JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 17, 2017, 12:41:06 PM

So i guess
bottom was 2120 (71%)
rebound was / will be about 2550 (85%)
(bitstamp high was 2980)

Now before i was thinking a nearly 30% fall is surely a sign that a bubble is over.
But this theory was destroyed just some days ago with fall to 1850 from 2700.

So right now i guess it could go on
(Theory that bubbles become bigger and longer than before, i can imagine a 6 month bubble)

You must be new around here?

This is bitcoin.

Hello?

It is not a mature market and we seem to be in the early stages of an exponential s-curve.

Don't you know that banker shills and governments want to shake you of your coins and turn you into a pessimist?

We can get two 30% corrections in a few weeks and still continue UP.. We are about to break $2600, which means that we are on our way to testing $3k.. whether we make it there before the end of the weekend is another question.  I think that the odds are against making it to $3k by the end of the weekend.. but surely it is not impossible - but if we do not, then it is seeming likely within a week or so.. but when we are in potential early to middle stages of exponential mode, things can happen fast, no?

And there is no fucking way that bitcoin is in some kind of "bigger than before bubble" at the moment.  Look at history and also compare it to some of the alts.. Get some perspective.  When we look at bitcoin, as compared with its history and as compared with what is going on in the alt coin space, you haven't seen nothing yet..

I am not saying that a bubble won't come, but currently, we do not seem to be in such a thing.