So it's hard not to be incredibly excited this past 6 days especially as Bitcoin breaks through the roof and continues to hit all time highs!
About an hour ago it peaked at $3651 USD! Only less that 24 hours ago, it broke $3500 USD!
The best part is all the Bitcoin haters out there who have been claiming it's in a bubble since $20 and rejoiced at the recent (much needed) correction as newbies panicked and sold off.
Well get used to it folks! This is the nature of Bitcoin! It will continue to rally and it'll continue to correct, flooring a bit higher each time and rallying far higher and breaking records each time. Thank you 21 million scarcity!
As I've mentioned before in these pieces, based on the 7 years daily average rate of growth, Bitcoin should reach $250,000 by 2020, and that's only a speculative start! It could climb far more! The future is wide open! Just don't panic so much when you see a correction! HODL or try to take profits if you're brave and smart enough! But most of all, HODLing is the best thing you can possibly do for the time being. Bitcoin is... believe it or not.... in its infancy still!
As the infrastructure grows and adapts, we'll only see this get more popular. Recently Bitcoin has been searched online more than ever before. People are tired of the fiat paper empire and they're flocking to true demand, decentralization and of course scarcity which is one of the things that makes Bitcoin stand out! (Not everyone agrees with me regarding scarcity but I feel far more secure with that which is scarce and not endlessly growing.)