Every day is one day closer to the halving. One day closer to the next ATH. I've started banking my trading profits in BTC instead of dollars. We'll never see $220 again.
please explain.. what is keeping bitcoin from seeing 220 again ?? what is your idea why that is ?? just the halving is the reason why u think that ??
Bitcoin has the attention of the big fish now, guys like Bill Gates who are looking for an entry point. The Greek runup injected some FOMO into them. The VCs and anyone else who wants to stake some real estate in the world provide the support and the poor schmoes in countries with unstable currency regimes will provide the dumb money to push new highs. Mexico is going to shit again. over 16 pesos to the dollar and that remittance market is potentially huge.
that's holding the price up ?? guys like bill gates might buy some bitcoins ?? why is everyone waiting ?? obviously we are at the lows according to everyone here .. seems like the greeks should be piling in by now but apparently they are still waiting for just after the very last moment...
All that 230$-317$ movement was nothing but hype plus chinese LTC scam scheme and everyone do realize it now, thats why price is barely holding above 270$. Dreaming about "big fishes" is bullshit - if they wanted to buy btc they would've bought it long ago. Greek hype is over, poor greeks are buying food, rich greeks moved their stashes from Greece long ago. "Big fishes" are mostly talking about blockchain technology, not about btc itself. Citibank is developing its own coin as an example. People just dont get that "big fishes" don't need to invest into btc, they would rather create their own crypto with supurb promotion, insurance hype and stuff instead. Why should they throw billions into pumping of btc which belongs to some "early adopters", to make them rich just for lulz?
Blocksize issue still hasn't been resolved which means that btc isnt ready for mass adoption due to weird games of core devs ruining confidence of community. BTC community is just desperate about next bubble but market makers just dont care, so unless blocksize issue is being resolved or some much more significant drama in global economy occurs - there is no way for btc to go to the next ~370$ target imo. Naturally btc's price should correct to 61.8 fib which is around 255$ now and stick there for a while. But its up to market makers.