Bitcoin 4000? Too High Too Fast?

in #bitcoin7 years ago

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I'm not going to lie, I don't own Bitcoin, I do own some Ethereum. Just several weeks ago Bitcoin was at roughly 2000, now it is at 4000. Jesus what happened. I feel like things might just be getting a little bit out of control. Cryptocurrency is volatile but this? Is there any stopping point in sight for bitcoin? The reality is that Bitcoin was the first in this market and it has name recognition, but the technology on some of these other altcoins is far better. Truthfully I don't think Bitcoin brings as much value as Ethereum, its used solely as currency. To think that you could literally buy a new car for several bitcoins is a very crazy thought. Can we say that Bitcoin is permanently locked in as the top cryptocurrency? Are we headed to 5000 or plunging to 2000? I have to admit I am a bit worried. This has happened just too fast. Be careful.

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upvote me

Do you understand the technology and the value behind it? Fiat money is just a piece of paper that people believe that has value on it!

Your post will be different the day you own those assets!

We are heading to USD 500 000 within 3 years or I will eat my dick on publick TV.

Too high too fast? You own Ethereum... You realise how much Ethereum has grown in a year? I think you are not taking into consideration the power of the network effect.