This is pretty much what just happened. Bitcoin is up $200 since yesterday and Ether just jumped $10 in 25 minutes.
To the moon!
This is pretty much what just happened. Bitcoin is up $200 since yesterday and Ether just jumped $10 in 25 minutes.
To the moon!
It is interesting watching this happen. Going by trends this year, we are experiencing a completely new situation for Sunday and Monday.
It's happening! I really do feel that 2017 will make a lot of us rich, who are involved in crypto. To the moon!
What's your opinion on how long will it go like that?
I wouldn't trust my opinion. I'm new to the crypto space. I've know about it since ~2010 but I just recently bought a little of my own.
I expect there to be some usual retracements, but I don't foresee a bubble burst and crash. These are a wholly new asset and they are going to rise until they find their true value. And as long as new people discover them and find value there, the price will continue to grow. It's not like an overvalued stock, whose true value is based on profit and loss. It's more like a bank that people keep buying into, increasing the value of the currency backed by the money in that bank. Sure, people can pull out, but the perceived value would have to be lost for them to do so. And there's just too much value there, and growing, for that to happen any time soon.
http://www.coindesk.com/why-no-crypto-bubble-ico/
*Not investment advice. Please don't sue me.
don't worry, there isn't court blockchain yet hahahahaha