Some people have billions of dollars right now because they have been messing with coins since 2010 when you can get in the thousands per day,
In my opinion some of the biggest holders should sell off their stock to drop prices and bring more people in. That's how to go mainstream the quickest way possible. The way it's going at the moment, who wants to join a system where a few people are hoarding much of the wealth to squeeze extra dollars out of those (also relatively new) looking to join
? Looking at the charts, volumes, etc., I don't see how this can be sustained without the prices dropping / correcting / whatever technical term you may want to use. Large-scale credible businesses offering a wide variety of uses and advantages for bitcoin are also a must.
(Don't worry, you're not alone!)Well there's an idea!
But seriously, I don't understand anyone buying in now at $850. Look at the volumes being traded. It's like a ghost town! If you're getting in that close underneath $1,000 why not just wait until then and also get the chance to buy in cheaper with the possible pre-$1,000 crash, because when it breaks $1,000 and sustains that will be an important milestone. And so what if you buy at $1,050 instead of $850 - if bitcoin's going to the "Moon" anyway!
