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
I wouldn't want to use the term "arrogance" in reference to the continuous fall in the price of bitcoin. Some may have their own opinion for saying so but I strongly believe its all about the demand and supply which changes over a period of time; a trait that characterized cryptocurrencies. What about the altcoins that keep falling everyday; is that also arrogance?