Don't look into past but into future. The reasons why crash happened back in 2013 were totaly different and there is no need to make comparisons.
We all know that correction will come, that is for sure, but this doesn't have to be crash and doesn't need to happen now. I agree that this huge price rise frightens us all a bit but I don't want to feel the possibility of price drop like a burden. Just have your strategy and some back up plan, just in case.
Topic: Deja vu? - page 2. (Read 624 times)
So we are sitting at 12.5K just like we were sitting at $1,242 in nov of 2013, Afterwards we saw a crash to low of $200 in march 2015, Are we expecting a crash down to 2K over a period of next year? just like it happened back then? My fingers are crossed on this one, I hope it doesn't happens but my spidey senses are tingling. Telling something big is coming up.. Either bad or good, only time will tell.. Are you guys sensing something too?
So you just randomly decided that roughly being 10x above 2013's high means that the same thing will happen haha. You literally have nothing to back this up. This is no different than saying this when it passed any ATH these past few months.
Unless you think another Mt. Gox is about to happen in which the public loses faith in the safety of Bitcoin and many investors lose most of their money, then no, history is not going to repeat itself. In the next year at the very least tens of millions more people will buy bitcoin, if not hundreds of millions. Plus very possible many Wall St investors will get directly involved in Bitcoin through their hedge funds and ETFs. You think this is going to make the price drop? haha.
I'd say main target for 2018 is $50k.
Of course there will be regular corrections along the way as we've been having. But no reason to randomly try to tie right now to some specific event in the past. Momentum for Bitcoin is too strong now to be derailed. Organic growth, Wall St adoption, merchant integration, payment app integration, regulation, nations adopting as legal currency...all these things are happening or about to start happening and will continue happening.
I don't understand how to work futures with bitcoin. I understand why this technology works on a commodity exchange, but the Forex market is absurd. It seems to me that this idea will fail. It seems to me that it will be unsuccessful attempt to stabilize the price of bitcoin. Now everyone wants to ride the bitcoin.
So we are sitting at 12.5K just like we were sitting at $1,242 in nov of 2013, Afterwards we saw a crash to low of $200 in march 2015, Are we expecting a crash down to 2K over a period of next year? just like it happened back then? My fingers are crossed on this one, I hope it doesn't happens but my spidey senses are tingling. Telling something big is coming up.. Either bad or good, only time will tell.. Are you guys sensing something too?
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