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comment by Sebaensah
Sebaensah  ·  4014 days ago  ·  link  ·    ·  parent  ·  post: 1 BTC traded over 1000 USD

5 years is a very long time to think how the value might change.. If we look on 1 year scale

Nov 2010 - Nov 2011: 1600% increase in value

Nov 2011 - Nov 2012: 300% increase in value

Nov 2012 - Nov 2013: 9600% increase in value

Nov 2013 - Nov 2014: ???





mk  ·  4014 days ago  ·  link  ·  

Yes, and as they say: *past performance is not indicative of future gains.

IMO the ultimate matter to be settled is whether or not bitcoin will become a long-term universally accepted store of wealth. If it is, then the price must increase far higher. If not, then the question we have is: How high will the price go until the market concludes that it will not be?