@all
What do you guys think where the bitcoin price will go to now? It seems to get less and less volatile and I think at the end it will spike or crash. And the larger timeframes look like a downtrend all. Selling time? Or can one hope on speculations regarding block halving?
Love that question.
I think fundamentals of bitcoin are very good. It has enormous brand name, many people know about it that have not started using it. But they will come as the price goes up and support that higher price.
Bitcoin has become a ma-mouth, slow in transactions, slow in scaling up etc, but it has the network effect and that is gold. It makes you can fuck up real good and still get growth.
I think chances for another bubble in bitcoin going to new all time highs of $5k-$10k are very high to happen in 2016.