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RE: Bitcoin Surge= Bitcoin retracement
Not sure how high BTC will go this time, but Im expecting a pull back of at least 60-80%... Just as we witnessed before.
First pull back was $30 to $1 (2011)
Second $240 to $50 (2013)
Third $1100 to $150 (2013-2015)
Fourth?!? Who knows...
I agree at some point there will be another huge pull back in the 60-80% range but there should be a few smaller pullbacks between now and that time. Personally I would love an 80% pull back at this time and I would be buying hand over fist! Some people I follow tend to think the HUGE pullback will come at a much higher point say around the 7500 dollar mark. Which actually makes a lot of sense because after this smaller retracement we should run to about 2300 and created somewhat of a bottom from that point forward. Just my thoughts
Could be even higher than $7k, but current bull trend is already a 13 fold one (150 to 1900)... Weekly chart didn't crossed for year and a half... Pump is ongoing... Btc chart looks like Xau gold chart back in 2011, forming moon cakes... There is one price point to look for, at $2400 mtgox goes out of bankruptcy and 200k new btcs hit the market...
As a newbie to Crypto's I bought in at $1440 range, and my girlfriend at $1700 range, I was looking to buy another but the price keeps soaring so it's a damned if I do damned if I don't type scenario, hoping for the pullback but what if it keeps soaring?
FOMO you mean :)
No worries, it all depends on what do you want with it, to make some money quick or just to make some savings for future use...
If you have funds on some exchange, place some orders to catch it in case price falls to $200-500 area, that should be the bottom today, no mistake there... And relax...
Just like my PM's, stack and hold kind of guy ;)