RE: Why Bitcoin Could Reach $23,000 Soon

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Why Bitcoin Could Reach $23,000 Soon

in bitcoin •  7 years ago  (edited)

It seems you haven't seen the updated bubble model for bitcoin

https://imgur.com/nEnQrWl

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  ·  7 years ago (edited)

It can't be endless, the other name of bubbles is "the bigger idiot" market. In other words, people enter the market knowing that the asset is overpriced, but lead by greed and fomo think that someone will buy it at higher price. And idiots are finite resource.

Of course you're right...but for now, this market has defied all logic...and I suspect it will continue to, at least for the time being. Also, on the contrary, I am making considerable returns mining a variety of coins.

I hope that ypu continue to make money and exit the market at the right time.