Re: Road to $8k? Bitcoin parabolic curve kinda dangerous

Quote from: Haunebu on May 13, 2019, 07:36:07 PM

Quote from: jak3 on May 13, 2019, 05:35:30 PM

I don't care about any profit or dangers all I care right now is what exactly is causing this price growth. there cannot be people buying more and more coins because binance got hacked or anything like that. or does people are actually joining bitcoin at this rate? doesn't makes sense but its rising fast.

What the heck are you talking about? Don't you read the news? Everyone are aware of the Fidelity and Bakkt news which is possibly behind this surge. The upcoming halving event could also be a reason. Do your research.

https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks

https://www.newsbtc.com/2019/05/13/bakkt-launches-bitcoin-btc-futures-at-last-crypto-market-strong/

Research always helps in predicting the surge and the dip and bitcoinForum is very helpful for updating us with the latest.

the forecast of bitcoin in terms of dip is always highly unpredictable, However the news around the world such as India banned cryptocurrency trading has effected the coin which maybe caused the dip. so news like these can help to predict the fluctuation and in my opinion it is ideal to take some fractional amount in order to minimise the risk.