Does this current bullish cycle not worry anyone?
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.
https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
Most people that know how markets work know that healthy markets need to correct to continue growing.
The current bullish cycle is larger than the first and second one, where we saw some nasty corrections, meaning things could get real dirty, real soon.
Market cap has increased from $250B to $310B within 7 days.
I want to know what people think.
https://gyazo.com/d0acc37f197a677ac4752650c7e94e77
It definitely worries me, but I don't think I'll stop holding anytime soon. Sure a correction could tank everything, but in the end, there is strong support for crypto going into 2018 and that's really the only reassurance that I need for now. It also amazes me how quickly and firmly bitcoin broke the 10,000 sell barrier wall. It seems like this bullish run could keep going for a bit longer before the corrections come into play. Not sure if this is the best opinion you'll get, but this is what I've been going with for the past few months.