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RE: Bitcoin is a raging bull

in #bitcoin6 years ago

Those are TA. I still think the fundamentals need to be in place. I hope to be wrong, but i don't see a bull run happening anytime soon. maybe there will be even more consoidating movements for the next few months or a year before anything massive happens. it's the case with other important stocks and commodities; a boom occurs, and then it takes over a year to correct, and then it gradually climbs again. We may not see that massive and speedy bull-run again. Only a much slower one.


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I know BAKKT, and i think that what happened last year was just thousands of people buying cryptocurrency out of emotion. They didn't want to miss out. Today, the dip is about the exact opposite of all that emotion. BAKKT will be major, it will make a price spike, but how many people understand what it means enough to make them throw in money just yet?

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