Are we going up or down?

in #bitcoin7 years ago

Unfortunately, the number of Bitcoin transactions is very low that we are very sensitive to fluctuations. Big investors currently have a lot of influence on what the bitcoin is going to do. In addition, we are dealing with governments that want to introduce new rules or want to introduce tax. Mt Gox is still a threat. So there are too many factors involved, one of the main reasons we jump up and down hour by hour. Actually we have to admit that we can not predict anything, we can only hope. If you look at the number of transactions over the months, you see that we are at a very low point now.

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So we have to wait for more confidence in the bitcoin and hope that the spreading of bad news will stop.

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I believe that BITCOIN is going again to test in the $8100.00 area and we should go up from there up to the $15000.00 area at least for now.

Thanks sharing information