Comment: Yes! Exactly!

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Yes! Exactly!

In the free market things get bid up until markets decide a correction is needed. For bitcoin that "magical" number was $27 and then there was a correction! Then it was $266 and then there was a correction into the $120's. Currently the "magic" # is $1200 and I don't know if we'll see a correction and stability or if we'll continue to see people in the market bid up the prices.

In free markets it's very hard to predict human action and human motivation.