12-08-2017, 05:32 AM
(12-08-2017, 05:13 AM)Travis Wrote: Honestly I think we're gonna see a big correction.
I disagree. I think Bitcoin will keep going up until it gets replaced by another crypto-currency. The big driver behind this price surge is the fact that the blockchain is being adopted by various new companies and markets.
Have a read of the "9 traits of gold" that make it valuable. Bitcoin does each one better.
The other advantage is anonymity. The Winklevoss brothers (famous for the start up of facebook) mentioned that their initial investment and creation of a bitcoin company was that they wanted to move a large sum of money from the U.S to Spain. They liked Bitcoin because this enabled them to do this without having to go through any red tape or hassles.
As Bitcoin is finding more and more utility, it's value will only keep increasing
