In the past, a change of 4% was a normal change and did not pay for all that optimism.
It still doesn't in most cases, but when that 4% change made the price reach its highest point this year then it is a worthwhile move.
Tether messing up should actually make the price go down, so from there it's not entirely surprising that people think it will. The fact that it doesn't happen hints at a market that seems to be ok with them being shady.
Coins being 51% attacked should make their price go down as well, but it doesn't happen because of how retarded the people here are.
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The market looks quite bullish, but I highly doubt that we'll see the price top $10,000 this year. $20,000 is out of the question. Price up = people thinking it will go up higher. Price down = people thinking it will go down lower. It's just the usual sentiment riding we see all these individuals participate in.
Before we broke the $6000 level people didn't believe the bear market cycle would rhyme with the one of 2014/2015, and now suddenly they act like they predicted the 2018 capitulation selloff.