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RE: BTC - New triangle traced - New break out expected
I love bitcoin but I think the price is still to high. I think there is still too much hype and new money flooding in. Long term, of course it will rise. Short term though...I'll be waiting for another bear market to buy.
If we are beginning mass adoption than this price is nothing and it will continue to increase exponentially. No crazy price prediction will surprise me any more.
This is true, but it is expected to drop it's price after the hard fork. Even though, on the long run, Bitcoin with whatever name it will have, it will lead the market!
It could go much higher by than and maybe only drop back down to where we are now. I know many people waiting for a drop to get in, people are starting to talk about it that didn't know anything about it a year ago. Its gunna blow!
This is a good point and I can't argue it. I see people who I know aren't into investing, technology or anything bringing up bitcoin in conversation. This year, Bitcoin might have had more discovery than the past 6 years combined.
Hehe yes a correction should happen soon but you know sometimes, the market like to do some little traps :p So that drop could happen when we don't wait it at all.