Quote from: aso118 on November 26, 2017, 11:28:08 AM

I am not sure that this current rally will take it there.

This rally at this point is purely driven by speculation, and then I am referring to greedy people getting more greedy, and also the potential approval of CME's Bitcoin futures which will allow institutions to jump on board. In case of the latter, it somewhat justifies the market to hold its position, but this will change once it becomes clear that there is no authorative approval at all.

Quote from: aso118 on November 26, 2017, 11:28:08 AM

We definitely will have corrections on the way and weak hands will be shaken out.

I am more thinking about how older hands will act once we're close to the important $10K level, which is a massive mental barrier, and thus could give them incentive to unload some of their holdings. But as I said earlier, the awaiting approval could be working as a stimulance to continue supporting current higher levels. Everyone looks forward to what the CFTC will come up with.

Quote from: aso118 on November 26, 2017, 11:28:08 AM

If Bitcoin becomes dominant in trade transactions, we could be reaching for the moon.

Explain 'trade transactions'.