This is the original post in May. What a difference in 6 months
I was pretty spot on. Price did indeed go up and we indeed have more people going in.
Expect more of this trend. Way more.
Clearly in the early stage, 900% increase over 1 year is peanuts, not parabolic at all.
At $40,000, 1% becomes 4%, $10k becomes $40k, not much excitement. Better off trading options.
This is the real scary part.
A few billionaires lost big times during the financial crisis, billionaires become millionaires.
If you are a billionaire why take any risk at all…No way you can spend it all…
Bitcoin is for drug dealers and losers that think that can become billionaires just by gambling
This is what I was thinking, but it is changing now as hedge funds (already in), Mutual Funds and Banks are going to crypt o currency !
"Big banks putting trading into gear? -CME is offering contracts -JP Morgan and Goldman jumping in -Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have started trading cryptos and joined forces to create a new crypto.
Pension Funds are jumping in? -Crypto “Hedge funds” are starting to register left and right -There are “officially” more than 120 registered “large scale” crypto hedge funds -Novogratz starts $500M crypto fund with demand from institutional money"
Now, government is not controlling these institutions on speculating. If banks and Mutual Funds are trading on crypto, they will further skyrocket and the impact of crash will be like Richter Scale 10 !
There needs to be a government ban…gambling is illegal except in Nevada…Ponzi schemes are illegal…I hate government intervention…But when people are too stupid and greedy and can’t help themselves the government needs to step in…This is all going to end badly otherwise.
Crypto currencies are pure bullshit
No way to control privacy, counterfeit, amount of coins made.
No way to control access, transparency, accounting
This is a ponzi scheme and will attract scammers, thieves money launderers and organized crime…Why the FBI and the SEC allow this is unbelievable.
People forget that until the 70s individuals weren’t even allowed to own or trade gold currencies…And now the government allows this shit…There will be hell to pay
Bitcoin surges through $11,000 less than 24 hours after topping $10,000
Wow… that’s incredible. It’s a massive redistribution of wealth underway… 
I remember when gold went from $250 To $900 per ounce and then crashed…Happened fast…It was a direct result of allowing people to buy kruggerands…Same will happen with bitcoin…
The gold rally was peanuts compared to this one…
1 Like
And the crash will be ten times worst…
True !
Very likely our economy goes like this one more year. If this crazy continues an year like this, then economy crashes, Think of economic impact and real estate down fall after such crash along with reduction of mortgage benefit, tax benefit etc.
We are marching towards a peak now and then jump over the mountain !
O my god. Why can’t prices just rise on a normal pace. I’m too old to be riding a roller coaster… 
Currency is just a means for people to trade each other’s labor and property. Bitcoin was invented during the Great Recession as a protest against government’s massive fiscal manipulation. It was invented to protect average people against government picking winners and losers.
Let’s see how it will evolve to make Federal Reserve obsolete 
Hate to burst your bubble (or stomach), but these aren’t bitcoins!!!
Yes… let it evolve to make the government obsolete and we can all use bitcoins to build our own yellow brick road to drive on. I’m all for that and more!!!
Oh my god!!! 
Maybe the guy misunderstood when his doctor said his diet was lacking in copper and other essential minerals…
Really…