Joe Flacco
Elite Member
- Joined
- Jul 31, 2013
- Professional Status
- Certified Residential Appraiser
- State
- Maryland
It could take a long time to build that base. There are no signs that a base is even being built at this time. The base might ultimately end up being in the area below $6000. But there is a saying "bigger the base, higher into space" or bigger the move. So in the long run, if Bitcoin is headed higher, then building a base for a long time is not a bad thing unless you are trying to be a billionaire next year. If that is the case, then you are just going to be disappointed and frustrated. Personally I think it could be many years before it builds a base and breaks out of it.