I have been paying attention to prices using the #Coinbase app and have noticed a trend. Whenever #Bitcoin is nearing a new milestone there is a hesitation in the market. More often than not, this hesitation has been met with a drop in the value as people sell off. I figure these are people that got in at an earlier time, feel the current return is good enough, and sell off. Maybe they fuel the jump that often follows?

After this drop there is often a surge in value and Bitcoin jumps well passed the previous milestone, on its way to a new one.

Anyone else notice that?

Me personally, I think the value of Bitcoin is only going to go up over the long term. If you are day trading to earn then you need ever increasing amounts of money to make a decent enough return since the value is so high.

I remember when Bitcoin was $50 a coin. lol Rather interesting seeing it around $5,000 now.