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RE: Bitcoin officially labeled "Most crowded trade on the planet", but does that mean it's going to go down?
I think we'll see something that will make most people loose interest again. Possibly some sort of price correction or crash. However, we will also see the price return quite quickly, just without so much volume. It will then take some time again before people get interested again.
The ultimate way is up anyway. But at some point we just run into the situation that there will be too much anticipation of everything crashing and that alone will force prices to settle.
Cryptocurrency is no where near what it will be, but markets can't rise for ever. They also need a breather. I doubt cryptocurrency is any different.
Agree totally, it seems like we are in the breathing phase and thats alright. We need this.
yes, a little breathe for the markets is good. Some people taking profits, some will be entering their positions.
Also if BTC will go down and stay low for a while, remember there are many other cryptos with very good qualities. And the train is already moving fast, so continuing evolution of those other coins will expand further (Ethereum, Dash, Monero, Litecoin, Ripple etc...).
Also if you know economics, and you are good at maths you can take a huge advantage of such price fluctuations BTC vs other cryptos....
Agreed, especially in the ethereum space there is a lot going on right now. The Hardfork in September, Raiden is getting to the developers right now, everyday there are ICO´s (which is not really a good thing in my view). But like you said it, there is a lot going on.
Great comment. I agree 100%. After all, Bitcoin has died roughly 27 times already. ;)
Haha, that's true :)