Bitcoin Forum
August 17, 2018, 04:21:45 AM *
News: Latest stable version of Bitcoin Core: 0.16.2  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Two possibilities I can see for the medium term  (Read 20 times)
jerrysmith
Jr. Member
*
Offline Offline

Activity: 154
Merit: 0

Yes I am independent. Wanna make some difference


View Profile
April 10, 2018, 09:29:15 AM
 #1

1) We trade sideways for the next few months, bouncing around the 6-8K range.
2) We have one last convulsive move downwards, breaching the 5K level, maybe down to 3-4K.
I'm thinking #2 is more likely, and in the end might be the best thing as it will tend to clear out the "dead wood" investors (the ATH, low-information types who bought into the market around November-December without knowing what Bitcoin was).

#1 would be fine too, but I think it would mean a sideways market for considerably longer.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!