The bitcoin price rose enormously in the last year. We had about 150% increase in the past 12 months.
What do you think caused that?
1. The Halving.
2. Nothing in particular. It is standard for BTC to gain value as a result of general adoption growing.
3. Future Bitcoin projects potential - mainly: Coin ETF, but at that time SegWit and LN were hyped as well.
4. Something else or combination of all factors presented above?
Do you think rising trend will continue in 2017?
Or we will hit the ceiling soon due to current bitcoin problems: unresolved scaling debate, fee war etc.
Mostly speculation but also because of the community growing together.
I mean let's face it, there is no way that something is going to rise 150% in a year because the user base growth has outpaced inflation by a factor of 1.5x. When there is good news, then there will be pumps. And there is bad news, there will be dumps.
Right now we are in a bear stage, which is unavoidable as well as unpredictable as the pumps.
But that sub-$1000 feeling again... Good time to go against the crowd and buy.