Not to be a downer, but I sense a bit too much bullish sentiment here and on other discussion forums.
When expectations get too lofty, and everyone is long, a correction is needed to shake out the weak holders and provide a base for the next leg upward.
On the other hand, this isn't much of a correction yet, accounting for BTC historical volatility.
Yeah, this forum isn't for the skeptics of bitcoin, it's definitely for the bulls. When expectations get too lofty, and everyone is long, a correction is needed to shake out the weak holders and provide a base for the next leg upward.
On the other hand, this isn't much of a correction yet, accounting for BTC historical volatility.
As to the other poster here, I don't think we're going to see $500 by christmas, much less $550. Hopefully by early next year, though.
