Quote from: tee-rex on November 25, 2016, 10:21:25 AM

Quote from: PokerFace3 on November 24, 2016, 06:09:27 PM

Quote from: clickerz on November 23, 2016, 02:08:13 PM

Quote from: Positid on November 22, 2016, 12:44:17 PM

Fiat has been proven to be stable for a longer period of time since we are still using it, maybe I will believe that some investors will transfer their money in bitcoin but not to do away with fiat, they still need fiat as more than 99% in the world population are using FIAT.

Thats why an option to buy bitcoin is for those who has sapre money to do so and for a person who are well aware of internet and cryptocurrency. Still fiat is king, everyday we used it and still it it is needed in daily real life transaction. Even bitcoin is @ $10.00 fiat is still stable and important.

I think first it is very difficult that the price of bitcoin will reach to that high price, I think at that price no one will be able to trade bitcoin, and the second is that still majority of people do not know anything about bitcoin even they not hear the name of bitcoin so they are still using, therefore fiat is not going to worthless so easily.

In my view, there will be too many people buying Bitcoin "just for lulz" to justify it going that low. Bitcoin's wide popularity will prevent this. It is more like around $150-200 per coin being the lowest possible price for now. Cheaper than that would quickly lead to a surge in demand for bitcoins, therefore so low prices won't be sustainable.

The main reason why people trade is not because the high price or the low price, it's because the price move and they can take advantage of the price movement. It's pretty simple to understand if you are a trader especially a day trader.