I am happy with this news, the bitcoin value is rising, it's a good time to sell bitcoin, and for those who want to buy a better coin while moving to another altcoin, and I predict that the bitcoin price d later this year will reach $ 8000.
we can be happy but we don’t be excessive to respond this matter, especially when someone say that Bitcoin will reach $ 8000 without a fact to strengthen your opinion. indeed the Bitcoin movement is very unpredictable, but to reach ATH $8000 by the end of this year I think it's a bit unreasonable because nothing will happen in the end of this year.
I don't think he needs some really convincing arguments to strengthen his opinion. The truth is - bitcoin will reach $8000 sooner or later.
Only the timeframe can change here. If you really think that $6k has been the final and ultimate price of bitcoin you might be disappointed in the future.
It is true that we might not see $8000 in 2017 but in I would bet my ass that 2018 will bring us that price.
Completely OT, but what is your avatar from?
The JP Morgan criticism isnt wrong just because a higher price is reached. His reference would be to stability and long term efficiency vs competitors in global currency and bitcoin is still just a small thing overall. As bitcoin has a restricted money supply and dollars are vastly over inflated in order to pay government bills where they run a budget deficit for decades and have trillions in war debt without a likely repayment plan, yes bitcoin should rise in value vs dollars.
This doesnt mean bitcoin is rising in value, it can just be that dollars are losing value and bitcoin is doing better right now. When or if dollar is destablised beyond use and no longer a world currency its still possible that bitcoin can no longer float or is not viable vs other crypto standards. We cant assume that, the worst thing would be to assume sucess instead of working towards it and providing value for those that do use bitcoin and hold it for its utility. I dont think we can rest yet just because of a nominal figure appearing, most work is still to be done and history is ahead of us not behind. This is all calm water sailing so far imo :p
His criticism is wrong, because he deliberately insulted people for using it. And apparently not for no reason either as JP Morgan seemingly went out to buy the resulting dip.