Congrats to everyone for reaching $20k again.

[KTChampions]

After this pump, the name of the topic began to look more pessimistic 
By the way, I got out at 23500, was that reasonable? Now I can buy off at a better price, but I want to wait for a more serious pullback.
For some reason, it seems to me that the next wave of growth will be only after a good fall in order to throw off the "extra" investors.

[philipma1957]

personally I think we go up to about 30k then correct to about 21k

21k is about what miners need to mine.

But I don't know much I am in the dark as much as the others.

[KTChampions]

personally I think we go up to about 30k then correct to about 21k

21k is about what miners need to mine.

But I don't know much I am in the dark as much as the others.

Miners will mine even at 10k. Given the fact that new asics are more and more efficient, we will not even see a large drawdown in the hash rate when ineffective miners are turned off. I have not checked the numbers, but now the miners have extra earnings, and if the price remains at this level, then we will see a constant increase in the power of the network.

[exstasie]

personally I think we go up to about 30k then correct to about 21k

21k is about what miners need to mine.

Why $30K? And why should it matter what miners need? They deserve to be shaken out like everyone else.

Until something else is clearly going on, I'm still mulling over a March 2017 scenario, where the market spiked 17% above the 2013 ATH and then crashed 35%.

For comparison, the market has extended 19% past the $19.9K top that was set 2 weeks ago. Interesting times!

[mirakal]

personally I think we go up to about 30k then correct to about 21k

21k is about what miners need to mine.

But I don't know much I am in the dark as much as the others.

It's really possible, we past the previous ATH and this is like the previous bull run that everyone was into FOMO.
The scariest part is the correction to be honest, while people will get into FOMO, it's also expected that they will into panic once the correction starts.