Will Bitcoin Crash During the Holidays?
It has been long we interacted. I want to write to you all today concerning my fears with bitcoin.
Bitcoin has been flying for nearly a month now hitting new all time highs just each time after we all thought it was going to crash.
I am worried about how fast bitcoin is climbing. There is "fear of missing out" going on there daily in the market. New people are coming into the market and old holders hardly want to part with their bitcoin. All these culminate into persistent rising bitcoin with virtually no corrections.
Now it is clear wall street guys are also entering bitcoin market. These are experienced traders with huge sum of money to play around. They are helping to push the price up at the moment but I am also seeing another side of the coin.
What happens when the wall street guys close and go on Xmass holidays? Will bitcoin price crash at that time? Will it lead to the anticipated correction of this month long rally?
Drop your comment guys. Follow @richguy always