I think that if you've been active in the bear market and still stick around, you'll be one of the very profitable people in 18 months to 2 years from now.
I've been margin trading mostly and have managed to understand the market a lot. I think that if you experienced the last bull rush and learned from it, you'll be able to cream it the next time we have one (we'll need to see it over 20k to have anything close to what we had in November in my opinion).
We could start to see the market look like it did at the beginning of 2017 if the 5k level doesn't hold. It'll be a very rapid drop down to around 1.5-1.8k I think because we'll be in full capitulation mode. That's good for those of us that missed the opportunity to accumulate bitcoin at a cheap price relative to its potential and ATH.
Investor and institutional opinions are still bullish in the long term for Bitcoin. This is an obvious market correction and I wouldn't be surprised to see us between the 6-9k range for the remainder of the year and then start to creep up next year.
A guy I interact with on Twitter wrote this and I largely agree with it:
https://medium.com/p/de3aa0b57029
I've been margin trading mostly and have managed to understand the market a lot. I think that if you experienced the last bull rush and learned from it, you'll be able to cream it the next time we have one (we'll need to see it over 20k to have anything close to what we had in November in my opinion).
We could start to see the market look like it did at the beginning of 2017 if the 5k level doesn't hold. It'll be a very rapid drop down to around 1.5-1.8k I think because we'll be in full capitulation mode. That's good for those of us that missed the opportunity to accumulate bitcoin at a cheap price relative to its potential and ATH.
Investor and institutional opinions are still bullish in the long term for Bitcoin. This is an obvious market correction and I wouldn't be surprised to see us between the 6-9k range for the remainder of the year and then start to creep up next year.
A guy I interact with on Twitter wrote this and I largely agree with it:
https://medium.com/p/de3aa0b57029