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RE: Putting Bitcoin prices into perspective before the October 15th fork
From my point of view, until we break 5000$ mark, we are in a bear market! And that kind of market is fragile and susceptible to news headlines. The market also shows a repeating trend on the grand scale, something I wrote about on my blog yesterday. And if I am correct we are overdue for a massive correction. Take a look if you can, and I would appreciate your thoughts on it.
Could be. However, I don't think we will see the same sort of correction as last time- lasting years after the mt gox collapse. Bitcoin is a new asset class, like digital gold - and crypto currencies and companies based on blockchain technology using cryptos/tokens as raising capital IS the new thing. It's so hot right now (to qoute Zoolander) and it will continue to be hot.
I don't think Bitcoin will take a rest until it reaches $10,000 USD!