So much about a deep correction, I should've considered how high it could rally instead.

Bitcoin holds on levels well above 52 000 USD, after skyrocketing to over 58 000 USD over the weekend. The crypto currency has risen more than 90% since the beginning of the year reaching market capitalization of over 1 trillion USD – about 10% of the total value of all mined gold.

The recent rally has been supported by Tesla and other major companies, which announced plans to endorse Bitcoin as payment.

It continues hovering around 59k, it may soon rally above 60k in the long term.

Do you guys it's too late to buy now?

mlawson71 wrote: Tue Apr 06, 2021 9:44 pm Do you guys it's too late to buy now?

Don't think so, most solid prediction I heard was it would stop at around $8 others say $20 or $30 and one more said from $10,000 to $30,000.

I've seen some predictions that it could drop back down to zero. And then there are those who say it will rally to 1 million US dollars. One can never know.

...till governments seriously start to regulate it, citing anonymity, money laundering and and......Eventually they will come up with their own for total control and get rid of the rest. It's already in the making, once they have achieved their goal of a cash free society. No need for paper and coins. Just my personal view while watching the process.
I wouldn't call it a currency anyway but rather a speculative instrument, due to it's extreme volatility and uncertainty.

Interesting ...

lol..... It's the typical China is bad and we are the good guys propaganda. China as well as the US thrive for financial dominance. China and also Europe are seeking to establish their own channels to gain independence from the US money transfer system and the use of the USD in particular. I don't blame them. The system has been misused for threats and sanctions for too long. Eventually all will have their own digital currencies and ban the rest. Otherwise a big part of the economy would be outside their control. "Big brother" does not like that.