Napoleon_Carnegie

Voice of reason? Common sense? Where are you? IDEA to ponder.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC to tumble, but it's going to be okay. There are some very skilled and talented TA people out there...That being said, where is the money? Where's it going to come from? I think that's a very fair question. The laws of growth demand it. BTC cannot survive on day and swing traders only - recycling and swapping capital each and every day. Some make profit, some lose, but in all of this there's no big NEW MONEY. We need capital investment, which is smart money, which will only buy at brutally low prices. Until we hit a very enticing low sparking a significant influx of money, there's not going to be anything significant happening. To say BTC is going way up at this time is misguided because most market participants are now smart and experienced/burnt/skeptical enough to know that it would be quite suspicious without first a descension to the 365 day low which would be in the $2000s range. Even I don't accept that but we have to ask, then what will it take? That may be too low, perhaps Sep 2017 levels... The people are not "buying" it anymore. So, we may very well see 4k-3k before this beauty rises once again. That would be enticing for many. And just remember: Sept 16 2017 BTC @ $3700 and by Dec 16 2017 BTC @ $19,700 = 3 months. Just absorb that for a moment...

Just a thought
Not financial or psychological advice
Comment: Let's wait it out. Like a very long drawn out legal immigration case in administrative processing and falling under the travel ban...

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