Post
Topic
Board Speculation
Merits 5 from 1 user
Re: Calling top at $16500
by
Ektra
on 07/12/2017, 18:41:45 UTC
⭐ Merited by sgbett (5)
I really think you guys just aren't seeing that we've been having the crashes same as they always came in years past, but they are just recovering much quicker than they used to because Bitcoin is getting mainstream adoption, which means millions of people are coming in with new money, whereas in crashes from years ago when it crashed there wasn't much new money to come in to prop it back up so it would take maybe half a year to recover from a crash. We already saw this speeding up in the Spring when the big crash only lasted a month and a half. We saw it again in September when the crash lasted also maybe a month and a half. Ever since futures were announced there has been mass hype this past month and a half so we've even had two crashes that just looked more like quick corrections in november because the money coming into bitcoin is unprecedented so these crashes (no different then in years past) are now on the timescale of days or weeks instead of ~half a year (MtGox crash was obviously a whole different beast and tied to one specific traumatic event for the bitcoin community so the length of that crash is of no relevance).

Oh you sweet summer child...  Wink