think in terms of billions... that is the chance one has right now. its never been easier.... fuking remarkable, actually.
Billions huh? This type of thinking is why bubbles form. The idea of getting rich by not working for it is very seductive. The dumb money always buys close to, or at the top. Prudent investors buy assets when they are undervalued, not overvalued or when they are a bubble.
Yes, it could go up higher, but it will
eventually end badly. All the people jumping in at the top get wiped out. That's not my opinion,
history has proven this over and over again.
I thought $5000 was the top based on the price/chart action at the time. Yep, I was wrong (I'm certain someone if having an orgasm reading that). These speculative bubble manias are quite irrational. They can (and often do) go on for longer than most people expect. It's mostly due to the fantasy of getting rich without doing any real work. It almost hit $20,000 intraday, but the price is now $15,000 as I write this. That's a -25% difference.
Futures trading starts on Sunday 6pm EST. The price has been relatively flat because the whales (1000 people own 40% of the total bitcoin market) are waiting to see how futures trading will affect the price. I expect the volatility to increase very dramatically on Sunday night, maybe sooner. Should be fun to watch.
