$50,000 Bitcoin in the Next Couple of Months? + Video
By Mike Maloney / GoldSeek
In his latest video, Mike Maloney ponders the questions ‘Could Bitcoin hit $50,000 in the next couple of months?’ and also, ‘Is Bitcoin in a bubble and could it crash?’ You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.
[By the way, Mike mentions a couple links in his video—here’s the one on Investing in Bubbles; and the Grant Williams article on First Hand Accounts of the ‘87 Crash.]
http://news.goldseek.com/GoldSeek/1510081535.php
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Whistler Blowers, Insiders
Err yes, but perhaps you shoukd consider FIAT to be inflating by the same metric. i.e. Bitcoin is not inflating it is deflating since you can buy more with less of it and normal coin is always worth less and since Bitcoin is on the unregulated part of the tradeosphere you really should be questioning how controlled your markets have become.
No bubble! At his point only maybe tops 2% of the population know what BitCoin is. If you go to Fiatleak you can see that approx 90% of sales are in the U S 20% in China, South Africa 5% the rest of the purchases are scattered amoung the rest of the world. When the hit 3% to 4% the price will double. When we get to 10% you will see 10% $100,000.
Bitcoin is doomed….eventually. When large numbers want to cash out….no one will want to give them real money. At that time the bitcoin will be worth 10 cents.
Goods and services i.e. loss of trust and that can happen to anything, bitcoin was never meant to be exchanged for money it was meant to BE money. Exchanging a $ for a £ is without meaning in of itself.