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RE: In which phase of the chart do you think the price of Bitcoin is?

in #bitcoin6 years ago

@toofasteddie, thank you for commenting. Yeah, also think that we are in the «Capitulation» stage. I don't think exactly how long it will last... I have no idea. I've been participating in many bubbles (sometime having short positions/sometimes having long positions). But, I think that we will be able to notice the bottom. I have participated in most than 10-15 big price bubbles on the financial markets (including gold and silver in 2011 and 2012) in the last 12 years. So, I hope I will notice the bottom. I beleive in the bright future of Bitcoin. So, I am very interested in buying some bitcoins. I think the crypto market cap will be trillions of USD one day. But Bitcoin has to solve the scalability issue in order the price to starg growing solidly again. I don't know when the tech geeks/bitcoin community developers will be able to solve the problem. I will keep on eye on them. But, I think that I will start buying BTC (at prices near $1000-1300) even if the scalability issue remains unsolved. But I will hedge my investment with some LTC, BCH, BSV and probably some IOTA, DASH. Also I think to get into XRP, XLM if Bitcoin community in the next 1-2 years cannot solve the scalability issue.

Btw, during the capitulation stage there will be many price rebounds... I don't know if I will try to participate in these rebounds, because, all of a sudden a mircle can happen (i will be very glad), the developers may find out unexpectedly solution to the scalability issue, and the BTC may start rising.

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