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RE: The Post-Futures State of Bitcoin: Day #12
Interesting post.
What would be your opinion on this matter -- do you think bitcoin is 'terribly overpriced'? What valuation do you suppose most people would feel 'comfortable' bitcoin sitting at?
I'd be comfortable with bitcoin at $10 million. Price is kinda or will be even irrelevant some day.. Having any sovereignty at all will-may be all that matters. Especially to the FATCATS... Except for us dogs.. when needing/wanting appreciation... So many big dreams.
lol yeah I think I rolled my face on the keyboard typing it up originally. Note to self: don't go on steemit after having had a few drinks and try to blog. :D
It could be a temporary move to catch a large crowd trying to sell on January 1st, but it could also be a play by big investors betting against the value of bitcoin while having some on the inside pushing the price down. But I would think the rest of the market would resist if not in agreement.
BTC Could go as low as 9 or 10 thousand if going by the charts.