Bitcoin Nearing $4000 - Is it going up too fast?
Bitcoin broke the $3700 barrier today. We are only $300 away from $4000 - another milestone.
I wouldn't be surprised if it breaks the $4000 barrier before the weekend is over.
Does anyone still remember what happened in the middle of July (yes, less than a month ago).
I had the same feeling when Ethereum broke $400.
Don't get me wrong, I'm long on bitcoin among other altcoins, but every time it moves too fast and grabs headlines, people start selling off / taking profits and that leads to a correction.
Am I the only one worried that it's going up too fast?
full power upvpote for u!
and good prediction! it id pass $4000! and its at $4427 right niow!!!
Thank you. Yes I predicted it would break $4000 before the weekend is over but I also predicted it would start correcting. Right now I’m already $400 over that overbought target. I have a buddy who’s trading that in and out. Gutsy!!!
I agree with you man! It feels a bit too rushed, but then again I would like another buying opportunity so I wouldn't mind a bit of a correction so that I can buy in again. In the long run it should keep going up so its fine
Yes I believe in the long run. Look at where Amazon is now compared to the late 90's. I believe this is where bitcoin is now. I can see $10,000, $25,000 and upwards. But for it to double in a month? Granted that was the bottom from the last correction but 100% in a month for the #1 cryptocurrency will get too much publicity. If it does break the $4000 barrier, you can be sure the media will start the bubble talk again. Oh well we need corrections to buy in the dips. My question is what will happen to Ripple and Steem when the correction happens because these two aren't going up now with $135B cryptocurrency market cap. What will happen to them when it corrects to $75B or lower?
As long as you don't panic when it corrects. Just use that opportunity to buy more. It continues to correct, but then it breaks through the previous barrier every time and continues upwards.
I almost got in the bottom two weeks ago when it went below $2000, but alas, it's IMPOSSIBLE to time the bottom and I didn't get back in until close to $2500, and I sold some too soon at $3000, missing out on the recent upward move but hindsight is 20/20. Corrections are healthy for the market and I see one happening soon.
Yes I think you are right, there's not been enough blood on the streets recently!
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STOPyour right!
bitcoin moves too fast.
Can someone give me $1BtC ? :-) :-)
This is My Bitcoin wallet Address
1515h4xNYaa9aDFeAbo8KyveN3qSF75Lkv
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too fast, it need to drop so i can buy again, its keep going up and up.
BTC Hit $5000 soon