Bitcoin has gone too crazy. I can't imagine it even if it is really happening now. In my local exchange, bitcoin supply is decreasing making the price to soar higher than those popular exchanges. Ugh, the more it climbs, the more I fear when it will fall. But, congratulations, 15,000$ has been achieved already.
Crazy and madness is the correct term. This madness has just started and we are now at $18K. Would you imagine that? And judging by the rate and how investors are buying it specially in the Asian market alone, I would call all of this irrational. What I'm afraid is that when investors buying on top prices then suddenly we see corrections, I'm sure that they will go panic selling causing the price to suffer. I hope I'm wrong with my logic here.
With this rate it will be 20000 dollars tomorrow.
Maybe, because I'm gonna repeat myself, we have seen irrational behavior from those investors who are buying in top price. And just maybe this behavior may still continue up until the first bitcoin future contracts starts on Dec 10 by CBOE and then Dec 11 by CME. Let's see how everything pans out though. And I don't think we can sustain all this madness.
