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RE: Bitcoin (BTC) Evening Update: Could the Bottom be IN? Check out this Analysis!

in #bitcoin7 years ago

From an entirely non-wave point of view, much has changed - that was a few weeks ago. Since then, btc has consolidated a lot in the minds of people globally, even he bitcoin cash conundrum today reinforced it as a haven of value for the future. Bitcoin is totally the thing and I can't see any danger of it going below 5000 USD, ever again, as we all expect an influx of institutional money soon - but that's my opinion. I wonder what haejin is going to answer, as he refuses to even acknowledge that institutions exist ;)

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BTC will crash heavily after reaching 15k or maybe 30k. No doubts about that. When this happens, then the BIG money will buy in and we can see 1 million $ BTC everyone is dreaming about.

Anyways, it is just one of the possible scenarios, but this is the one i'm betting on.

EDIT: We are talking years, not months.