This is a bit too volatile , and unhealthy growth. I hate to see what will happen with mainstream adoption... shudders...
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
Still very little news and press coverage outside of our circles -
https://www.google.com/trends/explore#q=bitcoin&date=today%201-m&cmpt=date&tz=Etc%2FGMT%2B6
Very few mainstream interest. We are still obscure and are seeing a very small percentage of 1.4 billion Chinese shore up the price due to increased need for capital flight.
When we pass 1100 USD , and the press starts covering this expect much higher volatility.
That could be correct regarding this thing seeming to move a bit quicker than it is going to be able to support... Though going up to $800 or near $800 in this particular run may be good and then hovering between $600-ish and $800 for several weeks, could also be a good thing?
I'm not sure whether we are quite ready for $3k to $5k, in this run, yet. It seems that Bitcoin, the security technology, is ready for that price and probably could even support coins at $20k or more, but I am doubting whether we are either psychologically ready for $3k to $5k or if there would be a broad enough mass support in place or enough user-friendliness for much of the basic entry-level use cases at that price.
Whether we go to $3k to $5k now in this run or in the next price upsurge that could likely occur within the next several months, either way, we are likely going to experiencing some correction after the point of getting into the $3k to $5k territory, into the mid-to-lower $1,000s... that's my current thinking, as I am watching this intensifying price action over the past several weeks.
?
