I am a big fan of Bitcoin and I’ve been using it since 2012. I was mining for almost 2 years until my electricity was costing me more than the coins I was producing. I’ve worked in few projects that were accepting Bitcoin as payment, processing the transactions and more. During the life of Bitcoin we have seen few bubbles, meaning the price going up parabolic, a lot faster than the previous periods and eventually crashing back. Every time, the price after the crash was higher than the price the rally was starting. I believe we are now in another bubble, prices doubled in about a month and we see big gains daily. This is unsustainable and eventually all markets with these characteristics are correcting themselves. The only questions no one can answer is how high it will go before the crash and when it will happen. In the long term I believe Bitcoin will worth more than what it is now but be careful when buying Bitcoins now. Why buy now when you can buy in few days or weeks with a discount. There is no doubt that Bitcoin has now far more users and investors and that is why the price is so high (over $2200) but that doesn’t mean it can continue playing the greater fool game forever.

Bitcoin is probably in bubble mode

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