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<p>[QUOTE=&quot;HawkeEye, post: 2753393, member: 86305&quot;]I don&#039;t think anyone posting thinks you are a raving lunatic, but experience tells us that increases in value need to have a basis or foundation.&nbsp; So what was the underlying reason that Bitcoin went up? </p><p><br /></p><p>Better earnings? </p><p>Better performance against other currencies? </p><p>Improved sales or sales forecasts? </p><p>Better or more efficient mining operations? </p><p>New industrial uses that require more raw material? </p><p>Improved economics that require a revaluation of the currency? </p><p>A change in interest rates that improved returns?</p><p>Improved employment globally?</p><p><br /></p><p>Please help those of us who see danger in Bitcoin understand the underlying economics that lead to the higher valuation.</p><p><br /></p><p>The only thing I can see is improved demand, but demand for what? </p><p>Secrecy? </p><p>Illegal money transfers? </p><p>Tax evasion?</p><p><br /></p><p>Also remember in 2007 the prevailing wisdom was the real estate values only went up, so jumping in at any price was not an issue.[/QUOTE]</p><p><br /></p>

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