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RE: In which phase of the chart do you think the price of Bitcoin is?
No doubt we are at the capitulation phase.
The question is how far it will last...
Do you have any tentative date?
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@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.