Bitcoin is dead...

Is bitcoin on its way out? Or, this is a buying opportunity?

 

It's been dead for months, likely early profit taking before xmas season, remember 2 days before last year it tanked from all time highs.

Lost interest, don't watch, not tradeable any more ( I was advising a mate when to get in and out )

 

It moved finally.
It has broken the 6000 support level.

time to consider trading BTC again.

 

well at least the poll isn't lukewarm..12-0 against.

 

It's not dead, depends what you do with it.
I traded Bitcoin (mt4:hugosway) all the way down!!

 

Shame this time last year, sailing through 10K and heading to 20K just before xmas!!

Mates, mate bough 100 at $20 area years ago, still holding still thinks it'll go higher, worth 500K at these levels, was worth 2Mil, I think he's already rich so doesn't really bother him, holding for 100K or bust! CRAZY!!

 

Is Bitcoin now at the bottom?

 

No way to tell, paused for 4 days before making new lows a few days ago, Trend is down, don't join long on a downward trend, wait for a move up to enter short.

Gets above 4600 then maybe it's turning, below that and back to $20 LOL

 

Maybe. But it can also visit $3200 - $2800 area.

 

Internet PR has switched to btc is going to crash to nothing and sell it asap, always a good time to buy lol