Very interesting thread and in reality we do not know anything about the future of bitcoin ...
I think the following.
- In a time of such ample money supply, everyone leads to returns - everything is being tested
I read about pink diamonds a year ago, they are sparse and a hype occurred. that's how much !!
- Speculation will always be a part of the market - and especially during the opening hours. In Asia, they have a very violent approach
That kind and we hear today about South Korea, where phenomena openly are particularly relevant.
- Bandit money must find a place to stand. They can not be put on the bankbook
Overall, it looks like a traditional bubble - and the thread lies with those who bought early.
us who are sitting and writing today are lost and arrived too late ... i think
I do not have bitcoin and will never own bitcoin. It's not an underlying value and importantly there is not a system that can maintain the confidence of bitcoin. Confidence is all crucial.
Imagine the amount of bitcoin being 100 doubled - even if you have promised the opposite. Disaster.!!
Who else decides this - and can we trust them. Is there trust?
Moreover. I have settled my gearing in Nov. 2017 and goes carefully into 2018. It turned out to be a very good 17, and the 18-year-olds will of course also be exhilarating, but the stock market may well end. It's up to me to see when confidence in the market disappears and it can happen at any time. Keep an eye on interest rates and the big investors. Not what they say in the stock market but how they trade ...
This is an interesting question raised here. To me, it is important that I understand what I invest in and that I know how to sell again. I can speak with words and old-fashioned settings, not understanding how the value of crypto currencies is created or the value that lies behind. I can understand a USD where there is a central bank backed up for the value.
About Bitcoin and crypto currencies I can not see any underlying value. The value is created - according to my assumptions - only because you can find a new buyer who is willing to pay the price. In an upward market it is possible - there is always a buyer. Bitcoin hypes to an unprecedented degree, and many common people join the "doctor", because here you can earn money (you'll forget in earnest for profit that there's also a big risk). Success grows success. More and more will join the cart. As long as there are still buyers, the price may increase.
To me, it's a form of pyramid play. Find new people who want to invest - and the more they do - the more I earn. At one point it stops. It looks like "Emperor's new clothes". Suddenly, it will be up to everyone that there is no sustained value behind these crypto currencies, and if that happens, the value of Biocoin can actually fall to zero next year.
Now we have to see how bad it goes and how high we come in. The hype is huge. I receive 10-15 mails daily with the message that my Bitcoin account is ready for payment - I just want to quote my account number. There is a break for the whole concept.
South Korea accounts for 20% of all trade in crypto currencies. The government is considering regulations, as it is feared that smaller investors lose their savings.
It's a huge bubble, a pyramid game without underlying value. Be careful out there. A broken bubble can also send wages to the rest of the financial markets - especially if the appreciation continues to new heights before the brawl comes.
Happy New Year.