Is $3000 Bitcoin sustainable?
With so much money pouting into cryptocurrencies one has to ask whether Bitcoin at $3000 is sustainable without having a necessary and needed pullback to attract new money?
Such a meteoric rise usually follows with a big collapse soon after so we really need to be careful entering the market now in a big way.
Being already invested I find that slight entries now can alleviate any excess push however if I was new to crypto I doubt I would but at these prices.
Personally, I would like Bitcoin to crash so I can finally sell my Altcoins.
However, I don't think the crash will be devastating.
No, $3,000 probably isn't, a correction may be due. But @ 5-figure price is on the horizon... 2018.