Re: The current increase in price of bitcoin and it advantage
It is just a start. Next stop is $5000
I'm not sure that such a dizzying rise in prices is good. This benefits only the owners of the coins. There are too little opportunities to earn bitcoin to not be interested in its price. Buyers of coins, this price can be daunting.if price goes up to $5000 it means that these "Buyers of coins" are buying it that price had gone up that much! it doesn't magically get there.
for the record I don't think $5000 is possible this year (although I have been wrong before) but I should mention that the fast rise is not unheard of in a market like bitcoin which is growing very fast and with a high rate of adoption. it is still young and there is a large number of people who are just hearing about it and want a piece of it.
and never forget about the 1 in a million thing with bitcoin.