Hello Steemians!
Here's a post showing BTC scenario and What should you do?
The below image is showing on BTC journey to 20k and back to around 6-8k(the present)
According to the below chart BTC failed to break the blue line(drawn) and after touching it shows downfall.
After the last attempt it has not shown much downfall which was expected. Let's see how it reacts in next few upcoming hours .
We need price to breakout above the two important lines and levels for confirmation that the market hast started the uptrend and going to continue the same.
How December hike and the dip in Jan-Feb affected BTC?
BTC has eventually gained popularity and many media channels all over the globe have covered about BTC.
This is the time to collect BTC as we won't see BTC in such lows in the upcoming future. Big companies and whales who know the potential of BTC are already doing the same in this dip.
The Market Cap scenario
Here we can see the Market Cap of from December on (CoinMarketCap)
The highest was recorded on Sunday, Dec 17 2017 which was around $335 Billion.
The lowest was recorded on Tuesday, Feb 06 2018 which was around $102 Billion.
Here in this image BTC is compared with the psychological trading cycle that goes on/ trader faces!
In this image as we can see the BTC chart is almost following the Psychology of a market cycle and about to start the uptrend, So no need to panic, HODL
What to do?
As we all can see BTC is not breaking the line.
So for now you all can wait and hopefully we can see BTC cruising upwards in next couple of months.
We all know PATIENCE is the key and Good things take time.
If you are an expert/experienced in trading and know how charts work or been in touch with btc latest news
Do buy/sell to increase your btc stock!
And if you have lack of knowledge about the same
Buy btc at every dip and store them in offline wallets because in the upcoming future there are huge possibilities that btc will cruise upwards and there are less chances of btc coming back in 4 figures!
I have posted some charts and have expectations/assumtions on how BTC will react in the upcoming period. However, No-one can predict the market accurately.
Invest only that part of money which you can afford to loose.
Thankyou,
Please donot forget to Follow me -> @msteemian to get daily updates
Good to see it trending up. As long as we see volatility in the stock markets, that should be great for cryptos.
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I am a strong believer of cryptocurrency. Finally, its recovering from all the bad news in the market for last one month. All related to regulations and hacking. Many of you may not be knowing whats wrong with cryptocurrency which leading to crash. Here i have listed the major reasons for major crash in january and February 2018.
Cryptocurrency prices are largely driven by news events.
Let's talk about some bad news which recently resulted in a huge price drop in the value of Bitcoin and other altcoins in February.
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This is an excellent summary which lists the negative news surrounding the downturn.
It would be good to see a list of the positive developments as well.
Where I live, Switzerland, the authorities are doing all they can to promote the growth and use of the blockchain and to position themselves to be the number one crypto nation.
Such projects as cryptopolis are helping to lead the way by offering a liaison between government and crypto projects.
An excellent example of integration with Fiat can be seen with the lykke platform.
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Please, please please, place all your coins in a digital save on the internet, what can go wrong?
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Thanks for your comment. I will come up with a new blog post with all the positive news which is adding up now to raise the value of Bitcoin and all other altcoins.
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Never forget that the news aren't really playing a big role in this market :)
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So what is the additinoal factors which is driving price? Do you think whales are paying bigger role compared to news?
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It's more about emotions and how people with big influence behave. So whales are pretty right. But don't forget things like this: https://steemit.com/news/@genblockchain/is-this-the-crash-my-experiences-say-or-genblockchainnews
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nothing to worry btc will reach to 20k again
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I agree
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You are right and if you go watch my video you will be surprised how and why. I could change the way you are buying right now. check it out and let me know what you think. https://steemit.com/cryptocurrency/@probizranker/bitcoin-major-historical-event-about-to-happen-soon
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This comment has received a 3.13 % upvote from @speedvoter thanks to: @jassi.
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Great summary - followed...
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Thank you for your support.
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Your observation is nice but I think that there is much simpler reason for BTC drop. Market went too far too fast and many people cash out their gains and wait for this drop.
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I agree @cicbar this was a normal retracement as the price had spiked too quickly we have seen this many times with bitcoin over the years but as the technology is still evolving the long term trend should still be on the way up. Although I'm more interested by the innovation than the price.
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your in it for the tech. Riiiight. ;)
hahaha jk man.
