To preddict the market, we have to pay attention to the more stable prices before and after Mt. Gox in 2013/2014.
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
~snip~
"Don't buy now".
It may even be wise to lock in some "real" fiat money instead.
Another question that others should ask:
"Where does this USD 6000 quote come from?".
Is it really true that there is a "spot" market between BTC and USD. But how can trading exchanges give spot quotes when a bitcoin confirmation of 6 blocks may take hours? So we have to know how "spot" real is the USD 6000/BTC that we are given.
Also ask:
"If you want to sell your bitcoins now, would the orders get through with confirmation?"
"How long does the sell confirmation takes?"
"Are there real buyers at current prices?"
There is no connection between MT. Gox and current price, exchanges have to pay attention to their security and keep most bitcoin in cold storage.
Do not buy at $6000?
Current price is $7100, LoL
Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years.
And bitcoin will continue to rise over $8K in this year I guess. What about in 2018? and you said do not buy.
Well, I prefer to sell instead of buy
If you are familiar with logic and reasoning - as with proofs in pure number theory - you will easily see that your statement "Bitcoin price gain more value in the last few months compare to bitcoin journey in the last 7 years" need not have to have anything to do with whether you show now buy into Bitcoin. The only answer you need is to this question:
Is this a good time for me to buy and hold now ?
You only need to be "smart" and "know" if it is a good time to buy now at 7000.One more observation. We are all born different. Some are just smart and some people are just rather dull. It is just like this and we can't do anything about it.
There is a popular Arab proverb:
He who knows not he knows not, he is a fool. Avoid him
He who knows he knows not, he is simple. Guide him.
He who knows he knows, he is wise. Follow him.
He who knows not he knows, he is asleep. Wake him.
He who knows he knows not, he is simple. Guide him.
He who knows he knows, he is wise. Follow him.
He who knows not he knows, he is asleep. Wake him.