Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think it's hilarious people think bitcoin is going mainstream. It's no way near ready to go mainstream, not the exchanges, not the protocol, not the services built around it. No way the price is going to stay at 1000+ for very long. Hordes of speculators will cash out. Yes i'm as bearish as it gets at the moment.
Shaky, maybe - but the trend and news is too positive (sentiment wise) so much news will feed through in to price in the medium term (which in Bitcoin terms is weeks) you can play the ups and downs, but it's only going up.
If we hit 900 frothily, we will hit 1000 nonchanatly, maybe not today, maybe not tomorrow - but soon.
If you like to gamble it's all good. But I'm just saying, once the hype dies down it's gonna get ugly.
I'm always reading your posts... When you get bully I always sell. It's always the best thing to do... (no meaning to offend btw)
