You are viewing a single comment's thread from:

RE: Everything that goes up must come down

in Project HOPE2 years ago

Dear @rubenp

It does look like you're quite optimistic about future of Crypto market. In that case - we're on the same page here.

I remember one small conversation I had just a couple of weeks ago with a friend of mine. We talked about BTC rebounding. It had reached 45k at that time and moods between investors and youtubers were growing.

At that time I've mentioned, that part of me expect another solid crash before markets will really start to recover. Part of me expected that 30k support level need to be re-tested at least one or two more times.

Currently, I'm more bullish than I've been back then. After all: news about war and sanctions towards russia couldn't bring market dowwn below 30k and LUNA collapse resulted with drop below 30k for a short while (volumes increased enormously, which is a good sign).

It's really difficult for me to imagine what kind of news would be needed to bring markets even to lower levels. It seem that even such a terrible news (war, luna collapse) were not "tragic" enough. In other words: it seem that spreading fear and making people sell their crypto (panic mode) is quite challenging already. And that's a good sign of upcoming recovery.

Cheers, Piotr

Coin Marketplace

STEEM 0.18
TRX 0.13
JST 0.028
BTC 57097.85
ETH 3049.62
USDT 1.00
SBD 2.30