Re: Who else is fine if Bitcoin would stay at this price for the next six months?
Let's be honest, the technology behind it hasn't evolved much from a user's standpoint. The price is huge, most of us have made a lot of money already. I'm more than satisfied with the current price, but I think it has a higher chance of a huge correction than to go up. So I'd be happy if it remains at this level. Anyone else in the same boat?
Fortunately (or unfortunately depending on which viewpoint you all prefer), Bitcoin is destined (cult-sounding term?) to go up within the next six months because of the coming Futures Contracts not just by CME but most probably by other exchanges that are already seeing a good fortune to be made via this platform. Yes, personally speaking I have no problem if Bitcoin can be fixed for the next six months while the many problems affecting it can be solved once and for all. However, this is an open market and it can go up and can also go down...nobody can definitely say what will happen because even those who are experts in the movement of Bitcoin may also made mistakes in projections about the future of Bitcoin.
I agree with you on this one. From a technical perspective bitcoin has been going up exponentially, and nothing goes up that fast without a correction. HOWEVER, with the coming CME futures (I believe they are expected in December), we're going to see a lot of institutional money pour into bitcoin. And as we all know, wall street guys are a bunch of greedy gamblers... so bitcoin will probably continue to rise for a few month, and then we'll see a correction sometime around FEB.
Anyways, let's wait and see what happens
