Bitcoin: Bear Market

6 Feb 2018

I am bullish on bitcoin longterm (a few years from now) but currently there is no denying we are bearish and have entered the bear market. There are too many people who thinks it will go up this year, opposite of how people felt last year, where people thought bitcoin cant go higher. When the majority of people are thinking one way, the usual thing you do is the opposite from majority of folks. The market is a transition of wealth from those who know what they're doing from those who don't. I will probably get a lot of hate for this post, but I am trading what I see not what I think I see. Currently I am looking to buy at 4.5-5k. Sell a quick jump to 6-8k and be completely out. What are your thoughts?

Trade with care.