Shocking !!! Bitcoin just quoted @ 9800 and dropping ETH 422 and tanking ...(udates)

vaerospace (53)in #bitcoin • 7 years ago (edited)

I said this would happen

Profit taking and volitility in bitcoin is as inevitable as night and day ... I'm buying bitcoin @ 5700 $ !!!

The BTC price will stay @10k for a few days but when buyers dry up it will tank hard .

I'm watching bitcoin /usd BTC is bouncing off a hard roof at 10 250 $ This is classic captured controlled behaviour I see on other fiat FX platforms , The top 3 BTC ETH BCC are all price tracking each other.

As I write this Bicoins price is moving in 1 - 2 hunded dollar increments between 10300 - 9850 $ US , totally unreal volitility , it seems everyone wants to buy xmas prezzies with their bitcoin windfall , BCH/BCC is also languishing @ 1300 $ and not showing any signs of doing anything

And I will have to ride out a few weeks of instability before Bitcoin rises to around 14500 $ and ETH trades in the mid to late 500's

It just makes sense

It seems the owners of exchanges are going to be working this xmas tuning thier pricing structures every 5 mins as the wild ride of bitcoin and cryto really gets into full swing , there are some serious new entries notably LISK PIRL and Deep Onion into the fray and Bitcoin diravative coins like Cash Gold and Diamond look set to become the go to hedges for bitcoin volitility as well as Ethereum which has seen a good solid pickup to double it value in last few weeks , and iMHO looks set to continue this trend far into the mid-term future .I see Ethereum around 2000$ mid 2018 and around 5000 $ 2020 as uptake by traders accelerates and trust in Ethereum as a stable unit grows.