Vin
Legendary
*
Offline Offline

Activity: 1076
Merit: 1005


View Profile Personal Message (Offline)

Ignore
December 13, 2016, 01:19:19 AM

Not really, we will go to ATH (around $1200) with no real resistance and then we go exponential for a relatively short time before the crash - like it always happened. I've witnessed this shit three times already Cheesy

Probably the big rally will not be as exponential and short-lived as in Dec 2013, Apr. 2013 and June 2011 (when price started doubling every week) because the coin is getting mature and the market getting bigger, much more money is needed for the price to double - but its still a very small market which is very prone to big rallies and big crashes.
The question is: is the market mature and big enough to sustain not only rapid pumping but longer periods with bitcoin price over$800?
I don't think we are ready yet, not in 2016.

Why not, if I may ask.