Post
Topic
Board Speculation
Re: Why Bitcoin price may not crash like 2013
by
maku
on 17/01/2017, 13:11:18 UTC
all rapid grows in a market must have rapid lowering of price, action = reaction
but i agree, this time it is more value gains than speculation, it will be lowered but no to 500$ range or 700$ range but maybe to 800$ only Smiley
This time crash was created not by market collapsing under pressure of but rather was created by bad news of imminent bitcoin ban/harsh regulations issued by China.
We have no idea where this pump would end (I assume we would reach new ATH this time) if it wasn't abruptly ended by exaggerated rumors.