Bonfires_Down
Short

Bitcoin in for bear market

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
121 views
2
121 3
My current thinking is that Bitcoin is in for a significant period of consolidation. Price has fallen far enough that investors are scared and it won't bounce back hard like it has done during the last few corrections. So what I'm thinking is that Bitcoin is going to consolidate at 5k-6k and it's going to stay around that area for a few months. Ethereum will likely overtake the #1 market cap spot during that time, though not necessarily permanently. It will likely also be a good period for altcoins as they won't constantly be pulled down by a dropping Bitcoin . By the end of it, Bitcoin might just be "another coin", though still an important one, rather than the arbiter of the whole crypto market.
joke or what
Reply
@ghose12, Why?
Reply
ghose12 Bonfires_Down
@Bonfires_Down, when btc goes down everything goes down ..ETH will too get effected ..it can take 1st spot if everyone dump their coins to buy ETH
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out