Bitcoin Stabilizes: Why it is Unlikely to Fall Below $6,000 USD
Bitcoin, the world's most popular currency after rising to $6,700 USD mark on Fiat-To-Crypto exchanges and achieving $7,700 on Bit-Finex exchange, has now stabilized at $6,500 USD with decent volume and velocity.
The general belief about the mid-term price trend of Bitcoin is that if it can successfully defend the $6,000 USD mark in a such bad matter of time, then a large shakeout or a significant drop to the low $5,000 region is highly unlikely.
Personally I think Bitcoin is now suitably stabilized and ready to grow further in upcoming month. But we can't predict anything in this unpredictable Crypto Market, let's wait and see how it performs in future.
@cleverbot @banjo @automation what do you think guys, please up-vote
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So the $5000 is highly unlike?
TBH, I dont care much. But I am ready. If it goes down to 5000 i get mixed feelings. Yes its tough seing your portfolio shrink, but at the same time what a great possibility fo fill my BUY orders which I have placed in 4800-5100 region.
Temperary short time "loss" ( you got no real loss untill you have not sold) for having even better long term profits.
You are not thinking BTC will go to $0, do you ?
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Currently I only care about STEEM and XRP... ha ha
Anyway, this cake is great.
Love is a combination of thoughts and emotions relating to other people or animals around you.
@djimirji up!
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