The chart seems to support this thesis but we have to also remember Bitcoin and all Crypto are uncharted territories. We are not looking at products that are actually used for anything other than just figment of imaginary values.
Which is also saying Crypto currencies are worth as much as people want to value them. The moment the sentiments reverses, the bottom can happen very very fast.
If there is anything in history which has shown this to happen just look at the 18th century Tulip craze and sudden collapse.
Be very careful. If you are in it, do not be too greedy but take profits (or losses) when things do not feel right.
Sorry, this post has been deleted
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments