Ninjastic
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Re: Should I believe in Bitcoin ?
by
patrickmh
on 05/03/2017, 19:59:18 UTC
Quote from: bncbnc on March 05, 2017, 06:40:22 PM
Quote from: BeGoods on March 05, 2017, 12:55:27 PM
Quote from: Xester on March 05, 2017, 08:02:23 AM
Quote from: cryptoblazter on March 03, 2017, 03:10:40 AM
Quote from: Financial_Genius on November 10, 2015, 05:13:39 PM
Should I believe in Bitcoin ?
I have 10k $ and maybe going to buy  , but I doubt the further development of Bitcoin and I'm afraid to lose money! Can you convince me or dissuaded from buying?

Yes, you should believe in bitcoin, as you can see now the value so far is getting so high. So what are you waiting for if you can buy bitcoin take the chance as long as you can afford to buy it.

Bitcoin is still in its early age as a currency compared to other traditional currencies. As such its potential to grow more in value will continue to spike the market until its maximum price will hit the market. Though bitcoin has a limited supply and the users demand is very high there is still a limit as to the price increase. That value will be around 100 million dollars per bitcoin, it will take more years to reach that value and so it is good to invest in bitcoin right now.
especially when everyone is using bitcoin bitcoin with a limited supply of course the price of bitcoin will be rising in the future. I believe it will happen, due to ongoing deployment of bitcoin
yes that is very right. the number of bitcoin users are increasing too much and that is the reason that the supply will decrease and so the price of bitcoin will increase as no one is welling to sell their bitcoin.

Majority of users are holding their coins to make higher profits in future but there are also many users who are selling or spending their coins on regular basis either in buying goods or on gambling sites and to make bitcoin a stronger currency we need to spend them and if everyone will keep on holding their coins then price will not go higher to our expected level and it will also make it a weaker currency.