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You spoke my mind succinctly! Couldn't have said it better @cicbar
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It is absolutely true that price was up many fold without any reason. But people were still interested in purchasing at high price. The one point apart from all the regulation and hacking which I missed is that cryptocurrency is not like regular investment where investment is done by big agency, professional investors and venture capitalists. They have good understanding of the market and future. However, cryptocurrency is different. This is because most of the investors in this domain is common man who purchase cryptocurrency in hope to encash these in coming future when price will go up. However, common man don't have lots of money which they can live without. They are always nervous when price goes up or down. Any bad news like one of above spread in market which makes these people very nervous and they want to save their loss. So they sell their cryptocurrecy if market is going down. Similarly, if market is too high, these small investors thinks that they are done with current gain and lets sell whatever they have to make quick gain. They hope that price will come down again and they can purchase it later (just like trading which is very easy now a days because of easy interface in multiple exchanges like GDAX and Binance). So huge number of such small investors like us, we are always going to see great market volatility and most of those fluctuations will be because of the market news. Any sudden bad news can stop currently improving prices of cryptocurrencies.
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be careful when you say it is recovering. If you look at the last few weeks we have gotten a little bit of upside and then right back on its correction. We might have just a little bit more left to go. I hope not but i think it is good be stay cautious. These are deff great prices at an almost 50% discount or more. So in the long run i think this is great! Enjoy!
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Yeah, still price is very low and its not recovered completely. It may be a good opportunity for newcomers. My advice should not be considered as financial advice as this is just my personal opinion and I am not responsible for any loss of investment. Personally If I have some money which I can leave without then I will take benefit of this low market and buy some Cryptocurrencies. Litecoin would have been on top of my list but I would have also consider Ripple, Stellar Lumen, Verge, IOTA, Tron, Ethereum and some bitcoin. I would have keep looking at price and will make decision when should bet my luck on purchase. Price may still go down further. So keep watching the price and if you are ready to invest then catch the lowest possible price. But remember cryptocurrency investment is a risk and such crash can be in future as well. But gain can also be many fold. So its totally game of luck.
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gotta have them disclaimers in there!! hahaha and Whoa look at the market today! Litecoin up 30% over night! Thanks for the reply and i agree with you completely. This is a great opportunity.
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Yeah, Litecoin is skyrocketing. This is because of the scheduled launch of LitePay. For more information please read this article.
https://steemit.com/litepay/@sumanpuja/litepay-is-coming-one-of-the-best-time-for-litecoin-lovers-don-t-miss-the-opportunity
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Also there is an upcoming fork of litecoin. Lick it or not. I do believe it is having an effect on the price.
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Yes, you are right. I have written about it in my recent blog article.
https://steemit.com/cryptocurrency/@sumanpuja/get-ready-for-some-free-cryptocurrency-plan-making-10-litecoin-cash-every-owned-1-litecoin
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The coins tend to suffer the most in the first two to three months of the year but it later picks up and goes on well take a look at the market around this time last year you would notice a little instability in price then notice how it has gone over a 1000% before the end of the year. So I would say give it time and it will become more stable and grow
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Yeah, you may be true. This may be because this is the time for tax filing and everybody may be hiding their potential gain and they don't want to get caught into trouble with tax authorities. One tax season gone, everybody will come out to play more and take risk to gain many fold.
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Yes! I agree. Thank you. I'm tiered of hearing about people looking at charts and talking as if they can predict the future price based on patters. That is ridiculous, this is not black jack. There are way more factors that effect the price. There would be a ridiculous amount of rich people if pattern recognition was they key to figuring out the future price of a cryptocurrency or stock.
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Since when the new actually explained what happened let alone "driving" the market?
IF it did "drive" any market, it is no longer news.
Most news, if they are actually correct or accurate, is "a day late and a dollar short" so to speak.
IF you invest in response to new stories, you will almost always do the wrong thing.
Investing in anything, it is critical to not pay attention to news "analysis" and stick to a well researched, and well thought out game plan. Just as in sports - play your game and the scores will take care of itself.
Two things:
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Endure the guys left a little bit since February, bitcoin will be strengthened and by spring it will gain strength!!!I'm not a prophet, I'm just analyzing the market !;)Bitcoin the king! And behind him grows steem...
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you have consolidated the information for everyone to go through the state of cryptocurrency all over the world. it is really helpful for other investors for sure.
