With all the money flowing in from blind investors and all these sudden massive increase in only a few days, are some a few scared it will crash?
I'm not saying go to 1,000$ but crash back to 10k?
And I know no one can predict anything... I'm simply asking for opinions...
The massive increase in the price happened last week, and with it, the correction. We went close to 19k and then last weekend the price went down to 13k-14k (that's $5000 difference).
We won't see 10k again unless a big crash happens (a 40% decrease in the price), which is very unlikely. I'd say the new floor is around the 16k mark (the price has been pretty stable at that price since monday) so from now on we can only expect to see the price going up/down with the usual fluctuation.
But worst case sceneraio, it goes down to 10k...so? that would be the perfect time to buy cheap coins before it jumps back to normal.
I wonder if people have not really been looking at the charts. There has been some tug of war lately between the bulls and the bears after the correction and we all see the outcome. Now the market is testing back up and I really do not know why some people are still waiting for a crash that may never even surface. Even if it eventually does, that just gives us more room to have more for ourselves.
There is a possibility and you have said it already, no one can predict anything. We may just all be scared for nothing and hoping that we will have a massive correction and we may not.
It is just reasonable that after such a long quick ride with the massive increase in profit, there should be some crazily huge correction, but from what I have been seeing recently after testing the tops and coming back down, in the real sense, this is something that may not really come but no one really knows.