I Dont Think We Are At The Bottom Yet For Crypto

in cryptocurrency •  7 years ago 

I Dont Think We Are At The Bottom Yet For Crypto

Its been a better day for Crypto Today but I dont think its fully bottomed yet

As you can see good figures today everything looking green.

But how long will it last well I think its still on a down turn I believe the sell off i think could go lower. For BitCoin I think it will in the next few weeks and months might test the low of $6500 as the confidence in the market is pretty low at the minute. That's the main the thing is to get the buyers confidence back after all the bad news that might take some time to achieve. It will not happen over night and I think it will be testing the HODLERS reserve first further. Before it goes up north of $10,000.

Its taken about 3 months to get to give position in the sell off so to get back to where were were it might take at least 3 to 6 to get back there so I think its a waiting game now build your stock pile and wait it out.

Are We Are The Bottom ? What do You Think ?

Let Me know your thoughts and follow and comment Thanks

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i m totally with you. In one of my blogs i wrote we will see two prices this year for bitcoin. The lower one will be around 5000$ and the higher one is nearly 60'000. I my my meaning we had a few more problems to settle first. so let.s see which is coming first. what do you think about this?
Greetings from the carrebean. mikeCee
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at the minute will $5000 get that out of the way first then will rise up again

we are waiting for a good news from crypto currency. i hope crypto will be back strongly as soon

we have to look at the overall economy as well. Mainstream sell-offs are effecting cryptocurrencies. It's all connected now (unfortunately).

I started with crypto 1 1/2 year ago, and I think your right. It doesn't feel like it is over. Are you daytrading? If so I would be really cautious right here. In the past we had always a big breakout and after that we have had a nice rally. But for now it feels very different.

You must of got some cheap coins then. I am not a trader are you ? I would lose my hat haha at trading. For sure could easy sell off again and go lower

Yes I got some, but I forgot to take profits when BTC was at 20k ;) So basically I´ve just held on to them and did many other mistakes. I´m currently learning about trading but for the moment I´m not good at all ;) It looks like it´s selling off a bit not sure how far it goes. :D

Silence before the Storm 👍

and I suggest to you about using Steem Sincerity extension for spam users.
you can check it from https://steemit.com/tr/@cashthekush/inceleme-steem-sincerity-tecruebem
it's written in Turkish by me, but I think you can solve it. 😅

Thanks will check it out

Very well and great Brother

nice post

What do you think about the SBD do you think will go up? I have many doubts about that and well many people say many things

The bottom price might be around $1.50 but i think there is a demand for freedom of censorship and you the product. Steemit has a few different product like dtube so I think will be rise back again maybe will take a bit longer

In my opinion everything looks great and let's hope for the more uptrend and in my opinion the positive discussion in G20 Summit regarding the Cryptocurrencies can boost the market. Let's hope for the great Crypto days. Thanks for sharing. 🙂

Good analysis and thought @newmarket65...
You may take your decision..

You are right @newmarket65

well information in bitcoin keep it up