I can't help but thinking that this is going to end very badly. There have been minimal to no corrections since late 2015, with corrections becoming more and more minimal towards the current price. The price has risen 3x this year alone, and risen 11x since late 2015.
Who knows? But both 2013's high and subsequent hangover were excessive and that brutality was caused by factors that don't exist any more.
It's all still being made up as it goes along and visibility is ever growing. Still, if it's sub $1000 I'd be tempted to buy a little more.
Everyone talks about "healthy growth"
But there is something I don't understand...
Healthy growth on a product, whatever it is, means that the growth is backed by a growing demand and/or a diminishing supply. In general it will be backed by an increasing use.
Correct me if I'm wrong of course, but what exactly is explaining the btc doubling its price in a month?
Did we double btc use? Btc demand?
I don't see what's healthy in this growth. I can't say I hate it though of course, but I'm much more sceptical about the "healthy aspect".
