Post
Topic
Board Economics
Re: Bitcoin trading strategy
by
Borisz
on 08/06/2015, 14:26:17 UTC
This 10'000$ dream is cool, problem is you have no way of knowing if it will ever get there. I'm not saying it cannot/won't, but do you know for sure that it will? Otherwise you will be sitting on a bunch of coins, not doing anything with them, just to find out that in 10 years it is worth the same.

Some people are living in their own delusional dream (cant really blame them though), probably driven by that BTC once reached $1200 and may reach another high peak again someday. The bolded part will be a good scenario if it really happen or the people holding and hoping it to reach $10,000 will be sitting with a worthless BTC in 10 years
Not that Im pessimist in BTC , just that people should learn that it is not a guarantee that the value will increase overtime , best thing would be earning from its movement aka daily trading

P.S : buying and holding BTC isnt really trading but somewhat it is long term investment

The marketcap of Bitcoin is extremely low. If you look other marketcaps of other disrupting tech such as the simple uber one, you'll see how tiny the marketcap for Bitcoin is and how the space to grow is insanely big. People has a problem of a mix of putting things into perspective and not being able to be patient.
Of course you shouldn't sit on 1 BTC and do nothing with your time, you should actively try to grow your stack in any means possible.

I would say this is only true if you are looking at 1 BTC as the base unit. However if you follow the argument, which is often brought that BTC can be divided infinitely, then we have an infinite market cap. (or rather self-defined)