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I feel like the $10,000 mark was a bit of a self fulfilling prophecy. There were a number of people early in the year saying $10,000 by the end. It will be in
by Lerc 9y ago
I feel like the $10,000 mark was a bit of a self fulfilling prophecy. There were a number of people early in the year saying $10,000 by the end.
It will be interesting to see where it goes from here.
Last few bubbles had phases of
* hey, bitcoin is going up
* Bitcoin is going way up, This rate seems unsustainable.
* OK, this is fucking crazy now. (this lasts about a day)
* <POP!>
I'd say we're in the late stages of the second phase.
- pault 9y agoSeriously? It was $6000 a month ago... to me this is firmly in the fucking crazy stage. It feels a lot like the last run up to $1,100 before the 80% drop (I cashed out at $1,000 just before the pop by dumb luck, but failed to buy back in).
- albertgoeswoof 9y agoor it could go to 100k, or 1mn in 6 months time. It's impossible to predict. The crazy thing is that the intrinsic value of bitcoin has gone down recently (ie. you can't really use it for payments now), and yet the price still goes up. If BTC really is going to become an alternate value store to Gold, this makes total sense.