Bitcoin doesn't dip anymore
Think of a tsunami that ironically sucks the water all the way out first.
One hell of a wave if it comes, or maybe this is the wave? I'll ride it! Exciting time to be involved.
At this point I hope for a crash. That growth is not healthy and sooner or later this thing will implode. I think right now is the last chance for a corrective dip. From here down to 10k, and if it bounces off from there, we can go higher in a couple of month.
If this thing keeps going to 30k, this is definitely a bubble which is going to pop hard. And for the next one to happen it will take years.
The only way out, is making bitcoin to an actual payment vehicle. The moment you don't need to get out of bitcoin anymore, the world has transformed to the crypto hodler utopia.
I just fear we are not ready for that right now.
LN is still a while away and even longer from average joe use. LN needs its own killer-app with segwit integration (And probably bigger blocks somewhere down the road) to make a difference.
If an acceptance by a site like amazon or alibaba follows with this, it is the perfect storm.
In the meantime we can only hope for the birth of a new religion, the cult of the hodler.
If everyone just believes hard enough, bitcoin will be worth millions.
crazy times.
edit:
TERA every post you make reeks of some kind of bitterness? How many bitcoin's have you got? I’m going to guess less than 10 & you’re upset/angry/depressed about having the opportunity to be rich AF as you were in & around bitcoin early enough but sadly made the wrong decisions, sold early etc.
HODLERS who make shit loads of money don’t need to sell/trade constantly.
What’s your situation?
oh shit, and here it happened
Poll
