This fork is pretty steep even for bitcoins, although on this timescale doesn’t look too bad. Trust me it is steep.. It shows the price during the last couple of weeks more than doubling from about $200 up to $440
How high will this trend go? One thing about bitcoins is that sometimes the corrections are virtually flat instead of down!!! The result being that those who sell wish they hadn’t eg me. Hate being short anything bitcoin in this kind of run.
Its easy to imagine there could be a severe correction at some point. the higher this price goes, the bigger the eventual correction I would assume. One might have thought the same thing last March though when price was at $50 and be right, but if you hadn’t bought in you would have missed the rise up to $266. However in April you might have bought in at $200 thinking this could go all the way to $500 only to see them fall to less than half what you’d paid earlier. Good job this profound wisdom from Captain Obvious is free.
Where are we sitting at the moment on the next big climb up? Can this reach $1000 ? Wish I knew.. 😀
One thing is for sure, I’m not going to take my mums advice and cash it all in now to put it in an ISA !!!