again with this stupid "issue" there is not such thing as "expensive bitcoin" you simply buy less than before, because the value is higher
you would regret even buying now when the value will be much higher, pretty much like those that had the chance to buy it back at $500 and said the same thing as you
I love
BTC, I want
BTCs, but buying them now, at this price, it won't work..too expensive
. If you owning Bitcoins or thousand satoshis, consider yourself lucky!
if you really "loved and wanted" bitcoin then you wouldn't have cared about its price at all.
if you want to use bitcoin, then buy it already. there are 100000000 satoshi in 1 bitcoin, pick an amount you are comfortable with and buy that and start using that
those who care too much about bitcoin price are loving fiat and wanting fiat not bitcoin I'd rather say they love profits
And they don't particularly care which currency this profit is denominated in (as long as it remains profit in any currency, obviously). After people get used to Bitcoin price consistently rising, they will start reinvesting their earnings from the previous cycle (if they aren't doing that already), and this is the point from where the crash begins counting down. Such processes are not self-sustaining, and when the right time comes we may see an avalanche of selloffs
they love profit but in the end those same people dump always for fiat, i doubt they are using bitcoin to purchase stuff on the web directly withotu exchanging for usd or euro
You are telling only half the truth
And the whole truth is written in my post above. The crucial part in this truth is, as I said, profit itself irrespective of whatever currency it is denominated in. If it still doesn't get through somehow (which is understandable), imagine that people don't care for fiat as such and they don't care for bitcoins either, all they care for is wealth and wealth accumulation. In other words, if, say, the US dollar got heavily devalued (Fed going mad with printing insane amounts of dollars or something to that tune), people would dump it without a second thought for any other currency just like they would dump bitcoins if Bitcoin were about to crash. Get rid of the false fiat vs Bitcoin dichotomy, this is an erroneous approach. Wealth is what counts as well as profits which lead to its accumulation, while the specific currencies are irrelevant. In a nutshell, welcome to financial capitalism, bro