An early but splendid good morning Bitcoinland.
Another day another ATH... currently $4740USD/$5955CAD (Bitcoinaverage).
The surprising thing is that AltcoinCash is also up... $595USD/$752CAD (Coinmarketcap).
A great day for those of us who hold both.
Go Bitcoin go.
Bitcoin is getting good ~ $5000 is new floor *//^ $9000 tuff nut to crack!!!
weeeeee
I am not sure what conditions need to be met before a price-point becomes a floor - but probably going above it and then staying above it for a while, then that particular price point seems to be a bargain... ... and these days, it seems like anything below $3k would be a bargain... but I could see prices correcting to $2500 - yet I have difficulties imagining circumstances of again achieving prices below $2500 - even though we know that anything is possible in bitcoinlandia - and we were just at $2500 less than a month ago, so it would not seem too outlandish to go there - yet at the same time, with this seemingly ongoing upwards price pressures, it seems that up is more likely than down, and so once we get in the supra $5400 territory, then $2500 would be a 50% correction - which would seem to be on the upper ends of the correction range, no?
I actually could see shooting straight up to a little above $7k, and then possible a greater than 50% correction could be within the realm of reasonable - but if we keep going in a kind of "gradual" upwards slope, then likely we are not going to experience greater than 30% price corrections at any given price point....
Who is to say? and time will tell. Exciting!!!!
That's what I get for being a dabbler. However, I do make slightly more per year than 9 BTC. But with the way things have been looking lately, 9 BTC will surpass my yearly job income very soon. Yeah, I know, I'm languishing in near poverty.
I guess all the whales are over here.
