So bitcoin recently busted through the $6,000 mark once again. ( currently at $6,350 )
Do you think that it will continue to rise the way it has been the last few days or are we in for another market correction/dip in the oncoming week?
Let me know your thoughts!
Definitely it will increase in future market. Because lot of users and traders are invest in Bitcoin. So demand of Bitcoin also increase and currency value also increase. In future all the government are accepted in cryptocurrency. All the peoples are need to buy a Bitcoin or any other cryptocurrency. That day so many demands in Bitcoin. Before we invest to Bitcoin is better for the future.
To be a bit more realistic, the 'lot of users and traders' are just a really low percentage (or less) of the people... Bitcoin needs to reach the mass adoption, in order to gain enough trust and stabilize the growth of the price (to get the price less volatile, smaller dumps and also smaller drops in the uptrend). But until then we'll have higher pumps and huge dumps as well.
The pump and dump on the price of bitcoin is very common. The price of bitcoin is pumping now.After the fork the price of bitcoin will attain the stable value. Many new investors are born today.This are the reason for the price of bitcoin is keeps on pumping. Good to see 6000$+ again.