Re: Dump the news?

It did rise a fuck ton last weeks. Now segwit is in. What are they fueling the hypetrain with next? Time for a correction?

No dump imo. Why? Because weren't going parabolic to 6k+. Everything is priced in, the market knew SegWit was coming and in between the upwards movements which partially had been pretty steep, we saw regularly cool downs.
So imo the actual price is pretty fair and can not see any crazy dumping happening without any siginificant reason. The next thing we need to pay attention to will the 2x/NYA FUD and their coming fork in November. This will definitely influence and shake the market again.

I already accustomed to such jumps. This year there is certainly a lot, but I always keep calm and after the fall of bitcoin always rewards its supporters by raising prices. People are to blame for the fact that bitcoin has become an object for speculation.

No such investment commodity is free of speculations. When we talk about a decentralized market, situation rather intensifies. Bitcoin can't really be free of speculations and speculations indeed play an important role in driving the price.

I don't think there is any reason left today for any dip. Correction have already happened when Bitcoin went to $3700. Everyone is keeping the July dip as an example of a correction that happens when Bitcoin is allegedly "pumped". But the July dip wasn't a natural correction. It happened because of decrease in demand due to Fork uncertainty. Leaving that month Bitcoin was continuously in uptrend this year with some really short termed dip. This shows there is a genuine increase in demand and thus surge in price is genuine and not a pump. This trend will continue further because now Bitcoin is becoming more and more popular.