Good post. The greed on bitcoin right now is off the charts, and nobody seems to give a shit that we see another split come November. The higher price goes, the higher and more outlandish the predictions become.
I get the feeling the banks are the ones pushing this rally in spite of deteriorating fundamentals. Something definitely doesn't smell right.
Another factor is the bitconnect ponzi, which I want to cover. They are putting something like 20% to 30% of their ponzi holdings directly into bitcoin according to the presentation they gave investors recently over in Asia. So they're not really even hiding the ponzi at this point, just framing it as a gamble on Bitcoin's price along with their own token. Their goal is to accumulate themselves into the top 30 wallets for Bitcoin using the ponzi holdings.
I have seen plenty of Steemians pushing Bitconnect, but I never got around to investigating how it actually works.
Please do a post about this more in depth, I followed your Bitconect posts. How is this affecting the BTC? People in Steem need to know
I have heard you are the one to follow which I am now and I would love to see more post by you on the future of bitcoin and steem