John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (19196)	5/10/2017 2:47:58 PM
From: Elroy	Read Replies (5) of 33421

why won't we see at least 3 more Mount Gox type of market maker blow ups in Bitcoin over the next several years? Can't say I know the answer to that, or even whether that's the big issue with bitcoin. Over time the method of holding onto your bitcoins should only get better, safer and easier. But that doesn't answer the question of what is one bitcoin worth? That's the key. But it's not an issue for a while. For the time being it's a super bubble. Perhaps the biggest in history. And it's got years to run up. I read something on wiki that said that only 3m to 6m people have wallets to hold digital currency. That leaves 6 billion more people that might want to buy some, and also the central banks. And no one wants to sell, because it only goes up, as the bubble inflates. Disclaimer - I sold my bitcoin two days ago after making 60% in 14 days. And then bitcoin went up 30% from Monday to today. Oh well, it was fun while I owned it......

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