Post
Topic
Board Economics
Re: Why is bitcoin worth? Welcome to discuss
by
Erza
on 30/03/2017, 13:55:41 UTC
Investors and nonprofessional people have different thinking about bitcoin. But in my thinking now bitcoin is still worth-able and its price groow above $1000. So we have no argue to discuss about bitcoin price value. In my eyes, bitcoin already achieved a successful place and now it is depend on ourself how we gain and make profit from bitcoin.    
Succesfull for a currency in my perspective is not determined on how much the coin's value is, but how's its coverage and usage in this world. It's no use if there's some altcoins which have overwhelming value but only be used among communities which coverage is low. It's ain't real currency but more likely a valuable digital properties.
right , you can see there's altcoin named bitcoinplus and looks onfire in the last few days have a value 0.004 jump to 0.12 within a day but dropped again to 0.03 in the same day. why it's happened? the community/user come to take advantage only , while in bitcoin it has well established enough compared to other cryptocurrency and people make it as future investment plan. 100% agree with you.

Nope, you are wrong, most people are trading altcoin just to get fast income like gambling itself. When the coin is being pumped it will skyrocketting so your profit will be double or even triple. Mean while bitcoin itself is not fully investment or trading. That is why we can see some fluctuation sometime which is profitable for the one that trade it daily. But still it is worth to do altcoin, the problem is you need to choose which coin is going to be pumped