Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I believe we are at the bottom of Bitcoin's S-curve, the vertical part may last a few years. Look in the media, Bitcoin is getting a lot of good attention, won't be long before it's a household name like Google.
Can't go vertical 'till the masses start buying in en masse.
The masses can't buy in until they have large money available in a venue in which they can trade.
Masses wont have money in such a venue until the 'signup/KYC/AML' process runs its course.
Signup process takes 1-2 weeks after opening account.
Masses will not open account until FOMO.
Masses won't FOMO until news of rise is omnipresent.
News of rise will not be ubiquitous until ATH.
ATH not until..... next week?
Net: If we can sustain this rally until ATH, the real fireworks will happen 2-4 weeks after that.
Yeah - boom.
Like I said, we're at the bottom.
interesting times ahead. (This all in well could go to shit and we're at $250 tomorrow, but I think good things are in our future).