All that matters is when instituitional money moves in. And it's moving in SOON. THAT alone will blast BTC off.
I feel grateful getting in at 5700. Who knows where this rocket will go. It's only just taking off.
Topic: BTC about to move from "early adopter" to "early majority" according to Forbes (Read 170 times)
November 02, 2017, 03:03:12 AM
November 02, 2017, 03:00:42 AM
I don't think I agree with forbes here Bitcoin still isn't known by half the people around the world and not many big places are accepting it I still think we are early adopters.
November 02, 2017, 02:58:56 AM
I feel like we're still in the early adopter phase. So few people actually know about Bitcoin, and even fewer actually use it. There's no way we could be considered a majority of anything yet, hedge funds or no hedge funds.
The article also calls Bitcoin a bubble in the end, saying how everyone is holding it to sell it to someone else at a higher price, and that it's going to pop once no one wants to buy anymore. I also disagree with this because while Bitcoin's price is dictated by supply and demand, it does still have utility, such as storage of value and as a convenient way to move large amounts of money.
The article also calls Bitcoin a bubble in the end, saying how everyone is holding it to sell it to someone else at a higher price, and that it's going to pop once no one wants to buy anymore. I also disagree with this because while Bitcoin's price is dictated by supply and demand, it does still have utility, such as storage of value and as a convenient way to move large amounts of money.
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