I don't see any crash coming. There is no potential bad news on the horizon. Bitcoin is not being pumped, there are no huge fomo's. It has self correction within the slow rise to its current level. You should watch the rise and falls within its slow rise to new heights. Best to look at a real time chart to see what I mean. Falls usually occur when a coin is being pushed hard with lots of buying and no selling. But when there is a steady rise above lots of buying and selling then you should feel safe. I am still new but I have bitten the bullet on many fomo's early on and usually don't panic when there is alot of red bars with the green bars in the slow climb to new heights.
Either way, if you are afraid, take some precautions. I took some profit and bought cheap silver. That way if there is a crash I hedged myself.
Either way, if you are afraid, take some precautions. I took some profit and bought cheap silver. That way if there is a crash I hedged myself.
There doesn't need to be any bad news for bitcoin's price to crash. It simply just rose too fast in a short timespan. I'm not saying that it's guaranteed for huge crash soon, but it's more likely.
With all honesty, tell me. How is a 60% increase from $2700 to $4300 in only 10 to 15 days a "slow rise to new heights"? I don't see in any way how you call that a slow rise. Maybe you should take a look at the charts yourself, since I'm not sure if we're looking at the same graph. How do you even know or prove how there are no "huge fomo's" anyway?
