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RE: Bitcoin to make 2 new highs and then retrace to the $1k level?

in #bitcoin7 years ago

It’s a very interesting possibility. I think that most people look at Bitcoin as the pioneer and the powerhouse that drives the blockchain. The guaranteed low supply also makes the demand higher and therefore people assume high price. What if though? As we all say Bitcoin is the pioneer and the standard but there is new tech coming out all the time and whose to say Bitcoin doesn’t become obsolete. It’s already becoming slower and more expensive to transact with. I personally think it will always have a value due to the nostalgia and perseved scarcity. Kind of like Gold.