If you have to go around asking people whether this is a bubble or not then perhaps you should not be in this market.

in #cryptocurrency7 years ago

Read and do your own research, keep in mind that past price action is not necessarily an indication for the future. We did not have the futures contracts on Bitcoin which we do now, you can thank them for shorting btc which most likely caused the the 17th Jan events and we will also likely have options coming in later this year too. If the idea of market manipulation sounds crazy to you because "bro the market cap is too big" then you are delusional. Wait for the 26th Jan CME contracts to expire because I personally think Bitcoin will have the rug pulled out again.

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What’s going to happen on the 26th

Anyway, it is just a pattern behavior.

statstitic has proven that it will rise. it is already everywhere to show polls of 50% voted it will rise. in fact it is rising now, just 2 days before the date.

Why 26th January?

It becomes a pattern already, every Monday bitcoin has a bear market and every Thursday it has a bullish market. Also every weekend we see a 1000 dollar increase and then we have a looping. My guess? I think once CME isn't in game over the weekend we can see a price increase over bitcoin value and once CME is in the game we see several dumps.