Quote:
Originally Posted by wwwin
Mr. Doomsday...you cannot use technical analysis on the bitcoin as there are not enough peak and valleys...it will come down...but nobody knows when, it could go a lot higher before a correction Mr. Doomsday. Trend people don't know anything, nobody knows. You wishing for it makes not difference.
I love how I am getting this rep on here as a FUD poster, Mr. Doomsday now, etc etc.
All I am point out is that BTC already hit a bubble..now we see the price going through the roof..is it overvalued? I think so and so do quite a bit of other people, does that mean it's true? No, and I didn't say that.
Why do people constantly look at BTC differently than they do stocks? When stocks are overvalued, you can expect the price will drop.
Example : Look at Kodak's (EKDKQ) price yesterday and now look at what happened today. Was it overvalued yesterday, oh **** yeah.