Maybe Bitcoin will fall down in few days/ months.

Just a feeling but it's falling down for sure.
Your thoughts about this statement ?
Do you think it's a good idea to short now ?

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Comments (8)

Most Helpful
Nov 1, 2021 - 3:28pm

On chain analysis, historical levels, price action, and other general fundamentals & sentiment point towards "no", but you can never discount any possibility in trading! For instance, if global markets were to randomly go into some 2008 like financial crisis in the next few weeks, I doubt Bitcoin let alone rest of the crypto market would fare too well. Otherwise though, I'd personally be long for at least a couple more months if I were a betting man.

Just one guy's opinion. Whether I'm right or wrong, it'll be interesting to see how this post ages. Best of luck either way

"Luck is what happens when preparation meets opportunity"
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Nov 1, 2021 - 4:08pm

It will fall, but it will be back up. I am long on ETH especially because of the lightning network and so much infrastructure built/being built on top of it (smart contracts, patents, trades, anything that requires a public, anonymous ledger with time, etc.)

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Nov 1, 2021 - 4:48pm

Kind of but also because for me it has reached its full potential and that it can't do better. Moreover China banned cryptocurrencies so many investors will be impacted in the short/ long term by this decision.

  • Intern in PE - LBOs
Nov 1, 2021 - 5:28pm

But for BTC most of the development seems to have not even started in terms of its potential. Same for ETH - so many startups in very early stages. If these crypto are correctly priced to reflect their potential (which might very well not be the case), the price should continue to increase in the future as these startups reach later stages and more startups emerge on top of these crypto.

Nov 2, 2021 - 3:35am

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