Not sure how high BTC will go this time, but Im expecting a pull back of at least 60-80%... Just as we witnessed before.
First pull back was $30 to $1 (2011)
Second $240 to $50 (2013)
Third $1100 to $150 (2013-2015)
Fourth?!? Who knows...
RE: Bitcoin Surge= Bitcoin retracement
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Bitcoin Surge= Bitcoin retracement
I agree at some point there will be another huge pull back in the 60-80% range but there should be a few smaller pullbacks between now and that time. Personally I would love an 80% pull back at this time and I would be buying hand over fist! Some people I follow tend to think the HUGE pullback will come at a much higher point say around the 7500 dollar mark. Which actually makes a lot of sense because after this smaller retracement we should run to about 2300 and created somewhat of a bottom from that point forward. Just my thoughts
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Could be even higher than $7k, but current bull trend is already a 13 fold one (150 to 1900)... Weekly chart didn't crossed for year and a half... Pump is ongoing... Btc chart looks like Xau gold chart back in 2011, forming moon cakes... There is one price point to look for, at $2400 mtgox goes out of bankruptcy and 200k new btcs hit the market...
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As a newbie to Crypto's I bought in at $1440 range, and my girlfriend at $1700 range, I was looking to buy another but the price keeps soaring so it's a damned if I do damned if I don't type scenario, hoping for the pullback but what if it keeps soaring?
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FOMO you mean :)
No worries, it all depends on what do you want with it, to make some money quick or just to make some savings for future use...
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If you have funds on some exchange, place some orders to catch it in case price falls to $200-500 area, that should be the bottom today, no mistake there... And relax...
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Just like my PM's, stack and hold kind of guy ;)
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