Quote from: bituperio on February 26, 2018, 08:54:15 PM

Quote from: KingScorpio on February 26, 2018, 06:57:54 PM

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

More than an arrogance related to the price, I tend to find it related to the dominance. It is fine if one bitcoin is worth 12k, but the real dominance is aboutthe marketcap.

marketcap ist just a multiplication, just check ripple, got an even higher marketcap, needs insignificant price increase and is over bitcoin,

the real meaning is about social support, and acceptance, and arrogance doesnt work well lets see how it backfires at 12k