Now anyone see bitcoin has been reached at $1504. It is superb for me and also for all investors of bitcoin.
Since last year in 2016 in this month bitcoin was under $400 to $550. So now we see in this time bitcoin has a double or triple price. So its mean the next coming year in 2018 bitcoin will be reached at $2500 to 3000.
Am i right? what's your opinion?
Yes.
No.
Or Even more.
I say this 3 options because we all know that bitcoin price is volatile, although is has been more stable this year compare to previous year. Personally, I hope this price run is sustainable. But in the other hand, sooner or later there might be a something that will cause the price dump resulting to another < $1100 again. For me, this is not a bubble because the price jump is not sudden. But what I'm afraid of is investors that are going to sell off their bitcoin because they have already make a profit gain. Huge profit gain. So if this happen, the price will drop a little. Good thing is bitcoin has this ability to recover from this kind of scenario. So lets just enjoy this price ride and hope for the best.