I believe that we're still in a very early adoption phase.
Even if someone decides to sell out 1M USD worth of BTC crashing the market, it would recover in less than a couple of days.
Even if someone decides to sell out 10M USD worth of BTC crashing the marketx2, it would recover in less than a couple of daysx2, And I would still buy like MAD.
If you think this price is expensive and that this is a bubble, wait until the new BTC exchanges start their services... I'm talking easily 100USD/BTC.
Then there will be more news, then there will be more adoption, than there will be more bad news about sovereign debt around the globe... 200USD/BTC
Then there will be more money printing, then there will be more austerity measures... 300USD/BTC.
Then there will be more taxes, then the USA will invade N. Korea, then there will be war in the middle east... 400USD/BTC
In the far future, the 1% of the population can keep their printed papers and their monetary Database INSERTS.
You have to understand NOW that printed paper and banking DB ledgers can't be trusted, cause the people that control them can't be trusted, and currencies are all about control and trust.
BTC is not an investment, I'm not gonna close this trade position and call my winnings, cause it's not a position, it's the future.
my 2c..
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