Bitcoin bulls are singing “To the Moon” once again on the news that the price just broke $300 on fears of a possible Grexit.
As is common knowledge however, buy the rumour and sell the fact and the fact that a deal for another bailout of Greece is likely, the price has crashed below $300 again. At the time of writing, the price is at 292.43 and many of the analyst are predicting a further fall, some to as low at $200.
Who can tell and with the litecoin price going to almost $9, though this could be due to a ponzi scam in China and Dash headed in a similar direction, perhaps the moon is a likely location (though that’s another story to tell, for another time)
Happy Trading…
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