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RE: CBOE Exchange Puts The First Futures On The Cryptocurrency - Bitcoin

in #bitcoin8 years ago

I think the next couple days will be very volatile. Bitcoin will rise with the new investors, but when they make their desired profit they will sell, which lowers the price. When the price drops substantially from investors pulling out their gains, we will see more people pullout to avoid losses. This will further lower prices. We will be in a cycle of prices going up and down. These new investors dont want to HODL they want to make profit and will get out quick.

Wall Street types getting into Bitcoin will not bode well for the average bitcoin holder when the price drops. But we will all also see great gains between now and about 2 months. I’m just weary of increased volaltitlity.

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