WHAT IS THE HONEST OPINION OF EVERYONE HERE?
WILL WE SEE A DIP BACK DOWN TO THE 1,500 RANGE OR NAAH??
SPEAK ON IT.
I do think that bitcoin is going to experience a temporary correction probably in the next week or so. Possibly down to $2000 again like last time it happened. However I dont think that itll ever touch or even go near to $1500 because first of all, $2000 is sort of like a psychological barrier. Just like $1000. Its a nice, round number and people expect the price to stay above that.
When people expect price to be a certain way thats what usually happens - it does go this way. Because ultimately the market is made out of people and people make decisions - the decision influence the price.
I would hold for now, maybe sell a lil because i do think there is something special in this year 2017.
Something special already happen once when the bull run and reach current price, we know the potential of bitcoin and yes, hold is a good decision as the price seems pretty strong right now.
Bitcoin price purely driven by market demands and bitcoin acceptance everywhere, if there are some good news regarding that matters than the price will increase again.