/biz/ - Business & Finance

If we don't start to see daily fireworks then it means there may be a positive black swan event such as a central bank revealing that they are accumulating BTC that starts a domino effect among the central banks or a game of chicken as Simon Dixon calls it.

At this point many in the crypto space have bought back in (BTC and Alts) after the bear market showed signs of reversing. After this last top at around $14k and subsequent downturn many thought to buy the dip around $8k, again feeling great about patiently buying the dip that was expected on the way up. Now there seems to be some uncertainty whether there'll be further downside except now that people have filled their bags they're not buying more unless one of two things happens: 1. There's a steep drop to almost the previous low $4-$5k (maybe a new low which means your dollar buys you more BTC) OR 2. The market begins to rally and traders begin to turn bullish again buying more and more on the way up.

Conclusion: This all seems bullish to me since either we get great deals again that we thought we missed out on before in 2018 OR we get to sit tight and watch the glorious boom Asuka wrote about. So with these two scenarios in mind, where is the FUD?

https://youtu.be/VWFsN9TmFXM