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RE: Why bitcoin is now fully charged for its next explosive move up

in #bitcoins7 years ago

"As can be seen in the chart above, the total market cap has gone from $400 billion to $800 billion in just one month. The rush to get into digital assets has just started. Some $400 billion poured into digital assets in just 30 days. At this pace the market will exceed $1 trillion before the end of this January." Talking the bitcoin appreciation, you are absolutely right. The bitcoin is still going to hit another record February because it not only the new investor that are buying bitcoin alone, the old investors are still buying more and more in high quantity because bitcoin is the main market for digital currencies and the determinant factors to other digital currencies to in terms of appreciation or crash in the market. I actually agree with your analysis. Bitcoin alone took over 55% of the digital currency.

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@tyrex Upvoted $32 for your very intelligent comment. True - it is soon the point when bitcoin will be squeezed higher to both sides.

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