Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I have never experienced an all time high rally before, and half the forum members probably joined after the last one. The bullish emotions sweeping through the forum are infectious and could become the biggest driving factor for the price. Zimmah's prediction could be made a reality by those emotions despite any other factors.
I experienced the last one in 2013 - every last day of it, including the grizzly descent back to $200.
You'd be surprised how smart many traders are who actually drive the price. They just go by charts - nothing else and if it went up then it's coming down, no buts about it and no matter what the "fundamentals" say. I was amazed at how all kinds of bullish events were happening - Overstock started accepting bitcoin, new Chinese exchanges, Bitpay arrived, talk of ETFs you name it. Yet the price kept plummeting. It was perplexing to watch.
The only thing you can be sure of is there's no amount of reality that can out-do your imagination. So if you imagine some future, take 5% of that and you might be in the ballpark cos hype won't do it - ever
