To me it seems like there's 3 possibilities for the future price of BTC. Here they are:
Maybe BTC is crashing. BTC is a bubble. Looking at the exponential chart, BTC is a bigger bubble than any bubble before. And now it is finally crashing and going to almost nothing.
This is a correction. In a month or two the prices will be at all time highs again.
We've entered a long term bearish market. Just like we entered a year long bearish market after the all time highs in 2014. In some years we will see new all time highs.
I've been watching BTC for over a year. Stupidly, I didn't buy for a long time. Then I bought this november. With the falling prices, I am losing money right now. And I don't know what to do. Instinct (which is properly wrong) says sell. Reason says hodl. Greed says trade (which I am not good at).
What do you think is happening? Are you buying, selling og holding? If you are trading, whats you buy-in, sell-out etc.?
Yes, this is a debate every inexperienced crypto holder might go through. I have only one advice: Sell bitcoin only, if it is needed for food!
hodl!
Cheers
Thanks hoher11. Looking around steemit, youtube, twitter, reddit etc., I see a lot of experienced crypto holders (like you I expect) that say the same thing. And I wonder what makes you so sure? When I look at the charts for the last year, I don't see a monthly bearish trend anywhere. Is there something I am not seeing? To me it looks like possibility 3 is quite likely. I am not expect. Just trying to learn. Do you see reasons to except that this is merely a short-term correction?
Nobody can tell the future, it is true.
Sure, but people with more experience might be better at predictions. So I am just wondering what signs you see that we are not entering a bearish market?
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