For some eerie reason, this is beginning to resemble the madness in 2013, when Bitcoin went from $100 to $1200. We all know that in the long run, it has recovered, but people who get into Bitcoin now will get disillusioned if we crash from here. I don't think that is good for Bitcoin.
I tend to agree here. The great speed reaching this price is quite astonishing to me. I still can't digest the situation as to who is pulling the strings and pushing the price to $5000-$6000. Is this just for the free coins(Bitcoin Gold)? Or some big entities behind playing the market price on their favor. It's gonna be hard if you enter into bitcoin today and immediately the whales dump it hard cashing it out laughing at the side and does that are late are the ones who will be affected if ever that scenario happens. Well, Oct. 25th is not that far, we will know one everything is cool down and settles and see what gonna be the bottom price after. I hope that its sustainable, but history tells us otherwise. We will see.
