It seems that even despite the holidays, BTC is holding strong. This looks very much like the dip we had in September, only difference to me is there is no much volume because of the holidays, but once traders return they will want to get into the action. Most of the downside was probably due to them turning to fiat to enjoy their vacation.
Media seems like its trying to push the price down (TV reporters casually alarming people about BTC "bubble"), but once we break up again this will probably turn against them, as more people may realize how hard the "elite" is trying to push them out of decentralization and keep them under their control.
While there will be probably another solution for crypto payments as BTC is like a cripple for this (my bet would be that it will be built on the EOS platform as its the only scalable and fee free C++ blockchain being developed as far as I'm aware), BTC remains the most popular crypto and will not easily succumb to FUD.
Thank you for your time and remember, this is not a trading advice, its my own opinion and strategy. Breaking the support line invalidates it.
EOS donations are welcome here: 0xfCCc604316BE071EDE8daeF816f9B289559816fD
Media seems like its trying to push the price down (TV reporters casually alarming people about BTC "bubble"), but once we break up again this will probably turn against them, as more people may realize how hard the "elite" is trying to push them out of decentralization and keep them under their control.
While there will be probably another solution for crypto payments as BTC is like a cripple for this (my bet would be that it will be built on the EOS platform as its the only scalable and fee free C++ blockchain being developed as far as I'm aware), BTC remains the most popular crypto and will not easily succumb to FUD.
Thank you for your time and remember, this is not a trading advice, its my own opinion and strategy. Breaking the support line invalidates it.
EOS donations are welcome here: 0xfCCc604316BE071EDE8daeF816f9B289559816fD