After The Surge...Will There Be A Burst?

[sofi@]

"If there's a pump there is also a dump" this probably the way many people are thinking now we cannot blame them because this is how the value of bitcoin grows, it's a part of the cycle but for me I am confident that if ever there is a dump with bitcoin price at the end of each cycle a more highly price can be experience. We don't have to worry if there is a burst just trust in bitcoin.

[squatz1]

Yeah i think by last week of december there will be a correction, it happened in the past that everytime bitcoin rises there is a correction that will follow that but like what happened before after the correction it will rise back up and will continually be on a rise for months say about 3-4 months then the same thing will happen. So i guess 10k will be reached by february. This is just my take on it.

Well as I've said this during every other pump, I do as well think that there's going to be a correction -- if you are to look at the price of Bitcoin right now you'd see that it going up like a straight line. This is something which we haven't seen before, like EVER. What was the ATH of Bitcoin back around MtGox? A couple thousand? Nothing like 9k, 10k?

This is sure to fall at some point. The BILLION dollar question is when, and how much.

But I do think there will be one though, there must be one.