Bitcoin Top?

Top or not, there is some pretty nice volatility there everyday, excellent for daytrading/ scalping. Trade FDAX, NQ, GC, CL and bitcoin during the day and you will never be bored again :-)
 
Illini Trader said:
An interesting thing about the 2001 dot.com bubble and the 2008 housing sub-prime bubble:
No one fully recognized that we were in a bubble until it burst. Even Helicopter Ben said housing prices cannot go down. The guy in "The Big Short" recognized it but the bullish wave almost buried him until reality finally took hold. Now we know we cannot possibly be close to a bubble in Bitcoin is because everyone is calling it a bubble. The bubble callers have never really researched Bitcoin, they are just repeating what they hear on the media because this section of its chart is going up fast.
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That's the tricky part , many people are thinking like you , add to that many people have been calling it a bubble years ago , this time they will be right hence btc became main stream but it may make another last big wave higher before bursting .
 
Surprise said:
That's the tricky part , many people are thinking like you , add to that many people have been calling it a bubble years ago , this time they will be right hence btc became main stream but it may make another last big wave higher before bursting .
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That is the really ironic part. Just as like now, no one can call a top and they can't define the bubble. No one will be able to recognize when the bubble bursts. How is it possible to define it? For example, Bitcoin could drop $12,000 from its high today, a drop of 70% and still be higher than it was on Novermber 12th, less than 5 weeks ago.

Lets face it Bitcoin will have massive percentage drops as it has had in its short history but none have put Bitcoin into the "dustbin of history" and none will in the future. Bitcoin is a world wide recognized store of value and will continue to be so. Dips will be purchased and massive drops will be bought with a vengeance.

Those who are calling it "Bitscam" and "Fantasy Coin" are living in an alternate reality.
 
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