You are viewing a single comment's thread from:

RE: Become a dolphin by trading the alt coin correction!

in #bitcoin7 years ago

Part of me thinks that this isn't necessarily a bubble where we will see a crash in the price, but perhaps a slow grind lower over time back towards the mean. There are a lot of people that will buy the dip no matter what, and if the combined pockets are deep enough there will be no crash, just a slow move down towards a support point.

Sort:  

That is definitely a possibility! Howevever the price action has been parabolic in the last month, with no real consolidation in between. This is normally a sign of an unsustainable market or in other words a bubble. I do agree that we will fall towards support, but their is so much hype influencing price action, that I believe it will drop faster compared to a more gradual decline.

Coin Marketplace

STEEM 0.27
TRX 0.12
JST 0.031
BTC 57405.63
ETH 2867.89
USDT 1.00
SBD 3.54