Cryptocurrencies marked shows some good signs of turning bullish now. We are all happy of course! Last week wasn't very pleasant for most of us but now the tides have turned! Time for big money for everyone now!!! Well, not so fast.
Although if you are holding some BTC in your wallet it might feel good to see those green graphs on market. Mcafee comment probably had some ( or a lot ) of influence on that. Hype is back and every one is gonna start buying now.
Hold on for a second!
Haven't we been through it already? Hype pumps market more then any reasonable estimations. The truth is that AUGUST 1 is still coming. In couple of days the tension on market WILL RAISE TREMENDOUSLY and we are going to see some huge swing untill then.
I am very happy that people feel optimistic about future of bitcoin and other cryptocurrencies but lets stop and think for a minute. I think it's just not yet to get on the train. BITCOIN STILL GONNA FALL HARD DURING THIS WEEK. I promise it to you.
I share mr. Mcafee's opinion, but I am not gonna bet my dick on it. The future is bright for bitcoin, but let's not get overexcited. Those kind of emotions can only lead to one thing - huge rises and then down down down.
Thanks for reading and have a nice day!