I mean I can see it crash because of all that blind money that came in... with some market manipulation and bringing the price down to say 14,000 everyone who jumped on the train at 17k or 16k might leave when they see it happening and it might go back down even more.
I saw that you quoted my reply, let me tell you that everybody who has invested money in bitcoin during the last few months are just in here for making money by the most easy way..
Even my grand mother asked me a few days ago for bitcoin, maybe they all are blinded for money, or maybe they "really" want to take advantage and just put money in here because they want to leave the actual monetary system.
The only thing that i see that you are right, is that probably not even 1 of 10 people in here are just holding cryptos to use their features, they are just taking care of the returns and the profits, nothing more.
yep indeed it's the most easy way to make money because Bitcoin price steadily increase,
but bear it in your mind that the price that we're current have were pure manipulation.
what i am talking about is,right now the expenses that we need to make or to solve the block around $5000++ (average price).
in other words,the price pumped 3x times from miners expenses.
do not you think it's a high return for them ?
do not you think they do not want to encash their holding to pay their expenses and for their profit at the same time .
also uncertainty that we currently faced make it even worst.
at least until the news about the listing on Dec 18 the price will be dumped a little bit or we will see a correction a week before the end of the year.
well,everything can be happen with it and it's all based on my observation.
nobody know about the future,and all that we can do is hopping for the best