Dec 2017... BTC reaches new ath at nearly 20k. Jan 2018... BTC drops like Enron Stock losing approx 80%. No one expected it. July 10 2019... BTC sits at 12K. People are now saying you will never see BTC under 10K again. For the next 8 months BTC slowly dips, not only dipping below 10k again but dropping back below the 5K mark by March 2020. No one expected that either. Jan 8th... BTC reaches a new ath at over 41K. Case in point? What is the obvious next step for BTC? Fill in the blank. _____________ For those who have not figured out that BTC works in a see-saw motion, well here it is. Pull up the 5 year chart and see. It's not rocket science. The extreme volatility is subsiding and that's good. It gives us more time to enter and exit. But the dollar amounts per rise and fall have increased dramatically too. These days we deal with drops of 8k in days whereas two years ago that was unheard of. I'm not saying we will see BTC under 10K so don't go reaching for your blow torches folks. What I'm saying is BTC works in see-saw motions and it loves to do unexpected things, including big dumps yes. Trade carefully.
but my father is angry about it :)))
he continuously says that "yakhchi hala san dooctoor doyoorsan" ~.~