Viewing a response to: @jpmay/news-did-we-hit-the-bottom
It will move down more yet until many more have sold out, and then up it will go to new highs and we will all shout: yes! This is when the big money will come in to take it to somewhere astronomical...
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| author | wales |
| permlink | re-jpmay-news-did-we-hit-the-bottom-20180617t214215007z |
| category | bitcoin |
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@wales Thank you for your feedback. If I see it correctly the lowest point in Feb 2018 was at about 280 million USD. In April it went down to almost 250 billion USD. Given these numbers, it is possible that price will go down even further. Though I do not think that the atmosphere is compareble. Fundamentaly Feb'18 was likely the reason of many things like regulation, tax, loan-money investing etc. that cumulated in an massive adjustment. In april - that again is only my impression- it seemed like kind of a depression, caused by a lack of market recovery. Today the recovery still is at question, though its likelier a question of when it does than if it does. I have very mixed feelings about what to expect next.
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| author | jpmay |
| permlink | re-wales-re-jpmay-news-did-we-hit-the-bottom-20180617t223016616z |
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The banks must be realising that crypto could see the end of them and so are in the process of taking all the money out, which they can do because they have so much money they can just buy in and sell and keep on doing it until all the money has gone; and what's to stop them? That's one scenario that I hope doesn't happen. The other is that big institutions will come in with huge money because fiat is breaking down and is almost at the point of collapse; they will come in because they can see it is a good thing, immensely profitable.
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| author | wales |
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