Bitcoin price is soaring. Its price trajectory is extremely steep. I fear that the Bitcoin price bubbles is reaching its point of yield. What is mean is, that such steep ascents in anything are rarely sustainable. I am going to sell my coins fairly soon. What do you all think?
you are correct, the fast rises like we saw last month are not sustainable and it didn't last. price fell down about $800 from the ATH in a process that we call correction and then recovered about $200 and became stable around $2100-$2200 for a while.
this rise is a new one and it is not yet even steep.
also rises like these are perfectly normal given the circumstances. i guess you missed the biggest news a couple of days ago!
the largest Forex broker in the world added bitcoin do you even know how much volume that thing brought into bitcoin?
Link.
feel free to sell though, more cheap bitcoin for the rest of us. it is not like there is only a limited 21 million coins total and it is not like the population of the world is 100 times that number.