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Unless trading on exchanges or seeking volatility returns from Bitconnect, why would we want a $5k BTC right now? Won't that make BTC harder to accumulate for the long haul with lower mining returns/higher costs? Fiat value should ideally be less important at this phase of adoption if we believe in the what cryptos will be for society over time, no? Just get as many as we can as cheaply as possible if we're looking to hold...
But you need to be real confident it won't be eclipsed by better tech (more applicable to HODLers rather than traders). Fact is: first and best are not necessarily synonymous.
It's all about the brand name, people all over the world know bitcoin. Thats all that matters the masses and third world countries that will adopt it don't care about better tech... as long as it works.
This is not true across the board. Once upon a time there were social networking/media sites called MySpace and Digg that had both market dominance and brand recognition.
those are web apps... not really a good comparison, Crypto functions more like Stock Shares.. which can also lose consumer confidence.. and if bitcoin loses confidence .. all coins will be fucked for a long time.
It actually might reach that level soon. I believe it should correct though after it reaches that level since the next major Fibonacci level is at around that price point.
It will....and then the bitcoin bubble will burst, because it's slow as hell. Dash will be the crypto king.
This post received a 4.9% upvote from @randowhale thanks to @ericwoelk! For more information, click here!
Unless trading on exchanges or seeking volatility returns from Bitconnect, why would we want a $5k BTC right now? Won't that make BTC harder to accumulate for the long haul with lower mining returns/higher costs? Fiat value should ideally be less important at this phase of adoption if we believe in the what cryptos will be for society over time, no? Just get as many as we can as cheaply as possible if we're looking to hold...
November.
This post received a 5.0% upvote from @randowhale thanks to @surprisebit! For more information, click here!
21 million total supply - millions of lost coins / 7 billion people. You just need 1 be apart of the future 1%.
But you need to be real confident it won't be eclipsed by better tech (more applicable to HODLers rather than traders). Fact is: first and best are not necessarily synonymous.
It's all about the brand name, people all over the world know bitcoin. Thats all that matters the masses and third world countries that will adopt it don't care about better tech... as long as it works.
This is not true across the board. Once upon a time there were social networking/media sites called MySpace and Digg that had both market dominance and brand recognition.
those are web apps... not really a good comparison, Crypto functions more like Stock Shares.. which can also lose consumer confidence.. and if bitcoin loses confidence .. all coins will be fucked for a long time.
It will definitely reach that price level. If you combine the prices of BTC and BCH, you can say it has hit around that price point a few times.
It actually might reach that level soon. I believe it should correct though after it reaches that level since the next major Fibonacci level is at around that price point.
That's a no brainer
https://steemit.com/bitconnect/@kayaman/bitcoin-investing-sites-that-are-trying-to-scam-you-and-are-succeeding
Check out my article where I explain why I believe that Bitconnect and its clone sites are scams!
Hi Trevon, unfortunately your video is blocked, because of copyright about LittleBabyBurn...
This week! maybe I should work for J.P Morgan since the dude that said bitcoin could be $55,000 by 2020 apparently gets a headline and I don't lol
soon please, very soon :)