I can remember around August/September when bitcoin dropped a few thousand down to ~ 2900 USD. People kept saying that it would continue downward and here we are almost 6 months later with it almost 4 times that original price.
The question I keep asking is, why does it keep going ever higher at such a crazy rate? Is it actually a result of the sudden and volcanic media exposure or is there something else going on? I think its safe to assume that BTC is not like any other economy in the world so it's a little futile to say it will crash using conventional wisdom.
It is remarkable how resilient it is. I hope they can get the fees down as I have watched those grow as well.
Today, I bought a gym membership from a friend of mine and paid them in Ethereum and was very impressed with the low fees (.21 cents) and fast confirmation. (couple minutes) But as a store of value, Bitcoin is rocking it. Way better than a bank account.
Yeah, I mean people still have hopes that ETH will surpass BTC one day, and from a technical standpoint is a better coin in many ways. I guess part of it is the lack of exposure that ETH has compared to BTC and of course the other part are all of the ICOs.
I remember when ETH was just $5 a coin about a year ago.