Because by now we all know what's going on.
Ohm. Okay. I for one don't. More than two days of rally after
that? And the volume
decreases upwards? Overconfidence pushed price before, check. Disrupting market event recently, check. Inexperienced traders in control of the market? Don't know, but likely. A correction being reverted with incredible speed, uhm yea. Sounds like the complete recipe for a bust. In fact, the up-move right now is almost
too heavy, who is buying above 6.5 right after a chance to buy much lower?
Either I have no clue about the market configuration anymore, or it
is what it looks like and people are signing their own death warrants with eagerness, or there's something else going on I don't understand entirely.
Should I be worried? Or impressed?
I guess only time will tell.
But unless you mean a bust pattern with "we all know what's going on", which wouldn't make sense from the very nature of it, I'm not included.
There will only be 21
Million... Ever. If only 1 million people use bitcoin, there are currently only 8 available for each person IF all holders agree to equal distribution. Yes, we will see corrections, some severe, but this market's headed up. Combine that with the irrational bulls getting liquidated, followed by the irrational short sellers getting liquidated, and you have a strong recovery. Think bending wood. Hear all those little cracks? If you're hearing is less acute, don't worry... You'll hear when it snaps.
