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Thats weird, i thought these "round" numbers are mostly psychological. The previous bitcoin peak was around $1000 and followed by a looooooooooong winter. I tho
by zerostar07 9y ago
Thats weird, i thought these "round" numbers are mostly psychological. The previous bitcoin peak was around $1000 and followed by a looooooooooong winter. I thought it would repeat itself, hover around $10000 for a little and then go for another looong dive.
But maybe there's too much market activity to stop it yet.
It's fun making this kind of predictions. I would wager for fun that it will not reach $20000 before it starts the dive.
- codingdave 9y agoBut my concern is where that market activity is coming from... extremely fast rises in other markets (outside of IPOs or legit business successes) tend to be pump & dump efforts. Is such a thing possible with Bitcoin?
- berberous 9y agoCoinbase is the #1 trending app in the iOS App Store right now. Crossing $10k is getting a lot of press and causing a lot of FOMO. The wall of dumb money about to enter is huge and may be able to keep this rally going for a while.
- zerostar07 9y agothats why i assumed that the previous peak had to do with a lot of press about bitcoin crossing $1000. but maybe it was just mtgox
- Klathmon 9y ago>The previous bitcoin peak was around $1000 and followed by a looooooooooong winter. That was mostly caused by an exchange at the time (MtGox) going under. The price increase was because bitcoin was the only way people could get their money out of the exchange, so you had to buy to transfer it out.