Furthermore the bitcoin will never reach $1000, bulls stop pipe dreaming, why would individuals risk $1000 of their hard earned fiat cash, for something that isn't backed by gold/ silver or a commodity, one way to get seriously burned, but the rationale of a group
100% proof that this Junior Profile "early adopter" has no idea what he's talking about. This is a classic example of the psychological barrier of a price of "1 whole bitcoin." It doesn't matter whether you buy 1 whole bitcoin or a piece of a bitcoin or 2 and 3/17ths of a bitcoin. The fact that OP is hung up on the "whole bitcoin = $$X" issue is a dead giveaway that he doesn't really understand bitcoin.
Individuals don't have to risk $1000 of their hard earned cash because "one whole bitcoin" doesn't matter. They can risk $200 or $5 or $5,000,000.
$1000 per One Whole Bitcoin is "unreachable," so what IS reachable? $1000 CAD for 3 bitcoins? 10000 JPY for one millibitcoin? $175 for 0.75 bitcoins? 3,000,000 pesos for a kilobitcoin? 14 remnibi for one satoshi? Take a discrete math class, for god's sake, this is all psychological.
In the code, bitcoin values do not even have a decimal place. They are just a big long string of integers. The decimal place is put in where it is for easy readability, and obviously in its infancy, one bitcoin being worth 50 cents or 1.75 was not psychologically outrageous. In the same way that some large companies split stocks to avoid the psychological barrier of a large stock value, using m
BTC or smaller values solves the same problem.
The whole number before the decimal DOES NOT MATTER! It is purely psychological. The fact that you do not understand this shows how likely it is that you are really an "early adopter," as the true early adopters tend to have done their research on the concept before buying in.
Did you say you bought at $12?
buoght at 12 dollars,
So you're not really an "early adopter." You bought in a few months ago and are calling yourself an "early adopter." Lol.
this!!!!!! + 1 +1 + 1 + 1
? really?
