BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
You can clearly see the trend which has been present since the inception of Bitcoin .

Whenever this trend gets broken there is a market crash, eventually it all goes back to normal.

Current excessive speculation has lead to beliefs about big drops in Bitcoin's price - worst case we hit the support level at around $1500-1600.

The long-term potential is clearly visible.
Hi, you said, whenever this trend gets broken there is a market crash.
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HondaJr HondaJr
@HondaJr, Is the trend the green dotted line you wrote above?
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@HondaJr, Yes. The long term trend is the green dotted line
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HondaJr dannybabbev
@dannybabbev, I see, so it is still over bought..It should be natural to come down to $2000 area. but it is not happening because people believe in Bitcoin..?
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exkuji HondaJr
@HondaJr, and why we should not believe in it? why people buy ETH when that coin is pre-mined and ETH creators can add as much as they want coins into market? When we know that 21 million BTC will be, no more, and now there is 16 millions in market circulation, not much left, right?

When there is ETH 93 millions already in circulation and this is not an end. And people believe more ETH than BTC ....
+1 Reply
@exkuji, ETH is not premined! ETH has no cap on the token supply - and that's exactly how it should be.

The Ethereum network has entirely different purpose that Bitcoin.
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exkuji dannybabbev
@dannybabbev, I suggest to do better research about ETH. I will never ever put money into coin, which can be duplicated any minute by the CEO of coin.
If I am short of money, I sell some coins I just generated - scam system.
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HondaJr exkuji
@exkuji, Thank you for your reply. I will believe in it.
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@HondaJr, At the current moment of excessive optimism in the cryptocurrency space it is normal to be overbought. As you can see the correction is already happening.
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HondaJr dannybabbev
@dannybabbev, Right. Do newbies usually not understand if it is overbought or not? And just come and buy them ? If so, more and more people come in and do the same thing in the next few years?
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