After $20k all time high of bitcoin price, as of today it is trading under $14K ($13253 in bitstamp currently). It might be the biggest down in dollar amount for bitcoin in recent history.
My thoughts is that it will again bounce back and stay in solid 18k to 20k before the end of the year,and people who already bought them at higher amount do ''stoploss'' and sell your bitcoins hold it. As for new buyers may this a good time buy some bitcoins and lock in some profits for later when the market again bounce back.
But they are all my thoughts what you guys think steemians please comment down your thoughts and opinions.
Do not forget to upvote and resteem thank you :)
I would expect it to go up again, the long term trend is going that way. Hard to guess when the top might be, I've never been good at doing that.
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yes long term perspective it does not matter it will bounce again, maybe we will talk about bitcoin dipped from $100k to $90k next year...
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@originalworks
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I bought a bunch of bitcoins when it had its dip at 5k,so i held when it was $20k so no problem holding on again
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good for you mate :) and thanks for the resteem
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I think your right Btc seems to be leveling out so we can all buy more then its gonna shoot up to the moon lol
along with Iota Eth and Ltc
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Personally I hope it drops more before tmrw. Tmrw will see great fluctuations in prices
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yes downtrends and also uptrends are hard to pinpoint when it will stop, but i think long it does not matter for now
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What are your thoughts on the Wall Street investors entering bitcoin tmrw?
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for me i think they will try to push down the price :( as most of theirs investments are on mainstream platforms and also wall street will allow to short on bitcoin price.. so i think it's bad for us crypto heads...
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That’s what I’m thinking. I dont think they will hold their coins, i think they will buy, ride the price up and then dump the coin for profit. They wont deal with bitcoins natural volatility well because in the stock market, there is little volatility
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After reaching a new historical record on Friday afternoon, above $ 18,000, Bitcoin then entered a correction phase, which seems logical following the sharp rise this week.
It remains to be seen whether the arrival of Bitcoin futures, which will be offered tomorrow to customers of the Chicago Board Options Exchange, will have an impact on its price.
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This post has received a 0.28 % upvote from @booster thanks to: @kazish.
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