And all those who rushed in on the hype on Thursday...ouch.....the big amount of money lost will come under 10000 where most new people bought Bitcoin just around Thanksgiving....
Wrong, the same is happening in 2017 as what was the case in 2010, 2011 and 2013. First a high grow in value, thereafter a spending phase as currency and inflow of shops that accept Bitcoin (to profit from the new wealth to spend). All happening as intended. Correct, we are in the grow phase again. A phase it's best to not spend coins until it stabilizes at the next level. Wrong. It's a low percentage, not very different to the percentage in Dollar-crimes Wrong. The whole 21 million limit is intentionally built into it to get its total value in the $trillions to become a currency on a global scale. Wrong. Show me your 166 times ROI in 4 years time and I show you mine. And my risk was none as I very well understood what huge potential it had and still has. I even had no single dollar drawdown during those 4 years (bought hugely at $100 and it went never below that level again). Wrong. I'm here from 2002 as I built and sell trading software.
You still haven't understood that huge Hedgefunds are buying every single dip, huh? The big wallstreet guys want in, but there aren't coins enough, so each and every dip is heaven for them. In no time the price is back up again. Think about it: if each millionaire around the world wants to have one single coin, they are out of luck, because there are more millionaires than coins. Now what will happen when huge Hedge funds need thousands of coins? That's the reason of last half years of bull market, not that Joe Public is participating as well.
Was I right about the short? It's getting a bit boring getting it right every time, it would be more interesting if I got it wrong occasionally.
There are more than 120 Hedgefunds focused on crypto currencies already. Google for instance: Mike Novogratz who is currently initiating a new fund of 500 million. Maybe you can still participate.