I agree but come on 75% in a single week can´t be good anymore for a healthy longrun growth. I can see 10% per week as reasonable but at a certain point I refuse to believe that it´s still good for Bitcoin. I rather want to see it grow massively in "smaller" numbers than experiencing a huge crash one day.
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We will have to wait and see, but for me, it is also insane to have anything grow x15 in a year. It is just the result of mainstream adoption on something quite scarf. Most of the people which have bitcoin are just holders, they do not sell or trade, this makes trading volume is very small compared to any other stock, security or future/option contract. That's why I just stopped applying technical analysis a long ago. I try to understand the business models behind any crypto project, the development team and the rules behind it.
Definitely. That´s why I like Ripple so much as it has a real world usecase that could change the whole banking industry , just before cryptos take over ;)