k was a "psychological increase" but that is not all there is. and more importantly if you believe in this type of behavior of price then you should also believe in "psychological decrease" which is what we have been seeing in the past couple of months with the drop from $9k to $6k which created an under-priced situation.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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