RE: Will Bitcoin fall into the "drilling death spiral"?
that was a good read.when do you think is a good time to buy regarding the bottom?
I think this price is a good price to buy and its near bottom because of the follwoing reasons.
Bitcoin has completed its nine count on the monthly chart
Market sentiment at rock bottom
Overly-confident bears have been shorting this market for 12 months
Elliot wave 4 has dropped by almost the same proportion as Elliot wave 2 correction
There is blood in the streets
Sentiment that Bitcoin is dead or that it is going to zero abounds
The majority is hoping for extreme unrealistic lows for Bitcoin .
in this post I have talked about bitcoin's next move , take a look at it please and tell me what's your opinion.
https://steemit.com/bitcoin/@orphism/bitcoin-next-move
happy trading.