[andy_ppp]

This is the exact article that starts appearing about 6 to 12 months before a huge bust within a particular market. I’d be hugely surprised if there isn’t a huge rise over the next 4 months followed by a collapse. You should be looking for where you think the bottom of the market is because it’s too useful not to go up again (it’ll be around $800, I’m a time traveller). The top could be as high at $6000 though before everyone realises how absurd and manipulative this all is...

[remotehack]

> I’d be hugely surprised if there isn’t a huge rise over the next 4 months followed by a collapse.

It's because bitcoin is a pyramid scheme.

[jdormit]

> Bitcoin is a pyramid scheme

Why do you say this? I am certainly not a cryptocurrency expert, but it seems to me that BTC provides real value, in that it is an accepted currency and also in that it distributes the means of control over a far greater area than traditional government-backed currency.

Pyramid scheme reward members for recruiting new members without providing any value. Like all commodities and currencies, BTC increases in value the more people think it is valuable, but if that is how you define a pyramid scheme then gold futures, stocks, and the US dollar are pyramid scheme as well.