Thoughts on Calling the Bottom — #bitcoin
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Thoughts on Calling the Bottom — BitcoinIn a tough market, people seek solace in anyone that can offer a semi-coherent theory on when things will turn. Yet bulls calling for imminent rallies to new heights are met with the repeated disappointment experienced by doomsday cults waking up to another uneventful Armageddon. While cult members usually stick around for the revised calendar entry for “the end of the world,” #crypto bulls chasing each failed breakout are likely to have their conviction dampened by deeper financial losses.As this piece goes to press, Bitcoin prices sliced below lows that have been maintained for most part of the year. The conversations across crypto suggests that the end is still not in sight. The more ferocious bears claim the pain could easily last for another year (...)