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RE: Bitcoin Massive Price Drop, Profit Taking, BTFD, And Why There Will Never Be Another "MtGox Event"

in #bitcoin7 years ago (edited)

@Kyle.anderson I'm talking about the short term. Apple took 15 years to build its market cap and there were plenty of 20-50% corrections along the way. Markets that go vertical, up or down, are not sustainable. They bottom/top then correct, build a new base and, if the fundamentals are there, continue the trend.

Bitcoin is in a massive bull trend. But, it got way ahead of itself this week. That is all.

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I can vibe with that! I agree that without a scaling solution, BTC is overvalued.