Will bitcoin ever go back to $600 again? It seems like a very dangerous investment at this time even if I would hodl for a year.
it could go to zero.
>I'll buy BTC when it's under $1 again
>I'll buy BTC when it's under $10 again
>I'll buy BTC when it's under $1,000 again <- You are here
>I'll buy BTC when it's under $10,000 again
nigga keep dreaming
>>2598919
How?
>>2598902
Every day there's threads like this. Some /pol/tard or /v/irgin reads about muh bitcoins because some other retard mentioned it in a thread complaining about Arabs, You look at the chart and greed fills your ignorant mind. Well let me tell you something. The boat has sailed as far as you are concerned, Not because crypto will not go up in price, but because you don't have the fucking balls. You didn't have the foresight and the goddamn stones to buy in years ago, and you still don't today. So fuck off and stop shitting up this already ravaged board.
>Dow theory asserts that major market trends are composed of three phases: an accumulation phase, a public participation (or absorption) phase, and a distribution phase. The accumulation phase (phase 1) is a period when investors "in the know" are actively buying (selling) stock against the general opinion of the market. During this phase, the stock price does not change much because these investors are in the minority demanding (absorbing) stock that the market at large is supplying (releasing). Eventually, the market catches on to these astute investors and a rapid price change occurs (phase 2). This occurs when trend followers and other technically oriented investors participate. This phase continues until rampant speculation occurs. At this point, the astute investors begin to distribute their holdings to the market (phase 3).
>>2598919
I pray that to God every single day.