So now that BTC is back down to $4400~ I feel pretty safe in saying its likely to follow previous patterns.
So what happened when BTC hit 3000? We saw it drop back down pretty hard for a few months. A lot of people thought that this would be it. You had people fear that it would drop down even further. There was all kinds of crazy conspiracy theories about banks forcing the value to stay below as certain amount.
Sound familiar? Because I feel like this is the same exact situation all over again. Right now is a damn good time to buy. I feel like BTC is probably going to float at this amount for awhile before it eventually just climbs to 6-7k...
Again, never invest more than you can afford to lose, but right now I feel almost certain that this is just a repeat of previous patterns. Now it might take a year for this to unfold. The last time this happened it took more than a few months.
But I am having deja vu... Again.
I think so to. It is quite possible that the next run up will be pushing it to 8.000-10.000 since adoption of BTC is massive since this april of this year. We see that big money is flowing in. Just my opinion. Good luck!
No, I think it will drop more and then it will bounce up!
If so I say no lower than $3800~ :D