New month new luck? Or should I say new month new lows?
BTC seems to be retesting its previous low @ around 6000$.
If this low does not hold strong, we will likely see the next wave down, which I already told you about a month ago:
I don't think this will be wave A though. The correction would be unusually deep for a wave A. The correction should be over once a new low is established. We should see big bull strength again after this.
They will say the bitcoin bubble has burst and it will go down to zero again. Nope, it won't.
In one of my latest posts comment sections I wrote about the 3 stages of new disruptive technology.
Cryptos are still in stage 2:
- Laugh at it (people using it are stupid)
- Fight it like it is the devil himself (governments issue warnings, controlled social media bans it)
- Accept it, because it can no longer be denied (Mainstream adoption, government wants its share of the pie)
When people realise that stage 3 might be right around the corner, it will be too late to get in at reasonable prices. Those who stick with it, and buy at the lows will be the future crypto millionaires.
To put this into perspective, shares of Facebook were worth only 18$ in 2013. After founding in 2004, it took Facebook 12 years to become a big player and a highly successful company. STEEM is only 2 years old... BTC is 9 years old...
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