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RE: Anyone else see that spike on Coinbase to over $19k per Bitcoin?

in #bitcoin8 years ago

This is just the beginning...

Don't forget futures are available on Sunday and then again on the 18th, which could either drive the price up to $50k or down to $10k.

The upside is still great. Any economist or analyst saying it's overbought (which is everyone) is basing that on conventional theory. Applying conventional theory to an unconventional and revolutionary concept simply doesn't work.

Look for "corrections" but it's going higher long term.

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Check out my latest post on why Bitcoin isn't a Bubble, unlike the other "bubbles" of the past:

https://steemit.com/bitcoin/@bitbybit/3-reasons-why-bitcoin-is-not-a-bubble

Very true. I personally haven't seen anything like this in my short time trading. BTC is defying all conventions of theory, but I believe it's only a matter of time before we see some real downtrends. However, in the meantime, all the indicators seem to be pointing up!