I know it's an unpopular view around here (especially among people like Marcus) that the value of bitcoin will not increase forever in a straight up vertical line, but here it is:
https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-12-bitcoin-fair-price-analysis
https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-12-bitcoin-fair-price-analysis
Nice short article, but a couple of things:
1. Exchanges can never show the whole picture because people don't put all their dollars or coins at once. There are day traders who sell one coin at a time and as soon as that's eaten they put another one. Or buy. You can't see the whole of any side, the buy side, or the sell side, (or the bids and asks). It's just not all there yet.
2. No one wants to be a shorter when many think it's better to be long (or in other words, the hodlers.) Plenty short the altcoins, but that's different.