A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.

Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.

Seems like 5000$ is not a dream anymore

Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.

Cos there ain't no tax on it. If you're tax averse it's literally the only game in town, and the entire planet.

projected versus actual

GBTC update: great 2-day run. Current implied price is now $9,270 per Bitcoin.

my problem with selling bitcoin cash and moving it to BTC proper is taxes. IF I ignore it the IRS may call it a stock split...
if I dork with it and move/sell or whatever they may say it is money from air (like mining) and want 47% income tax.
(yeah I'm in that bracket)

so I'm just leaving it alone and playing ignorant (along with my bytetball, bitcore, clams and any other air dropped stuff to my BTC addresses
I just know if I cash out ...that will count as a tax event ..even if I move it in like kind to btc....they will call it mining...or income

from air and tax it like mining....just saying..its the IRS...they really don't like money from air (mining) in the usa..I think they will tag
this as such if you move it....sell it...or whatever..the 2013 IRS guidelines were released 10 days before the tax deadline in 2013....so
I am cautious..(The IRS no like us much me thinks)

why I'm on the fence or my strategy at this time

I strongly recommend you check your email addresses here https://haveibeenpwned.com/

711 million mega dump recently passwords and emails comprised .

Onliner Spambot (spam list): In August 2017, a spambot by the name of Onliner Spambot was identified by security researcher Benkow moʞuƎq. The malicious software contained a server-based component located on an IP address in the Netherlands which exposed a large number of files containing personal information. In total, there were 711 million unique email addresses, many of which were also accompanied by corresponding passwords. A full write-up on what data was found is in the blog post titled Inside the Massive 711 Million Record Onliner Spambot Dump.




 

Everyone bought the dip?  

Intersting news - thanks for sharing - hopefully that will add a small increase to the long term value of BTC - good news in my opinion

So in Russia they will make it legal and possible to trade Bitcoin and cryptos for the guys with deep pockets while the average worker will not be allowed to invest in it. This is pretty sad to read and I doubt it will work out.
Probably a thriving black market will exist beside that regulation, as I can not believe people who are aware of cryptos will accept getting robbed the opportunity to invest or speculate with that technology, which could change so many people's situations into a better life.

It looks more like a slow decline from yesterday's blast up. Totally normal.