Post
Topic
Board Economics
Re: A little perspective: $198 to $1139 then and $198 to $1139 now
by
Proficient
on 06/03/2017, 19:48:00 UTC
It may be more stable than it was before but I don't accept that this is natural, sustainable growth.  Nothing just grows by basically half its value in a few weeks - it seems like all this is just based on huge amounts of hype that Bitcoin has built up recently (partially because of the ETF).  Before it continues to grow healthily as it did from 2014 to a couple of months ago, we'll inevitably see another crash.  Even if the ETF is approved, it'll just cause a slightly higher bubble, which will burst before the ETF actually starts bringing healthy growth to Bitcoin.