Quote from: MMysterious on May 26, 2017, 11:43:23 AM

It is not impossible for Bitcoin to reach $3000, in fact we don't know it'll reach that price by the end of this month. Who knows right? But one thing is for sure here, Bitcoins price is currently pumping and dumping a little like earlier this morning but it sure will still continue to pump and we might not notice it'll reach $5000 by the end of this year. Anything can happen.

I think we need to start looking at the % of the up and down swings. As we begin to get higher in price we'll see larger fluctuations in price but the % increases and decreases will, more or less, be the same. I am not sure I would even call this a dump or even a correction. It dropped like $400 in price but it returned to previous day's prices and was like a 13% decrease. Larger than one would like, but not nearly a dump in my books. When you are sitting at $1000 price and it drops $400 that's 40% decrease. That's a lot. Almost wipe the price in half. We are so used to the lower prices.

So, I think as we go up we need to get used to $300 to $400 swings throughout a typical day. Sounds crazy I know, but it's really not that major in regards to %. Once the price gets up over $5k a $400 drop is only like an 8% difference. Above $10k and that's a 4% swing. We need to get used to it and not think every drop is dump and every rise is a pump.