I'd give it a week, to about 5k. What do you all think?
I'd give it a week, to about 5k. What do you all think?
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.
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There hasn't been a significant drop for a long time. I think it's just going to go up and up, probably will double in value.
There will come a point when people know the value is ridiculously high. Fees are stopping people from doing anything other than trading, so I expect people will start looking towards LTC and Doge.