You are viewing a single comment's thread from:
RE: Could bitcoin be a good long term store of value just because we say it is?
And what if the majority of the buyers, only want in because they expect an increase in price.
And what if the majority of the buyers, only want in because they expect an increase in price.
That has been the case for a long time now. The vast majority of people don’t buy bitcoin for its utility but because it has gone up so much and they want a part of the action. Current price is based on pure speculation!
Yeah. This has been the case for a long time. It’s personally what attracted me to bitcoin at first. I was talking to someone about how to get rich and some random stranger mentioned bitcoin. I looked up the prices and the increases and was impressed. That got me looking into what was behind bitcoin and the other coins. I have learned so much since that time and I believe that one of these coins has to technology to become THE crypto currency. But i dont believe it will be bitcoin in the end. This is why i am invested in other coins, while still riding the price of bitcoin.