Caveat, I don't care about the short term price at all. I think things are going to get ugly in the second half of the year in the economy. Couple that with US gov plans to sell another 40k bitcoin and potential unlock of 120k of Mt Gox coins. We could see tons of coins come to market at a time when the economy and markets are already weak with a lot of shorts piling on. Do I think shorts will eventually get rekt, yes. Do I think all coins that come to market will eventually get bought my long term holders, yes. But do I think we could see under 20k again this year, yes.
Or maybe we go straight to 50k this summer. Who knows.
Always seems to dump after but who knows.
Caveat, I don't care about the short term price at all. I think things are going to get ugly in the second half of the year in the economy. Couple that with US gov plans to sell another 40k bitcoin and potential unlock of 120k of Mt Gox coins. We could see tons of coins come to market at a time when the economy and markets are already weak with a lot of shorts piling on. Do I think shorts will eventually get rekt, yes. Do I think all coins that come to market will eventually get bought my long term holders, yes. But do I think we could see under 20k again this year, yes.
Or maybe we go straight to 50k this summer. Who knows.