in my opinion, this is what happening right now as the trend of bitcoin price has been sky rocketing. what do you think affects the price increase of bitcoin today?
It's not just that. If what you are saying is the only reason people are buying, then we would be in the bubble many people still talk about. There is a huge hype around bitcoin, and a lot of it comes from emotions and speculation. I won't argue with that. But let's not forget that bitcoin has real practical use, so there are a lot of people buying because they know bitcoin has all the potencial to become a new store of value asset, and if you compare it to other assets on the same category, like gold, then you must agree that bitcoin price is still very small, and it has great investment potencial. This of course is still speculation, and it could go wrong. It all depends on how regulation is done, and how investors will deal with it, but I it's not just "popularity" with no actual potencial that justifies it's popularity.
thanks, i did not mention that popularity ONLY dictates the price of bitcoin, im sorry i didnt put ELSE in the last sentence, but thanks for this input, investment is based in speculations, but backed up by proof of POSSIBLE profit and earnings, that is the essence of investments, if we are talking about POTENTIAL, you are already speculating.
