Why we should not panic now that BTC went down.
Hi guys !
A lot is going on about BTC and we are all wondering what the future will be... . Numerous people are talking about the end of BTC in 2018. I agree that we started this year in a less positive way than we ended the previous one.
Why we should not panic !
If we look at BTC at the long term, we definitely conclude that Bitcoin has been going uptrend since the beginning. We witnessed a massive breakthrough in december and that's when the media circus started. After the breakthrough we immediately went down but then we recovered a bit. If you ask me, we should have gone back in to the uptrend channel right after the breakthrough but because off all the media attention, a lot off people started with BTC and that is why we went up again. Like always the market (re)stabilizes so we went down again. Here is the point that everybody started panicking while we actually just are going back to the normal uptrend channel and the exponential growth of it. Nowadays we say that BTC is too volatile but actually WE are making it like that. The next best buying spot will be around 8000 if you ask me. In the future it is possible that we will see another massive breakthrough but let's focus on the normal growth for now.
Personally, I think BTC won't end in 2018 but will grow in a more steady way.
Let me know what you guy's think, all opinions are welcome!!
A lot is going on about BTC and we are all wondering what the future will be... . Numerous people are talking about the end of BTC in 2018. I agree that we started this year in a less positive way than we ended the previous one.
Why we should not panic !
If we look at BTC at the long term, we definitely conclude that Bitcoin has been going uptrend since the beginning. We witnessed a massive breakthrough in december and that's when the media circus started. After the breakthrough we immediately went down but then we recovered a bit. If you ask me, we should have gone back in to the uptrend channel right after the breakthrough but because off all the media attention, a lot off people started with BTC and that is why we went up again. Like always the market (re)stabilizes so we went down again. Here is the point that everybody started panicking while we actually just are going back to the normal uptrend channel and the exponential growth of it. Nowadays we say that BTC is too volatile but actually WE are making it like that. The next best buying spot will be around 8000 if you ask me. In the future it is possible that we will see another massive breakthrough but let's focus on the normal growth for now.
Personally, I think BTC won't end in 2018 but will grow in a more steady way.
Let me know what you guy's think, all opinions are welcome!!
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.