Are you worried with the current pace of the rise in pricing of Bitcoin? Is it too fast? Are we expecting a dormant Q1 of next year? Any speculation? Share your thoughts below.
Why should we worried? It will just stress you honestly. Rather than take it as a worry thing to think, treat that as an advantage instead and take a ride. Right now there is a dip and those who take advantage selling at that price level got a profit. But now what in return? They have to wait now for more dip before can get in again because it's non sense if they will just bought today at the price of what they did their sell. They just should hold instead if that is the case.
The advantage of having too "fast" in the movement of bitcoin price is, we can expect a new high bottom after some large correction that will happened. Who wants to go back again for let's say $7,000 below after reaching this level? I doubt those waiting for that level will really buy coins.
Speculation? It will continue to rise so HODL.
I was definitely expecting a drop around $10k back down to $7500 - though any crash would be very short lived just like the week long crash to $5500 on the 2x cancellation.
Still expecting a drop soon. But organic user growth is so huge right now it might not drop for a while. All these new people piling in aren't thinking oh I'll wait for a drop, they're now thinking "crap I coulda bought in $5000 lower a month ago, I better not wait now!"
After getting my parents (~80yo) a little interested in Bitcoin back in August, and a little bit more in October, they finally after seeing this month's rise opened up a Coinbase account last night, just one piece of anecdotal evidence.
So yeah I expect a drop at some point soon but I expect it to be very short lived. I do think we could hit $20k in or before April.
Yay crash time!
As I said in the above post, I've been expecting a crash around $10k. It just happened to go up to $11,450 or so before finally crashing. So far it dropped as low as under $8500, currently back around $10,000. I'm guessing it will continue dropping under $8000 overall and maybe take a few days to come back up. Though I dunno buy pressure is so huge and so much new money is coming in maybe it'll stabilize back over $10k very quickly.
Either way a good healthy drop today!
You really called it a crash? To called it a crash it must be stayed for long duration but it didn't meaning there is no crash as price push up back. I think it's just stay for less than a hour.
