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[quote][i]Originally posted by SetH[/i] [quote][i]Originally posted by Ian[/i] And its only real when you spend it :D [/quote] BTC is still a long way from mass adoption but I truly believe that FIAT currency will eventually be replaced. Perhaps towards the end of my life time, not sure. Right now people are using BTC as an investment and store of value. Many traders making a living from leveraging the big swings in volatility that you generally don't see in traditional stocks. Although the cryptomarket is starting to mature and we are not seeing as many volatile swings. I noticed BTC tested the $5800 resistance during the night and was rejected again. if it tests it again I think it will break it and move into the £6000 range. From there we could see the beginnings of a new bull market. $20,000 peak last time in Dec 17, I would not be overly surprised if the next run takes BTC to $100,000. Some speculation that BTC is massively overbought and that there could be a huge correction. Figures of $2500 and £$1200 being thrown around. I am half expecting a correction but I don't think much below high 4000's. The next few days are key. [/quote]
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