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omg too much earning how is this possible ???????????????????????????????????????????????????????
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I know why bitcoin will fall wildly from January to February this year because Chinese people are massively selling bitcoin in their hands and Chinese are going through the New Year as they did on December 25, 2017 So on December 23, 2017 Bitcoin bitterly falls, I have this screenshot of Chinese selling bitcoin evidence that they posted in WeChat's circle of friends, if I can receive 1000 likes, I will publish screenshot evidence. Amount, my bandwidth is not enough.
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Tether
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Yes, but bad news about tether is in market since long time much before this major crash. And real bad news about tether has come after major crash. During crash tether was standing at $1 comfortably. Still its not deviated a lot from $1. So I don't think this is one of the major reason for crash.
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no fud, We must promote news that promotes the use of cryptocurrencies and not scare away new investors, so join my NO FUD campaign
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I agree but all coins have both side. We cannot only have one side of the coin. As cryptocurrency or any other investment is a risk so people should know the involved risk before taking any decision. Their hard earn money is at risk which should not be wasted just in hope.
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What we all can do is HODL and trust it otherwise it will create more chaos and then we might face some hardships.
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True story, in a few weeks we'll be talking about the fact that "we survived" #HODL
Check this Tshirt out!
http://bit.ly/2EwVRjq
Good luck and may all our investments go TO THE MOON!
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ahahaha I'm definitely getting a "I survives january crash" and "#HODL" XD
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This is sick af
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BITCOIN IS TAKING OVER! Thanks for this post. I call it financial guidance @msteemian
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Cheers!
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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I'm Hodling many positions and waiting for things to turn around. Gotta have faith
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Good things come to those who wait! ;)
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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I wonder if the price will peak a bit earlier this year as people sell off expecting another post-xmas downturn?
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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Yes, Agree with you mate.
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upvote and support pleas*e
---> https://steemit.com/@serpilgunduz
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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Wow, thank you so much, msteemian! This post was short but very informative. I am new to this topic. This post has peaked my interest in the topic and got me into it. I am now thinking of buying BTC but I don't know where I should get started. Do you have any suggestions?
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i downloaded the exudus wallet great wallet that stores about 20 coins including bitcoin easy to download but does not connect u directly to the blockchain i also downloaded daedulus wallet only for cardano coin this wallet took me 12hrs to download as it linked me to the blockchain my computers old too so don't know if this can b faster once u have your wallet get on an exchange like coinbase this can take time so if u know someone that is already on an exchange they might be able to send u crypto it worked for me...thats been my journey for now.....have a good one
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Here you go.. https://steemit.com/cryptocurrency/@sumanpuja/a-comprehensive-guide-to-cryptocurrency
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Soon I will be publishing a comprehensive guide on purchasing cryptocurrency. I have almost compiled everything and article is almost ready. I hope to publish that in 1-2 days. Please follow me to get article update.
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Already published, You guys now can read the article on my profle https://steemit.com/@sumanpuja/
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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In the mean time watch Magical Crypto Friends : https://steemit.com/bitcoin/@sames/magical-crypto-friends
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Nice post i just shared some important tips about bitcoin now. Check it out and give your opinion https://steemit.com/bitcoin/@bafspotlight/5-tips-for-successful-bitcoin-trading
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You may want to buy more after you watch my video about the major event thats coming. https://steemit.com/cryptocurrency/@probizranker/bitcoin-major-historical-event-about-to-happen-soon
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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I do hope you are correct with your analysis and BTC starts a bull run again.Its been a very nasty beginning to the year and when BTC bleeds, all crypto bleeds.I am still confident we will see new highs this year.
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I completely agree. I have been in the game for about 24 months but have learnt a lot along the way. If you look at history and the future we are in a very small time windows of where this will be in the future. When credit cards came in there were skeptics and now look, almost each and every person has at least one or more. Many of what they call 'future' technologies were frowned upon at first and and hit all sorts of barriers. I truly believe that Bitcoin and many other cryptos are the way of the future. Whichever way you look at it crypto is here to stay and will only be more and more adopted and used into the future. Old legacy ways of doing business which we now accept as the 'normal' will fade over the years. These have only one way to go but to become more and more valuable. I have made money by staying strong in negative times and not cashing out but HODL. In 10 or so years if we hodl onto a good diversified portfolio there is no real way you can be anything but well off for it. I personally budget to put a small portion of money into Bitcoin and other cryptos each fortnight and leave it for long term.
