'Bitcoin has gone parabolic,' and that usually doesn't end well, Art Cashin warn

[RodeoX]

In fact, It doesn't end at all.   

Welcome to bitcoin Art. You obviously have not seen this before like we have.

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[Wekkel]

It’s like saying that ‘the Internet reaches 100,000 users and is going parabolic, it’s going to crash’ 
Or ‘there are over 1,000 gas stations now and it’s going parabolic; the car industry is going to crash’.

[cindygirl]

It’s like saying that ‘the Internet reaches 100,000 users and is going parabolic, it’s going to crash’ 
Or ‘there are over 1,000 gas stations now and it’s going parabolic; the car industry is going to crash’.

Except for the fact that neither of them can be held by individuals in a speculative way like bitcoin can, bitcoin being limited lends itself to mass hoarders similarly to say oil where the gulf states hoard their oil and sell it at a price higher than the free market would dictate.

[Hazaki]

Such predictions can miss lead the community because no one can really speculate what will happen next and no one exactly knows if bitcoin is under estimated or over estimated at the moment with the recent events .

Some consider that over 900% of growth in a single year took all bitcoin's breath and it won't grow any further , other consider that this is just a warm up and that by the end of 2020 it'll probably hit 1 million dollar and it's pretty much a matter of perspective and futurist look to either sell or buy from now on .

But i don't see anything looking alike a "parabolic trajectory" for bitcoin's growth  , it's more of a linear growth with little drop backs that aren't usually drastic . And in my opinion the only thing that could get us to that second part after the peak of each parabolic chart is a huge increase of electricity fees all over the world that'll eventually make bitcoin's industry a non so profitable one , and even with that bitcoin enthusiasts will certainly sort out solutions .

The journey ain't ending any time soon !

[sicparvismagna]

Yeah for sure when there is a decrease in the price or any issues regarding bitcoin which upon analysis is the main reason why its price is falling down then definitely they take the opportunity to buy bitcoin. Because you know that bitcoin will strive in any adversity it will face because the potential of bitcoin as a future currency in the world is strong.

[wuvdoll]

The quote from Baron Rotschild is about another situation in a market.When there is "blood on the streets" all the asset prices go down and all the assets became undervalued,so it`s the best time to buy.The situation around the bitcoin market is completely different and it looks more like a bubble.The real question is:"Is bitcoin undervalued or it is overvalued?"I`m sure that a price correction will appear somewhere around 15th December,but everything will be OK,and btc will hit 10K after Christmass.

Right. I am not concerned though and I am expecting that there would be a correction.
However, we cannot really say much for now as most people and traders are thinking alike. Should I sell ? Should I buy ?

Is there going to be a correction? And moments like this can really be crazy which is making so many people to hold and then with the demand from FOMOs, it may really end up more than we actually expect for now.