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Author Topic: [2018-08-13] Bitcoin Price Falls Again, but Things Could be Worse [VIDEO]  (Read 34 times)
themerkle
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August 13, 2018, 08:20:43 PM
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At press time, the father of cryptocurrency has fallen by roughly $200 from where it was over the weekend and is now trading for just over $6,200.

https://youtu.be/0Mpdlzq3_OE

One source claims that bitcoin isn’t “doing too bad” when compared with other forms of digital money. The currency’s market dominance has shot up over 50 percent in recent days, while other altcoins continue sink into oblivion. Furthermore, bitcoin is very well supported, with support lines stronger than resistance lines. This suggests that the entity may be preparing itself for another price burst, and that the bulls are once again taking over. The next target figure is $6,450, which could then bring bitcoin back over $6,500.

Read More: https://nulltx.com/bitcoin-price-watch-currency-falls-again-but-volatility-doesnt-look-so-bad/
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darkangel11
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August 13, 2018, 09:48:52 PM
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Traders always fall victim to a permabullish or a permabearish attitude. I've been watching a number of them on YT and some are always focusing on the positive side of things, talking about supports and seeing every small attempt at bouncing back as a positive thing, while others are calling for a $5000 BTC, which is something they've been doing for months now. IMO they are stubborn and end up being stuck on that target price.
You can always say that things could be worse, even at $2 you can always say that we could be at $1. One thing is certain, there will be another rally, and whether you  sell at 6000 or at 5000 won't matter when it comes.
vy99
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August 13, 2018, 10:17:50 PM
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Traders always fall victim to a permabullish or a permabearish attitude. I've been watching a number of them on YT and some are always focusing on the positive side of things, talking about supports and seeing every small attempt at bouncing back as a positive thing, while others are calling for a $5000 BTC, which is something they've been doing for months now. IMO they are stubborn and end up being stuck on that target price.
You can always say that things could be worse, even at $2 you can always say that we could be at $1. One thing is certain, there will be another rally, and whether you  sell at 6000 or at 5000 won't matter when it comes.

I think this sentiment is even more extreme with Bitcoin because you have one side that wants to see it fail (e.g. banks, financial institutions, Buffet) and they're all about FUD and calling Bitcoin a "scam" or "ponzi scheme" but on the other hand you have the Bitcoin evangelists who have a ton of money in the coin and they do the opposite and it's always "lambo" and "moon" and anything else that makes it sound like we're about to hit $100k.

The truth is somewhere in the middle. Bitcoin is never as unstable as one side wants you to believe and it's not about to explode as the other side wants you to believe.

I'm not cool enough to have a fancy signature so you're stuck reading this
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