DLavrov

Bitcoin - Where Is It Going? My Opinion Without a Crystal Ball

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The price forms a bearish pattern again. How many times the market gave us signals that the correction is over and the price is going to continue the uptrend? Every time after a short term upward movement, the price could not pass through the important resistance levels. The market formed bearish patterns and dropped again and again. The news supported the bears every time when the market tried to return to the uptrend. It could be a good time for talking about manipulated markets, but I would like to ask you more important questions. After amazing upward run in 2017, when millions people were interested attracted by a new word “Bitcoin” and new opportunities to make a fortune quickly, do you still believe in Bitcoin and it’s bright future? If we don’t see a bullish market for several months or may be several years, will you lose interest to Bitcoin? Will you be disappointed?

Please, share your thoughts in comments.

P.S. I would like to share my opinion about the Bitcoin's future. As we could see, the previous year the price moved upward because of new people who invested in this market. Big players invested in Bitcoin and it was a good support for the market. The previous corrections were not so long as we have now and after falling we got a quick price reversal and new ATH. This time, we have other market conditions and less people are interested in crypto. It's not good for Bitcoin and for other cryptomarkets. If the downtrend continues or the market moves in sideway for a long time, Bitcoin and altcoins holders will face with new reality. Cryptomarkets won't be so interesting for investing. Big players will move their capitals to other markets. And probably cryptomarkets will return to the levels of 2016 year. The reputation of Bitcoin will be destroyed.
This is my opinion. What is yours?

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