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RE: Bitcoin visits 12k again

in #bitcoin7 years ago

Hi, everyone. I am not sure about if this is the deepest price, since late October jsut after CME announced the "bitcoin futures" bitcoin gained an amazing momentum, too much volume was there and hit aoround 20k right after the "futures" showed up. Then suddenly without a good reason it crashed back and now the volume is much lower too. So I think those WSJ guys pumped up bitcoin on purpose over almost two months, thus they sold their "futures" with a really high price. They will collect those futures with lower prices. bitcoin prices with its normal momentum in october should have been around 8-9k by now I think. So price may go down a little bit but no need to worry eventually it will bounce back when those WSJ guys think they are full enough. Nevertheless I am not an expert and this is not a financial advice. Sorry for my English by the way, I am not a native speaker.