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RE: Bitcoin Booms Above $10k as Next Wave Starts
Thanks for this analysis.
You explicitly mentioned that you don't know how far BTC will rise again.
Later you said yourself that eventually the money-flow into the market will decrease.
I wonder if this isn't already happening. Volumes are rather low currently and a lot of people burned their hands in the last weeks.
How large can another bull-run get? Not much has changed compared to November/December. Major companies investments, development of the currencies and general adoption certainly lags behind the already overpriced market.
Because of this tend to believe that a "crypto-winter" could still be imminent.
What are your thoughts on this?
Well Lightning network is about to happen and also low price is an invitation to institutional money which will certainly not come during the highs. As soon as regulation settles and ETFs launched, we may see huge volumes come in if the price will still be low.
Light Network is still months behind, and is very buggy. It may be on the mainnet, but on the testnet a little more than 1 BTC has been sent. The team is making progress, but it is not ready now.