Gah, you guys talk too much. There's just no keeping up. I'm a firm believer in the motto "buy when there's blood in the streets, sell at the sound of trumpets" problem with bitcoin is that if you time the sound of trumpets wrong, you ether miss out or you get wrecked with a losing short. We're doing great, market cap is the highest it's ever been, soon to be followed by the price.
I think the market cap indicates that the market has finally recovered from MtGox, three years ago. And I'm amazed at how quickly our little asset that could has bounced off of a bubble where the price increased 100 times initial value in a year and a few months. Bitcoin has seen price increase every single year except 2014. The closing price of bitcoin in 2011 saw it at a 1,100% increase over its opening price that year. 2012 saw a 116% increase, 2013 saw an incredible and bubble-tastic 6,053% yearly price increase. 2014 saw a 60% drop in price, 2015 saw a 49% increase in price and 2016 is shaping up to hold a 100+% increase.
I got in 2015, when the nay-saying was at its maximum. I wanted to check bitcoin instead of relying on internet sources. I was hopeful. My first post here was that of hope. February 18th, 2015... I said we'd reach $900 by 2017. And, well... what else is there to say? Be careful, dont over-leverage, and don't get cocky. Best of luck, everyone.
Well said, BlackSpidy.
And
this.
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