Bloodbath - When will it stop?
Any idea?
6 years ago in #cryptocurrency by zanoni (67)
$5.38
- Past Payouts $5.38, 0.00 TRX
- - Author $4.13, 0.00 TRX
- - Curators $1.25, 0.00 TRX
If btc breaks through the $8,000 psychological support level, it'll go to the next level of support at 6-7,000. If it hits $6,000 I intend to buy. That is roughly a very strong area of support, and it should rebound from there, barring any catastrophic news of course.
Once bitcoin recovers, many of the others should follow. So I'd look at bitcoin and get to know its movements - because in so doing, you can see how a large portion of the crypto market is likely to trend.
Just remember, when there's blood in the streets, buy property. Whoever successfully guesses the bottom stands to make a lot of money.
Hope this helps :)
your words in God's ears....
Lol hopefully. Who knows, maybe if all us Steemians band together and invest in bitcoin on the same day, we can start a reversal! Win-win.
P.S. I followed you, us Steemians in the crypto trenches need to stick together!
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I think, that it will recover soon. It's a great time to invest in it or buy a gpu, because if cryptotwitter is right, prices are going to get insanely high.