Quote from: darkangel11 on June 03, 2017, 08:46:49 PM

Quote from: DrTeddus on June 03, 2017, 08:35:18 PM

I'm not sure why everyone in this thread seems to agree that there's no major correction on the way.
Even after the '13 dip, there was a prolonged uptrend before ultimately dipping. Have you all forgotten how fast the hype train can stop? The new money that got in becaus eof speculation's sake is the first to get out as soon as they lose money. I'll be like '29 run on banks where slow (even slower than usual) transactions increase tha pnic sentiment of the market.
Also, people don't need to lose faith in BTC as a whole, it is enough if they believe that they can make some BTC profits if they can buy cheaper.

And how much money do you think came in just for speculation? Speculation meaning to go short? They did and we saw how much it was.
The correction on May 26th and 27th showed you how many people were in for a short ride. They all sold when it started to go down and what remained were the holders, who bought because they believe we can go much over 2,5k.
Have you forgotten we've been in an uptrend for over a year now?

It is not quite clear what you are getting at with that

Does it mean that we should be expecting a decline as long, or it simply means that the price will continue to rise further? As to me, this fact alone (that we have been in an uptrend for over a year by now) doesn't tell us much on its own. The price may continue to rise for a dozen years from now on due to Bitcoin adoption widening. Or this long term trend may in fact reverse, and we may start slowly spiraling down if Bitcoin adoption stagnates or even turns negative, for example, due to people moving their money from Bitcoin into alternative assets (say, altcoins)