But this is all changing starting on December 10th, 2017!!!!
The downfall has already begun B)
Wallstreet is about to collude and drive the price of bitcoin to the ground. 400+ Billion USD is the amount of profits that are up for grab by shorting bitcoin and altcoins. Wallstreet thrives when the USD $ is strong. They also thrive using questionable practices of collusion and market manipulation. Theres no way they are going to let crypto currency get in the way of their profits. There is also 0 chance that 99% of the world is going to agree to adopt a currency that has inflated 15,000% by the first 1% to adopt it. Crypto will certainly crash before the remaining 99% of the world population agree to get scammed by the intial 1% of investors. Wallstreet agreed to add options for crypto because it is in their best interest to create a way to short. They will also collect huge on Fees.
The smartest players who drove prices will start to cash in, and then bet on the downfall. Everyone is going to be scrambling to collect in on this 400 Billion USD that was generated off, essentially, a Ponzi Scheme. You can certainly make a lot of money off a Ponzi Scheme as long as the next guy in line continues to buy into the hype. Institutional investors are about to make tons of money off options. Financial leverage is one of the biggest benefits of trading options. I predict the downslope will be as sharp as the rise.
Good luck, invest responsibly
Although I do not agree with shorting this market. However I do think at $14K it's still a bit too expensive to buy in.
I'll view $10K as a good point