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RE: Is This The Flash Crash Before Uncertain Times
Thanks for the post @bitcoinflood because I definitely feel the same way.
In my opinion the jump and recovery was a big "dead cat jump".
Even though there is very much uncertainty in the market, when the price of Ethereum and Bitcoin got that low people just couldn't handle not to buy.
With all the pseudo good news and the thousand bitcoin proposals that 70% don't understand people thought they wouldn't see these prices for a long time and bought.
With the prices of BTC/ETH at this moment one may think they where right, but trust me they're wrong.
Short pump and dump for sure. Few hours later from post and we are down over 10% on most and tracking down. I think we will be seeing a sell off till we are more in the known about some changes here. If all goes to plan though I do for sure see bitcoin at $5,000 by years end or plus.
yep, yep, and yep. couldn't agree more with everything you just said.
Yeah this is not about pessimism about Bitcoin, its about recognizing the market. I would like to read more of these discussions :)