Bitcoin Price Beatings Will Continue Until Morale Improves
2014 has not proven to be a good year for the Bitcoin price and the people who started the year looking to increase their capital gains by holding Bitcoin. Before the Mt. Gox meltdown, prices were above $1000 and still looking to rise. The morale was high, and Bitcoin holders were happier than ever; all the way to the bank. Then the infamous crash happened, and the price saw an immediate tumble downwards. It recovered slightly into the $600 range, although the hearts of those that lost may not have fully healed, but has been in a steady, disparaging decline. The price dipped below $400....
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Morale is down in Bitcoinland and so are the number of DAA. Does this mean that we already reached the top of this cycle? It might, but that’s not set in stone. We’re in no man’s land and our compass is pointing everywhere at once. Technical indicators contradict each other, and nobody seems to know […]
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The market needs a boost, that much is for sure. Luckily, the Bitcoin 2021 conference in Miami is just around the corner. Would that be enough to wake up the sleeping giant? It might. It might now. Nevertheless, for sure it’ll raise morale and give to the community and experience to rally around. And that’s […]