For the third time since Christmas BTC has bounced off the $6000 line almost as if it is being supported here. This time it dipped below $6000 for around an hour and many stop losses would have been triggered but not enough it would seem to prevent the resistance from pushing it back up.
We are siting just above $6100 in this moment and it will be very interesting over the next few weeks to see if the resistance line continues to hold.
I am still relatively new to this game but it would seem to me that whenever the $6000 line is reached, new investors jump in.
As someone who doesn't have a bank account and is currently holding ONLY crypto I am always going to take the optimistic stance on our current situation, but reading through the many opinions on Tradingviewit feels as if the optimists are in the minority.
Minority or not, let's hope we keep bouncing off this line every time it is tested... and the only way is up from here!
It's almost as if the Feds are trying to force the price to go down but are having difficulty in controlling it as other investors seem to be jumping in?
It does always feel to me like one group forces it down and then another group forces it back up (like the goodies and the baddies!)... but that could just be in my over active imagination ;)
Now a day bitcoin gone to hell i am very worried about that.
I think this gone up but don't know when
There is only so long they can hold it back. Next year will see big growth if it doesn't happen this year.
The zig zag movement of the price is facinating. Im still optimistic about a price increment very soon
I agree it has been facsinating to watch from the perspective of a newcomer.
Am still kicking myself I didn't tether everything back at Christmas, but this of course is how we learn ;)
Here's to a bit of optimism!
Now a days people did not interest about bitcoin
Now seems like a great time to invest to me
I am new in this crypto-monetary world and I do not like pessimistic (or realistic) people and I only hope that it remains at a price that benefits us all. I do not expect it to be a price that reaches heaven only a balanced one.
No matter how much someone may tell you they know what is going to happen, good or bad news stories they cannot know in advance... and these news stories have the ability to suddenly change everything. So, the way I look at it, better to remain optimistic.
So it is, also because we become bitter or worry about something that has not happened?
Reminds me someone said buy when there is blood in street
And for sure there is blood... but will there be more next week???
Then people may vomit blood.
haha! What a lovely thought ;)
Very interesting for me was:
I'm lost everything, and I recovered to have one bank account (to bills and get paid) while I'm about to launch a a product which can only purchased with crypto - while I have to pay my provider with fiat.
Like I'm really broke at this moment I'm thinking sometimes to work for fiat on pages like getacoder, upwork fivver etc.
But this is more desperation driven and not my conviction. So Since yesterday I think to over to work some hours a week for crypto, although I should probably focus more on my business.
Get you managed to live by crypto, or you using still more cash? How difficult is it to find sellers and customer who accept and pay with crypto?
It is not an easy transition because most of the world have not yet woken up to crypto, but it is possible. I am lucky because I have always been able to meet people who want to buy BTC in exchange for the local currency, but am also in the process of setting up an account with Revolut.com who (for a fee) will exchange crypto/fiat
Also, my partner does still have her bank account, though there isn't any money in it!
We don't have much either... but fingers crossed the market will rise again soon :)
Bahh...It doesn't take a lot of optimistic persons =)) ....isn' t one aligned more powerful than hundreds misaligned ? ;-)
haha! Looking at it today apparently it is still headed south.
...but will break out of this pattern very soon in a strong upward direction!
hoping that soon it will rise as it did before.
You and me both. It isn't looking too pretty today!