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24 months?! I would have been retire by now if I had gotten in at that time.
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Nothing has changed. Everything in sight is being bid at every dip. A lot of junk has barely budged in this "correction" and is still sitting at all time highs!
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Nice post! I appreciate you looking at the Bitcoin price a variety of different ways! This is a much more informative article than ones that are just looking at one 15 minute chart! Lol. I recently came around on Bitcoin. I didn't see much if any use for it as I started to learn more about other crypto currency tech. However, I did come to a conclusion that Bitcoin will never go to zero. For anyone who has a couple minutes to spare and wants to contribute to this conversation check out this article:
https://steemit.com/bitcoin/@brettcalloway/why-bitcoin-will-never-go-to-zero-it-s-a-treasure
I'm interested to know what everyone else thinks! All the best and keep on Steemin!
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https://steemit.com/cryptocurrency/@oroujda/price-analysis-for-bitcoin-ethereum-litecoin-and-ripple-february-11
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very good
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I wonder how many will look to diversify with crypto.
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Thanks for your updates!
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Buy BCH :D
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btc again will break all records
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This comment has received a 3.13 % upvote from @speedvoter thanks to: @jassi.
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BTC is now a name and history. It has many problems and its problems are highlighted in a bear market. Hopefully the devs get their shit together and actually improve the tech
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Let’s hope we can breach the resistance soon and get the upswing underway. I think that due to all the new exchange sign ups, more staff, better back ends, apps such as Robin Hood and others accepting crypto that when the change in trend truely gets underway, things could really rocket!
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Thanks for the charts - where do you get your data?
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Collecting information/analysing.
Stay tuned bro! :)
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Just Hodl...we must be all Patient and trust the Blockchain Technology... don't follow the pump and dump or invest your time in Trading.
The big investors are buyng low and Hodl for long time.
you can analyse the biggest Bitcoin wallets on the blockchain and follow the movement of the cryptobillionaire
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Thank you for the info, I love that graphic! NOW FOLLOWING!
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please vote following and support
https://steemit.com/gurunanak/@jatinder/guru-nanak-wali-qandhari-the-arrogant-priest
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Lucky for those who bought the dip because they'll be the ones to make most profit later.
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Interesting analysis but I do not think that technical analysis has any merit. Looking at past price movements and trying to figure out the future based on pure historic figures would not provide a clear picture of the future. Instead, rather consider what is happening in the cryptocurrency space: 1) adoption through numerous new exchanges / fiat-to-crypto apps, 2) good regulation to push crypto into becoming another asset class, 3) preparation for institutional money, 4) more open governments, etc.
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I agree to a point. But trend analysis doesn't require too much historical data and it is the worst way of trying to predict the future with exception of all other ways ;-) There definitely needs to be deeper study, polite push back and taking things with a grain of salt in such a volatile space. It really is a virtual version of the wild, wild west. Isn't that what draws us all here?
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Not me.
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Yes yes and yes to all four of your points. Plus Central banks want a piece of the action too now.
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Hi @msteemian! You have received 0.25 SBD @tipU upvote from @cardboard :)
tipuvote! - get upvotes with 2.5 x profit:)
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This is cool
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tipuvote! 0.1 :)
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Very nice post i really like it. Thanks for sharing your post
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your welcome!
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Trust in projects you invest in! And if you have faith then you should hodl !
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will be interesting to see what will happen to bitcoin in 2018....so much speculation around this cryptocurrency....
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❤❤❤
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You are right. I think if you believe in bitcoin then it will be that you'll always buy on the dips and hold. Bitcoin will go up all we have to have some patience.
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Try switching off a blockchain currency .. hmm Do you get it yet?
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Hey nice post. I have a genuine question about the use of technical analysis in crypto currencies in general. I realise that TA works in large cap stocks where average behaviour has been modeled over time and patterns can be represented as mathematical constructs. But as with penny stocks, where the statistical models don’t maintain the averages, isn’t crypto generally ignorant of such trends? Maybe bitcoin given it’s a large cap crypto currency is tending towards a time when TA is more accurate than not, but is it there yet?
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lmfaoooooooooo best joke of the day. so true
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As you said, patience is the key - and a virtue ;) So I think the best thing to do is buying now and HODL. Thanks for the post.
