There's a lot of new people in here getting interested in crypto. A lot of you haven't had any experience at all with how volatile these currencies are. Every bubble cycle people come in hoping to get rich quick & end up losing everything.
Take a look at this chart:
If you think buying here is a good spot then you need to pick up a trading book. Yes you may get lucky & it moves another $50. However when it corrects or even crashes it will be so violent & so quick it will take you by suprise.
People are willing to put thousands into something that they don't know anything about. That's telling me we are in serious bubble territory.
A brief review in the history on tulip mania charts:
Be careful out there
Cheers!
