Hey guys, i'm so bullish on Bitcoin right now and i think we're at the beginning of a strong demand of Bitcoin. I've got the feeling that by summer BTC is around 1500 usdollar. In this bullrun alts are going down faster than i expected even in dollarprice what's up with that? Miners sell all their alts to get a lot of BTC because mining BTC is too hard. My Question to you guys, if Bitcoin becomes mainstream will Iconomi be able to pay dividends at all? Also the 15 procent cap of one crypto is a question to me it would be much better now for the iconomi index to own a lot of BTC right, why the 15 procent. The index is in a downtrend and if i'm right and BTC continues to go higher also the index will go lower and the price of ICN will go lower.
The idea of an crypto indexfund is great but if Iconomi will keep the boundries of the 15 procent i really don't know.
Bitcoin holds about 85% of the value of all blockchains why not in the Iconomi index? If people outside crypto would invest in iconomi it will be more attractive to buy ICN if it holds more BTC. In the end it is all about making money for the ICN holdlers right so maybe let's rethink the 15% cap of one blockchain. If Iconomi was more in BTC the Iconomi Index would be lot higher.
People at work know me as the Bitcoinguy and more and more people starting to get interested and asks questions how to buy BTC, other things like Ethereum they can hardly understand i can tell. It took me 3 years to get some of my colleages the get some BTC but finally there is some motion in the right direction. For the rest of my coworkers i think it will take about 5 more years depending on what the price of BTC does.
The thing about Bitcoin as the currency i like , it's money where the rules and supply are clear and this is easy to explane to most people and if the price goes up it's even better and it will attract more people to this crypto world.
First Bitcoin then Iconomi
Iconomi team get more Bitcoin and i buy ICN
I doubt Bitcoin would even hit $900, $800 maybe. It's just a pump based on some real world issues and demand but it will be short lived, Bitcoin can't even scale for mass adoption. And the price is very fragile, a hong kong exchange hack bring its price to its knees in a second. Recently an almost bogus article regarding chinese regulation.
The only way Bitcoin will break 1k again would be with some actual game changing development or news, if not it will be around $600-800 for a while. The stock market has been pretty bullish lately while doomsayers are silent...