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Great advice. I just think of this correction as the mass exodus of people who bought bitcoin not understanding it and trying ride the get rich quick hype. The market will recover. Cheers!
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Good luck for you @msteemian
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Good post brother
@msteemian
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interesting post looking forward to see how BTC gets out of this mess.Sooner or later we'll be out of the woods now we need to figure out when.
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THX Good informant ;-) I HODL too
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the truth is the future will be 50/50 so make a good btc guess or play your money in red-black roulette you will get the same results :)
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Nice post, thank you for this information.
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Feel free to call me a fool - I look at the daily chart and don't see the dip as being over.
I am 100% a long-term bull when it comes to Bitcoin and cryptocurrency in general, but I still think there's a decent amount of dip left so get your bags and your tortillas ready.
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I really like this post. This post is a lot of benefits for us. This post you write in a language that is very easy to understand. We wait for your next post. Successful greeting always @msteemian 👍👍
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Thanksalot, Feels great to read such comments! :)
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I am thinking bitcoin will retrace the current weekend high to minimal 50% of last weeks low. I actually think it will surpass last weeks low. Ethereum. litecoin, ripple and steem are also subject to last weeks 50% retrace or deeper. in the next 24 hours I expect to be below those blue lines on the chart. Not saying the will hold yet. But if they do, I suspect deeper will follow.
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Congratulations @msteemian, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Dust account holder (accounts that hold between 0 and 0.01 Mega Vests). The total number of posts by Dust account holders during this period was 16850 and the total pending payments to posts in this category was $3654.20. To see the full list of highest paid posts across all accounts categories, click here.
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thanks for info ;)
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That has been the trend of Bitcoin . It will have a massive increase late in the year and dips in the first quarter of the next year and again increases . More the dip more the increase . Don't worry folks this the best time to buy btc you won't see btc again at this price.
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Haha yea!
Just the time to relax, HODL!
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It's possible we are in the denial stage at the moment, but it's less likely. I also believe we already hit the bottom. A retest of the 6k would be preferred. Might not happen anytime soon though.
JRcrypto
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Thousands Infected!!! - New Monero-Mining Malware Targets Android Devices!
-> https://steemit.com/malware/@blockchain-group/thousands-infected-new-monero-mining-malware-targets-android-devices
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Great post! I Upvoted and followed. Do the same and we can support one another.
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I just followed you man! Great work, and i am keep HODLING my btc. I will buy more if it's testing at 6k or even 4,5k
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:https://www.theverge.com/
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Thanks for the information man!
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Un análisis muy bien presentado, preocupante, pero hay que tener fe que esta situación en breve será superada y recuperar la estabilidad de la criptomoneda, la cual es el futuro que no desean los banqueros.
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Interesting article!
Checkout @cryptobroye for more bitcoin info and analysis. Im sure there's a lot we can learn from each other!
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I think you are very correct and believe in you
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Bitcoin is kind of a index.When it goes up all altcoins are flying high, when it goes down all alts go down the drain... It's time to invest now!
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the holder looking to be higher
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I upvote this post.....vote me
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Salut , Oui NORMAL , on le descend pour payer moins de frais de transaction , Normal !!
Oui la bulle , si on peux l'appeler ainsi , a commencer vers les 6-7000$ si mes souvenir sont bon !!
Bon le BTC a toutes les autre devise sous son ail !! Je veux dire , que nous qui l'employons savons très bien qu'il baisse jusqu'à ce que ce soit acceptable , ensuite viens la communication , car le Bitcoin comme le Trade fonctionne bien au thermomètre de la société ! Résumé je pense qu'il va descendre encore un peu , mais l'on vois déjà depuis quelque jours ça remonter ! Donc vos chaines !!!
Resnonace ce met en pause !! Plus que quelque uns !!! donc ce New , (2 mois qui paie!)
Withdrawal received, Automatic Trade, Cycle 30 days, 2nd month that pays! The Best Trading Based Investment Platform https://goo.gl/DFNPGF
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a very nice and interesting post.
I like it very much.
success always brother.
Steady
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We have only two choice. Either to HODL and rejoice latter or to panic sell and regret it later. I belong to team HODL.
HODL, HODL, HODL & HODL
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This post has received a 21.40 % upvote from @booster thanks to: @msteemian.
