you make good points. its very reasonable to ask w

you make good points. its very reasonable to ask why BTC would continue an uptrend. my opinion is that there is an expectation for it to increase in price.. leading to a continual uptrend from people wanting to buy before it 'goes higher'.


i also think it is possible BTC will morph into something in which BTC can actually be used; something that we cant even imagine right now. Possibly BTC may simply become 'storage' for value.

in all, the only reason im invested is to make more money than i put in. i dont care too much about the reasons why the price is increasing.

The greater fool theory states a person will pay a price that seems "foolishly" high because that person has the rational expectation that the item can be resold to a "greater fool" later for more than he paid.


In 1825, a magazine called 'The Quarterly Review' wrote an article stating, "What can be more palpably absurd than the prospect held out of locomotives traveling twice as fast as stagecoaches?"

1. They lacked the vision to see technological progress

2. In some form or another, i bet the people behind The Quarterly Review had interests in stagecoaches and horses. Simply put, they would lose out if trains became popular.

I believe the majority of anti-BTC articles online are propaganda from sources which would suffer greatly if BTC continues to grow.

i truly believe this. Investing is all about wanting to sell what we own for more than we bought. in addition, there is a very powerful force at work in BTC called fear buying.

many people fear the price will keep increasing and so they buy. Remember, only three months ago, BTC had a low of $1,800. who would have thought it would hit $6,000 a few days ago? In the same manner, i fully expect in a couple months to say, "Remember, only three months ago, BTC had a low of $6,000 who would have thought it would hit $10,000 a few days ago? "

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