Over the past few years, Bitcoin has increased in value amid community doubt. Bitcoin is an asset with a large range of volatility due to too much FUD because of different information because Bitcoin is owned by the community.
Bitcoin is appreciated by small traders and today it is accepted by businesses, large hedge funds and banks. Bitcoin's network is growing bigger than ever, so the value of Bitcoin will continue to grow.
Topic: Fastest growing asset (Read 120 times)
Talking about 2 percents of the world holding bitcoin or knows bitcoin. I think this is the best time to study and know everything about bitcoin and it's development, Including trading and offering services that accepts bitcoin as payment. Investing on the knowledge of bitcoin keeps everybody safe and will increase the percentage of people that knows bitcoin. These people needs some explanations and those who have experienced the evidence of bitcoin not being a ponzi scheme need directions too. Why is the price fluctuating? because of the second people i just mentioned, they bought bitcoin when the price is high and when it's dropping they will sell immediately. But if directed by a bitcoin scholar those users will hold no matter the price. That's one of the ways we can stabilize bitcoin. They will be a lot of profits for those that knows everything about bitcoin for knowing sake.
Bitcoin is no longer a people's asset in my opinion. It is taking its place alongside gold as an asset an medium of exchange for the bankers and the wealthy. Basel III will be interesting, and thar should influence the price of Bitcoin as well as the price of physical gold. Platinum is another metal to watch imho.
Was bitcoin a people's asset though(assuming you meant solely retail investors)? Bitcoin is literally for everyone — me, you, the rich, the poor, the corrupt government people, your schmuck neighbor, everyone.
~snip~
What do you think?
What do you think?
I think most people are not yet ready to accept what Bitcoin has offered as an alternative to the existing financial system - that is a fact even if we are talking about the 2% of the world's population that may own it at the moment. It seems to me, however, that the number is lower, which means that the average Joe does not understand Bitcoin at all, or that he believes more in traditional investment methods such as gold, stocks or real estate.
If I were to take that 2% as the exact number, how many of them actually owns BTC because they believe in technology, or because they want to be somewhat financially sovereign, and how many of them just want to profit as quickly as possible?
Bitcoin is no longer a people's asset in my opinion. It is taking its place alongside gold as an asset an medium of exchange for the bankers and the wealthy. Basel III will be interesting, and thar should influence the price of Bitcoin as well as the price of physical gold. Platinum is another metal to watch imho.
It's pretty much retail investors in a nutshell. Most people get really really confident if the price in increasing, and they immediately doubt their investments when the price is decreasing. It's basically just inexperience with investing in general.
What's lacking for the ones who sell?
FOMO. They are selling for FUD now, and when it turns around and we beat ATHs again, especially when we pass the 100K barrier, they will be buying like crazy again. Bitcoin history is like that, and those who don't know history are doomed to repeat it.
Bitcoin has just 12 years of history and only 2% of the world's population is involved, the fastest-growing asset in history.
What's lacking for the ones who sell?
Just think where it'll be if it's 10%, or 25%, or 33%!
In this regard, I believe that when the value rises at such a rapid rate, it affects people's life. Then individuals might benefit since their lives have permanently been affected. Just because we can deal with the swings with X invested does not indicate that someone can do the same with money changing lives. The charts appear fairly bizarre and individuals profit.
What do you think?
What's lacking for the ones who sell?
Just think where it'll be if it's 10%, or 25%, or 33%!
In this regard, I believe that when the value rises at such a rapid rate, it affects people's life. Then individuals might benefit since their lives have permanently been affected. Just because we can deal with the swings with X invested does not indicate that someone can do the same with money changing lives. The charts appear fairly bizarre and individuals profit.
What do you think?
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