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RE: Bitcoin Explodes Above $14,000 - Korean PM Fears "Serious Pathological Phenomena"

in #bitcoin7 years ago (edited)

Surely, there are interesting scenarios with korean regulators..
But if South Korea bans exchange, it can trigger a terrible market crash. Even worse than China in september.
Yeh, really insane.. And insanely profitable.

And the rally is continuing.
Really, really incredible.
At those level is hard to sustain, expect at least a fast correction before of another rally... In my opinion we will probably see at least a great correction in next days (maybe a -20% in one day followed by a rapid recover, as in 30 november, or a -50% in a week). + 80% in 2 weeks, from 25 november, is really really hard to sustain.

Altcoins are really suffering - lots of money inflowing in BTC. This means that BTC growth now is really hard to sustain and needs to take money from altcoin. So, expect this rally to slow down or stop in next days. Then altcoins will start recover.

This is situation now: Bitcoin over 15000$ and total market cap over 400 billion $