Bitcoin continues to resist $6000 but optimists are in the minority by samstonehill

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bitcoin · @samstonehill · Jun 23 '18 (edited)

$11.88

Bitcoin continues to resist $6000 but optimists are in the minority

![Screen Shot 2018-06-23 at 13.18.45.png](https://cdn.steemitimages.com/DQmbFjMMUXQ1GfeMcS4WwFCwmea685r6eeTC6rFvyYJy88z/Screen%20Shot%202018-06-23%20at%2013.18.45.png)

For the third time since Christmas BTC has bounced off the $6000 line almost as if it is being supported here. This time it dipped below $6000 for around an hour and many stop losses would have been triggered but not enough it would seem to prevent the resistance from pushing it back up.

We are siting just above $6100 in this moment and it will be very interesting over the next few weeks to see if the resistance line continues to hold.  

I am still relatively new to this game but it would seem to me that whenever the $6000 line is reached, new investors jump in.  

As someone who doesn't have a bank account and is currently holding ONLY crypto I am always going to take the optimistic stance on our current situation, but reading through the many opinions on [Tradingview](https://www.tradingview.com/symbols/BTCUSD/)it feels as if the optimists are in the minority.

Minority or not, let's hope we keep bouncing off this line every time it is tested... and the only way is up from here!

[![blurred-silhouette-of-child-is-jumping-with-beautiful-sunset-background_3248-1074.jpg](https://cdn.steemitimages.com/DQmYa3s2UT5SnYNgTvRYbpbuvEBp9kimBSXZAbG85e4NU2D/blurred-silhouette-of-child-is-jumping-with-beautiful-sunset-background_3248-1074.jpg)](https://www.freepik.com/premium-photo/blurred-silhouette-of-child-is-jumping-with-beautiful-sunset-background_1398404.htm)

👍 canadian-coconut, teamsteem, timcliff, ace108, kafkanarchy84, sature, transcript-junky, samstonehill, barbara-orenya, kalemandra, nepalipahad, chron, happyphoenix, mannyfig1956, busybuzzing, jockey, da-dawn, nspart, skyhooks, ratticus, kenistyles, shift17, savetukadpetanu, samstonehilltube, claudiaz, bitcoinsandgravy, imerick, esteban-luna, boodles17, steemshop, ebryans, steemmasters, vthor, illusory, davidcashtv, gabriellasam, umibozu, monkeymachine, steemtutorials, cryptogranny, arabianalien, anasuleidy, nuttysquirrel, ubg, iwantri1976, mixedmentalarts, made-navicula, adeshvy, nelkonmark

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@a-0-0 · Jun 23 '18

# ➜@bible.com

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@ace108 · Jun 23 '18

Reminds me someone said buy when there is blood in street

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@samstonehill · Jun 23 '18

And for sure there is blood... but will there be more next week???

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@ace108 · Jun 23 '18

Then people may vomit blood.

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1 reply

@anasuleidy · Jun 23 '18

I am new in this crypto-monetary world and I do not like pessimistic (or realistic) people and I only hope that it remains at a price that benefits us all. I do not expect it to be a price that reaches heaven only a balanced one.

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@samstonehill · Jun 23 '18

No matter how much someone may tell you they know what is going to happen, good or bad news stories they cannot know in advance... and these news stories have the ability to suddenly change everything.  So, the way I look at it, better to remain optimistic.

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@anasuleidy · Jun 23 '18

So it is, also because we become bitter or worry about something that has not happened?

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@barbara-orenya · Jun 23 '18

Bahh...It doesn't take a lot of optimistic persons =)) ....isn' t one aligned  more powerful than hundreds misaligned ?  ;-)

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@samstonehill · Jun 24 '18

haha!  Looking at it today apparently it is still headed south.  

...but will break out of this pattern very soon in a strong upward direction!

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@boodles17 · Jun 23 '18

It's almost as if the Feds are trying to force the price to go down but are having difficulty in controlling it as other investors seem to be jumping in?

👍 vthor

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@samstonehill · Jun 23 '18

It does always feel to me like one group forces it down and then another group forces it back up (like the goodies and the baddies!)... but that could just be in my over active imagination ;)

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@gabriellasam · Jun 24 '18

hoping that soon it will rise as it did before.

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@samstonehill · Jun 24 '18

You and me both.  It isn't looking too pretty today!

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@ihtasham · Jun 23 '18

Now a day bitcoin gone to hell i am very worried about that. 
I think this gone up but don't know when

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@samstonehill · Jun 23 '18

There is only so long they can hold it back.  Next year will see big growth if it doesn't happen this year.

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@ismailsagor13 · Jun 23 '18

Now a days people did not interest about bitcoin

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@samstonehill · Jun 23 '18

Now seems like a great time to invest to me

👍 vthor

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@tj4real · Jun 23 '18

The zig zag movement of the price is facinating. Im still optimistic about a price increment very soon

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@samstonehill · Jun 23 '18

I agree it has been facsinating to watch from the perspective of a newcomer.  

Am still kicking myself I didn't tether everything back at Christmas, but this of course is how we learn ;)

Here's to a bit of optimism!

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@vthor · Jun 23 '18

Very interesting for me was:
>As someone who doesn't have a bank account and is currently holding ONLY crypto

I'm lost everything, and I recovered to have one bank account (to bills and get paid) while I'm about to launch a a product which can only purchased with crypto - while I have to pay my provider with fiat.
Like I'm really broke at this moment I'm thinking sometimes to work for fiat on pages like getacoder, upwork fivver etc.
But this is more desperation driven and not my conviction. So Since yesterday I think to over to work some hours a week for crypto, although I should probably focus more on my business.
Get you managed to live by crypto, or you using still more cash? How difficult is it to find sellers and customer who accept and pay with crypto?

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@samstonehill · Jun 24 '18

It is not an easy transition because most of the world have not yet woken up to crypto, but it is possible.  I am lucky because I have always been able to meet people who want to buy BTC in exchange for the local currency, but am also in the process of setting up an account with Revolut.com who (for a fee) will exchange crypto/fiat 

Also, my partner does still have her bank account, though there isn't any money in it!

We don't have much either... but fingers crossed the market will rise again soon :)

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