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RE: Could bitcoin be a good long term store of value just because we say it is?

in #bitcoin7 years ago

your article is very professional,, from my point of view I believe that BTC will be worth more that $20k in the future,, because of new holders that are putting millions everyday in it,,, Since the majority of BTC holders do not need to sell their BTC at the moment,, or let us say they are waiting for BTC to reach $100k then sell,, some think positively that BTC will worth $500k so they wont sell in the near future, others may wait for $1million and so on, and here we are seeing that a fraction of BTC that worth $10 last year when the price of BTC was playing between $500 and $700 is worth more than $150 now because the price is rising quickly, traders see it but they do not feel it concerning holders they see it and feel it in the same time.