Bitcoin and the rest of the Market seem to be bouncing back nicely.
Does everyone think it is likely to go way up past the rate it will eventually settle at
or is it more likely to rise and fall and the reach it's eventual rate before stabilising.
Not sure if that makes sense but just wondering what the general opinion is on how it will reach its eventual rate.
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Pump will not take bitcoin to 20,000$. It is a slow and steady process and it may take 4 to 5 months until we see 20,000$ again. During this time we may see increase in prices followed by decrease in prices. The prices can not always move in upward direction constantly.
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I agree with this and think this will be the most likely outcome. Do you think it will go past and back or just upto evtual stable value. (Obviously I am just speculating that it will eventually find a stable value like all commodities.
Does everyone think it is likely to go way up past the rate it will eventually settle at
or is it more likely to rise and fall and the reach it's eventual rate before stabilising. Not sure if that makes sense but just wondering what the general opinion is on how it will reach its eventual rate.
[/quote]
Pump will not take bitcoin to 20,000$. It is a slow and steady process and it may take 4 to 5 months until we see 20,000$ again. During this time we may see increase in prices followed by decrease in prices. The prices can not always move in upward direction constantly.
[/quote]
I agree with this and think this will be the most likely outcome. Do you think it will go past and back or just upto evtual stable value. (Obviously I am just speculating that it will eventually find a stable value like all commodities.