Quote:
Originally Posted by dino7c
Current Bitcoin Price
25,446.76 CAD
Remember when I told you all to buy because it would be over 20k by the end of the year and was mocked by many...something about Pepperidge farm. Page 29 is an especially good read
countin' these rocks bitch!
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Any sophisticated CP user would know we have not yet reached page 29. Goes to show how much we can trust your opinions!
Apologies if I missed it as I don't check the thread too much. But I am still having problems with understanding how this is anything other than a hysteria driven "buy low, sell high" scenario? In 2013 bitcoin saw amazing record highs; then lost 75% of its value and took 2 years to get back to that value. Then after that absurd run in 2017 it sets new astronomical highs and proceeds to lose 75% of its value and just now returned to those levels 3 years later.
So I guess congrats on the new high, and looking at the history, I would assume it will go much higher before crashing down again.
The two more direct questions I will reiterate:
1) What makes this market favorable to all this growth / what are things that would indicate the market is changing?
2) How is bitcoin a more stable alternative to fiat currency when its value fluctuates much more rapidly than just about any fiat currency outside of Venezuela?