Quote from: Stedsm on December 30, 2017, 03:11:52 PM

Quote from: richfund_Pe on December 08, 2017, 02:06:29 PM

Bitcoin price has stratospherically risen leaving minor players with massive gains and bigger players millionaires. Is this a bubble? Are the gains real?

Can't be called a bubble but an unexpected spike that was never seen or thought of before.
Reasons why it went up so high:
- Bitcoin gained traction after it surpassed its previous ATH during the beginning of 2017.
- Seeing the spikes, everyone joined the train and went with the flow.
- Afterwards, according to the plans, a "season of forks" came into action. BCH was announced and to get more of what they were expecting from their free money, they started pumping in more cash in Bitcoins.
- Value spiked to more than 20 times in a year itself because of total number of users getting added daily broke records everyday.

I am already tormented by doubts Whether I acted correctly today, I sold ETH and bought Bitcoin. I expected that in the next 2018 we will see even greater growth in the price of Bitcoin, but I think that I am very much mistaken.