Hey guys, I posted a pretty long and in-depth analysis of my view of the current state of bitcoin here:
In short, I think we are in entering a bubble but there is still room to run. Would love to hear if someone disagrees with the reasoning that I posted and why!
Also check out my bitcoin paper trading app! www.demoinvestor.com
EDIT:
It won't let me post the link properly for some reason. Here it is:
https://www.facebook.com/TBCPredictions/posts/881948598612117 copy and paste, switch the B and the T
In short, I think we are in entering a bubble but there is still room to run. Would love to hear if someone disagrees with the reasoning that I posted and why!
Also check out my bitcoin paper trading app! www.demoinvestor.com
EDIT:
It won't let me post the link properly for some reason. Here it is:
https://www.facebook.com/TBCPredictions/posts/881948598612117 copy and paste, switch the B and the T
If that indeed becomes true, the short-sellers are going to get squeezed badly.
If the bubble does burst, I down think we will lose 80+% of the value like last time (From $1200 --> $200).
We will settle comfortably at $2000+ levels.
I think there are enough people anticipating a bubble crash as a buying opportunity that it might not fall quite by 80% like last time. I think peaking at $5000 and falling to ~$1500-$2000 would be a reasonable expectation.