The graph do shows that the way it is progressing we can assume it will be near to 6000 usd by August this year.. lets hope it does not repeat it history as it went down in 2014.
Do these threads work in reverse? I'm not schooled enough to have an opinion, but I figured I'd bump it just in case.
The problem is there's too much liquidity (guvinment printing of fiat currencies) and they are looking for places to "invest" in. They getting tired of the low returns of the bankrupt guvinment bonds worldwide. Now they found cryptos. Yup, could be just a start. Why not? Real estate and stock markets have had the easy money flow for years... Time to start on cryptos. Moon!
Johnny... I respect your enthusiasm... and you could very well be right. And as these things go, you probably are. But might I suggest, since you have been in the game awhile...at least take your initial investment out if you have not already done so. Then you can let the rest ride. Make no mistake, all bubbles pop. That being said, this one could go much much farther. Just take out your initial investment and some party money. Thats the prudent thing to do. G/L
Wow, that's very nice of you, vanzandt. As it so happens, I've "taken" (in the form of recent spending) a sizable chunk of the original inve$tment. The wife and I are planning a vacation which will take care of the re$t. Just a comment on the "bubbles popping", this is true of all the inflated assets out there (real estate, stocks, debts/bonds), so one could argue that cryptos may be a hedge against those other asset classes when they pop. I wasn't into bitcoin yet, but one of the first times I heard of bitcoin was when it was going up during the crisis in Cyprus/Greece. Good luck to you, as well.
LOL.. people were asking about when it hits 2000usd they can now see that this is already above 4000usd for now and may go more higher in future.