The downside bubble is soon going to collapse soon. Right now we have Wall Street, Asia (taxes), and the double dose of FUD by the media creating a massive Bubble to the downside that even broke 10k at once, and may break it again.
But this bubble is going to POP really really soon - guarantee it.
Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.
But this bubble is going to POP really really soon - guarantee it.
Why is it that some people only talk about bubbles to the upside? We are definitely in a downside bubble right now for Bitcoin. For alts, I agree there was a large upside bubble. But Bitcoin hasn't even moved much recently. Definitely a downside bubble for a 0.5% adopted currency, and store of value.
January 2017 $1,000
January 2018 $10,000 (surely won't go below $7,000)
It's what I see and I am still happy. People think the value can only go up but it doesn't work like this on markets.
People are focusing too much on China but its nothing about this, it's about the futures contracts that ended on January 17
Let's see what is going to happen now.
