About bitcoin
After some time we are seeing some good and positive movement in price for bitcoin and crypto in general. Is this good or bad? Are bulls back in a game or they just manipulate the price. Or we have fresh money that is coming into bitcoin and that has given the market a nice pump back into the USD 7500 price level.
Or we will have some other factor into this like timing, or better yet, buying/selling at the right time. Or we will have to make a correct prediction in price and we can have a good profit.
Believe this is just the beginning, on this, I mean that there will be opportunities to make some small purchases, here and there, in the hopes price will continue to raise past the USD 20k level.
What is your opinion on this?
Personally, I feel that the market right now is really only saturated with hardcore believers and speculators. Because of this I think it will be unlikely that a massive wave of adoption or fear of missing out will drive the price up exponentially anytime soon. I think it'll take potentially a while for the price to creep up to the point where there can be a bubbling effect, and then there will be another cycle of boom into bust with a higher support level afterwards.
nice
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