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It is hard. Yes! but ofcourse , all hardships will be paid off 🌈 very relevant post I can say!
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Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/tr/@hulya.rtk.krsn/in-introduceyourself
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I do wonder if btc wil reach 18000 again. This trend is trully amazing
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a very nice and interesting post.
I like it very much.
success always brother.
Steady
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Mr @msteemian you give us a great news. Thank you for this. I have a question that bitcoin rate will be increased ?
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thanks for the info it is very appreciated
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Analysis is amazing thanks
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Excelente análisis, te felicito!!!!...
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Bitcoin will rise again! Just a little bit of patient. Don't give up yet!
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All we have to do is fight the urge to sell in times like this.. so HODL and afterwards be happy you didn't sell the dip.. good luck!
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Thanks bro, good luck for you too!
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No one can predict the market accurately, but this is good insight.
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certainly do hope that btc starts taking an upward turn for this community's sake...thanks fr the update
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i like your post and i am follow you
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Thankyou, Have a great day!
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Sane, cogent and intelligent post! #HODL
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What we all can do is HODL and trust it otherwise it will create more chaos and then we might face some hardships.
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very nice I liked it tenks
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Thanks for the insight! Definitely need to stay calm and hodl at this point. I've had to keep away from Blockfolio to avoid the emotions
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Don't trade with BTC, it's not worth it. Trade in Ethereum.
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Great post very tough
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The only way to live well is to leave right away where it's bad
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Nice post
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Good post. It is easy to get discouraged when BTC is falling but it isn't going anywhere and I am definitely going to #HODL
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interesting info , what about the crypto wallets this week goto delay few days and some exchange dont allow more new singups , its been a rollecoaster during the past weeks about price , enviroments and tech
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great update...
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Im done breaking my sweat over this crypto stuff and just "riding in the storm" lol
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One mistake I have noticed most plotters make is that they have not taken into account the value of the forked coins. If you owned Bitcoin through the lifetime of the plot then you would also have ownership in Bitcoin Cash, Bitcoin Gold, etc that would need to be accounted for for an accurate historical assessment?
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wish the cost price kicks up
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Follow me -> @ato123 to get daily updates on trending movies, comics,steems, pictures of the day, sports and entertainment, plus free upvotes on all ur comments
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You got a 14.15% upvote from @buildawhale courtesy of @msteemian!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
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Motherboard bitcoin 😀
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Bitcoin gonna have a bright futur annd it is running like this recently
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I agree you
Good post
I follow you
Guazzzzzzzaaaaaaaaaaa!
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Looking forward for you guys. :) God bless for all of us
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Thank you for the information
@msteemian
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What we can film is Hoddle and trust him otherwise it will create more chaos and then we may face some difficulties.
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pretty much informative, thanks for this information :)
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your welcome!
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should i wait and buy more when it goes down
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Keep buying at every dips bro
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Hey Steemian - nice post. Personally, I think people are getting to wrapped around the "technicals". The future of Bitcoin, and other "viable " cryptos is going to be driven based on application and usage over time. I am in this for the LONG haul. For what and how BC and others will change culture, and for how it will continue to decentralize commerce at large, affording enclaves and peer networks to transact-on-trust. Quite frankly, this is what the banks and the regulatory agencies fear...that a large number of consumers go "off the fiat" and "onto the grid" to transact as they see fit, for their purposes. And that is not about technicals, as it is moreso about utility.
Keep up the good posts!
Todd
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Nice update
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Thankyou
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Nice post ,, muy buen post
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subscribe to me please bro
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Great article and post. Not much I can add because I agree with your take on BTC. If we did not get on the sidelines during the quick fall now all we can do is HODL and even add to positions. Myself I see alot of buying opportunity. I am still bullish on crypto overall. I will consolidate my positions. This is just what I m going to do. I don't give advise to everyone else. What you all do with your money is your business. Thanks for the post. I gave it a upvote.
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All the regulation news about bitcoin have been proved as fake. What can you see from this? I see maybe some big investment made up these news and bought a lot bitcoin when it went down to the bottom. So it will be going up soon as it was planed to be. The only question is how soon. That's it. I bought a lot too, holding and will see how high will it go again. Anyone sold or got off of cryptocurrency do not understand how this thing works at all.
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Sellers will regret and agree with the fact that big companies collecting big in this dip
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