Even for a bull like myself, who's in dreamland right now and seriously considering selling just because I don't really know how am I going to play out the transfer of my money back to my accounts, this is plain insanity.
I have never seen this kind of sustained growth in any financial tool... not in commodities ( I used to trade coffee and OJ), not in silver/dollar much less in stocks minus some penny stocks that shouldn't be counted (Hello Granny Mae!!!)
Although many people call this a bubble, while I call it a correction, there is no doubt that there's a lot of speculation and people buying coins to hoard them and to speculate the price will continue to rise. I just cannot believe how the price has gone from $101, (on April 2nd at 6:43:15 GMT) when I bought 0.5 using money from a relative and I only bought 0.5 because I was somewhat skeptical and I was waiting for a small dip to get in, to a whooping $136 in about 24hrs!!!
That is just plain ridiculous and sorry if I sound like a moronic bear but it's insane to think differently about it.
So, where do we go from here? when are we hitting $200?
I read other posts about hittin $1000 this year and I was skeptical about it, but who's to say it isn't possible?
You have never seen this because it's not growth, into replacement of gov fiat FRB, it going to go up to the value of market penetration
As I keep saying all the financial instrument you knew to date, merely swapped around existing fiat value created by by FRB/CCR
no one made a single dollar on stocks just swapping around existing Fiat amounts, this is replacement/displacement of the whole Govt FIAT system to the point of penetration, it will rise to that penetration level, which will be at least $200,000 K per coin
the only question remains which Crypto will win out, how many cryptos can the market support. I suspect, LTC will suck the life out of BTC because there are less early adopters, and secretly people want to see that wealth sucked of early adopters and out LTC is harder, faster to centralize, further LTC has not as many larger holders so will be more stable and PPC will then suck the life out of LTC, because of its low energy system, and it solves the lost coins problem, so people will feel better about that.
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