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RE: SCARY Trend in Bitcoin & Other Cryptocurrencies

in #bitcoin7 years ago

Well, all the numbers you presented are correlated with price action, I believe. And spectacular action stirs up excitement, dull action does not. We are in a deceivingly dull phase. Spoiled from 5x gains, an almost 100% rallye since the dip makes many go "meh..".

That's quite ridiculous. Seasoned traders and investors must still be very happy with BTCs performance. However, those are not the noisy mainstream in social media.

I think that there is always interest in Cryptos. Every phase is attracting different people. Currently the silent ones are working on it. Yet I do sense more optimism (not on your channel, obviously :-D ) over the last days.

BTC is a big troll, personally I have not decided to vote for one direction yet. It fell below its strong lower support line and is hitting against it from below. Anything can happen next. This week will be interesting.

For me, the excitement has already returned!