I think it is very likely to hit 4k. Given the extreme volatility, it could do so by the weekend.
But don't you find this all a bit odd? Actual use of Bitcoin as a currency is declining due to long delays and very high fees.
Only criminals use it for transactions, for malware payments.
This feels to me like a very big speculative bubble. But where will it end? It could well go to 10k, may be higher, as no one seems to take profits in this market.
That also confuses me. Have a lot of Bitcoins been lost? There must be lots of people who could be rich forever if they simply converted their Bitcoins into usable currencies, but they do no do so. Why not?
Confused
But don't you find this all a bit odd? Actual use of Bitcoin as a currency is declining due to long delays and very high fees.
Only criminals use it for transactions, for malware payments.
This feels to me like a very big speculative bubble. But where will it end? It could well go to 10k, may be higher, as no one seems to take profits in this market.
That also confuses me. Have a lot of Bitcoins been lost? There must be lots of people who could be rich forever if they simply converted their Bitcoins into usable currencies, but they do no do so. Why not?
Confused