Short Term Trading Week Starting: 20 November, page-368

Re Bitcoin,
When I look at the yearly the direction is clear,
It just keeps going up.
With a few dips on the way...

There are only so many Bitcoins,
And people do lose them so that number drops continuously.
The number of people getting into/ using Bitcoin increases continuously.
Supply and demand.
$500 investments have tuned people into Millionares,
Now the Chinese are using it,
More demand,
Dubai wants to go blockchain by 2020,
This will create even more demand.

I do not believe it's just Tax reasons that big Companies want this,
For them having Millions of dollars being able to be transferred instantly,
Can save/ make them heaps of money,
Eg, the bank doesn't hold it for a few days,
Literally freeing up Millions of dollars and allowing the company to earn interest from that money .
For an entire country that well may be Billions.

So for $500 it may well be worth a punt,
As if the trend continues in 10years it could be worth over $1 000 000

IMO DYOR