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Author Topic: $10,000 BTC Here we come!  (Read 1290 times)
Carlsen
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February 24, 2017, 08:50:43 AM
 #21

Let the Bubble commense Grin

Nooooo.. please no bubble building!!!!
Bubbles tend to implode. I don't like things that have the capability of doing so.
I like my stuff to be permanent, reliable. Most of the people do that.
Of course I have nothing against an increasing bitcoin price. But a slow and steady one.

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1Referee
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February 24, 2017, 08:58:32 AM
 #22

Let the Bubble commense Grin

Nooooo.. please no bubble building!!!!
Bubbles tend to implode. I don't like things that have the capability of doing so.
I like my stuff to be permanent, reliable. Most of the people do that.
Of course I have nothing against an increasing bitcoin price. But a slow and steady one.

If intense buying is happening where it results in the price going up higher and higher, it will be inevitable that at some point a severe correction will take the price back down again. It's Bitcoin that we are talking about after all... Just look at the dump that took the price down with ~$110 in one go. That was a serious bit of profit taking. Advantage is that the person(s) that were responsible for this dump have cashed out profits, and thus they don't form an obstable anymore.
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