28 Dec '17, 11pm

Will Bitcoin Continue to Rise and Inevitably Fall?

Will Bitcoin Continue to Rise and Inevitably Fall?

I've received quite a lot of feedback on my previous article on Bitcoin and rather than reply to them I thought it would be best to write a follow-up article. Most of the comments I've received mistakenly construed the fact that I was drinking the Bitcoin Kool-aid and that we should all buy, buy and buy some more before it's too late. Bitcoin, like fiat currency, at its core is a concept. If enough people buy into the concept, then it has value. What I was commenting in my previous article is not whether you should buy or not but whether the Bitcoin was going to go up. All the indicators from volume of transactions (both monetarily and value) are still rapidly going heading north which suggests a growing demand for essentially a dwindling supply. The reduction is supply is largely due to people holding their coins in the belief the price will continue to rise. Why sell tod...

Full article: http://whizzbangsblog.com/article-archive/bitcoin-block

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