Post
Topic
Board Speculation
Re: Bitcoin just hit $675 on GDAX.....fasten your seatbelts
by
Greenenergy
on 27/10/2016, 11:11:19 UTC
For a while, I was really skeptical if we could $700 by the end of October. I guess I am wrong because judging from today's price movement, $700 could be reached anytime now. But I am not comfortable with this fast rise because I prefer a slow and steady climb. But I can't complain if the price continues to soar because at some point, it is going to correct and people will be dumping when they have made profits already.

Sadly, yeah, a dump will occur, because our community is still relatively small. Once we will be a few millions, any price increase will last a lot longer.