Someone seems to dislike the thought of $2900 in Western exchanges. China is constitently pushing towards $3k.
The question is how BTC will behave in the epic bust that many are expecting imminently, because even gold crashed in 2008.
Staying somewhat liquid could be advisable.
That's Bitcoin's use case. When banks start going bankrupt Bitcoin's going to get pumped higher than any of us can imagine. During the next wave of bank bankruptcies they will be bailing themselves out with our money taken from our bank accounts. Even the people that own the banks will be putting their money into Bitcoin rather than bank accounts that are guaranteed a 50% haircut.
And transaction fee will be 1000$ .
Quote from: https://bitcoin.org/bitcoin.pdf
6. Incentive
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.
The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.
