BTC Negative Rally + Speculation

29 בנוב׳ 2018

Bitcoin is trailing around the $4000 price for price stability. The negative correlations was a result over the fork of BTC Cash making the crypto industry look bad. However, given recent news and the fact that crypto is still here to stay regulatory wise, Bitcoin may have some outbursts of positive correlations. My overall view for the end of 2018 and price speculation was not consistent given unknown variables in the market. Even with positive shorts, I would say for short time holdings, BTC isn't consistent with profit potential. I am still HODL'ing my crypto however, because I think these institutionally sound 1 to 3+ year holding positions have growth potential in the crypto industry. The investor mindset is to look at BTC as a long term investment unless doing automated or day trading strategies.