Bitcoin is now 12k - Is it here to stay or gone tomorrow?

[Matt R.]

Any bitcoiners out there have thoughts or predictions or info?

I read recently 2018 will be the last year the middle class will be able to afford to buy bitcoin and I guess if it goes much higher that could be? Or just consider the source which I forget but most these guys seem to know a thing or two. The head of JP Morgan, a couple months ago was saying that this was just a bubble and worthless, now they are setting up funds for it. They changed their tune pretty quick. Maybe they realized something? I am not fully understanding what is going on. I get some of the bigger picture possible. 

Good luck!

[Gary Nelson]

Supposedly, crypto is a 350 billion dollar industry and if it goes up 10-fold again, that value is 3.5 trillion dollars... which would mean a massive loss for other currencies in terms of purchase power. So if it does reach 100k/coin, that transfer of wealth has to come from those who are not invested in crypto, right?

Everyone is a genius in a bull market - if it’s a bubble being inflated by lots of hype instead of the real asset, I’ll be thankful not to have jumped on the bandwagon.

But if it is going to be realized as “real” money someday, then worst case scenario is that I have to accept bitcoin for rent money. ;)