Quote from: ene1980 on August 05, 2020, 10:20:40 PM

Quote from: Findingnemo on August 01, 2020, 03:44:25 PM

Speculating the prices has its pros and cons but I see it as good thing until the crypto market reaches some kind of adoption in the whole world economy because we are not yet up to the level to take into consideration.Currently the speculation is bringing the more people into the market if people don't really care about the prices we may not see such a huge bump in real short time.

The valuation of bitcoin and world wide adoption are two different things, it is a known fact that big financial houses are investing pretty heavily into bitcoin and it is more evident with the valuation, when ever there is a minor correction you see the price jumping up again which indicates that there are billion flowing into bitcoin knowing that we will see a rally and with the global financial system struggling to cope with the pandemic cryptocurrency market is gaining momentum.

I guess the traditional investment market also growing now so this rally is not only in cryptos but it is good to see the bullish trend bank in the crypto market and if the trend follows for long time then it will create considerable effect on the financial market and also among the new investors.