Re: Why bitcoin will appreciate forever

The current trend of bitcoin is that is is appreciating. The big bubbles and bursts only affect the short term trends.

Surely it will burst soon or later because at one shot prices went up more than 50% so I think there will be a correction soon.

You can't call this latest rise a bubble. Yes, we have gained nearly 50% but this ain't a bubble, especially if we know that Bitcoin was in a two year old bear trend and that the highest price was over $1,100 at the moment.

Now that rise to a $1,100 was a bubble. I would rather call current rise a recovery!

I agree. I see this as an uptrend and not a bubble imho. The $1100 was Mt.Gox who caused this I think (please someone correct me if I am wrong)

Possible, but I`m not sure if this is "it". You can see the price increase is very sharp, so it could be a bubble.

However the global economy is so fucked up,that it could not be as well. It can be just a late reaction of traders worldwide that discover that bitcoin is the real deal.

The "it" bubble happened in a matter of days. It is simply impossible to try to predict a massive panic buying rally. I am all for it as long as the correction is not bad enough that it leaves us with the same (or worse) floor. I think this will not be teh case anymore because in near 2016 Bitcoin is way more consolidated than it was back then in the dodgy MTGox days. Once we reach 1K again people is not going to wait for 300 to get in hard, the correction will be small.