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fineregex
Sep 29, 2017 2:41 AM

Responding to bitcoin bulls. Everyone believes in reversal?  Short

Bitcoin / U.S. dollarBitstamp

Description


everyone believes in reversal? (/"consolidation /"echo )
More exponential moves are unlikely and bad/wrong.
Continuing the trend until 2018 would be impressive but also unlikely.
Yes social networks can grow exponentially but not this fast and then it would not reverse much at all.
investors already pay the price they expect in the future (several times more than the price it would have today without considering the future.)

Bitcoin usage per day :
blockchain.info/charts/n-unique-addresses?timespan=all
(=daily active users counting both, senders and receivers. Almost double the amount of transactions)

Comment

Comments
feattte
all news say btc will crash ...beware
fineregex
@feattte, got some news links for us besides Korean ICO ban?
cycler
Buy the news, buy the rumour, buy the dip, buy the break of resistance, buy at the ath! Buy and hold! (Never spend it though) put $1000 in take 50'000 out in a few months. We'll know soon enough anyway.
coinnosaurus
@cycler, wtf are you talking about?
cycler
@coinnosaurus, I am just making a joke. It is actually a dollar cost averaging joke because Bitcoin is hard to predict in the short term, but looks pretty shaky right now.
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