Post
Topic
Board Economics
Re: Is bitcoin dead?
by
Monnt
on 27/04/2017, 06:12:25 UTC
If you look at the growth trend over the past few years, you can see that bitcoin is alive and will live. These conversations are all aimed only at sowing panic among users and this all has certain motives.

I will support this answer of yours, it is obvious that so far bitcoin price value was 1266$ right now. which is literally high, but if you believed  like what others community said here bitcoin will become 10,000$ someday well we nee to buy it more as long as we can afford to buy it, before its too late.
you can see that the price of bitcoin is now trading above 1300 USD so it was a good time if you have invested your money in bitcoin, but still i will like to add that if a person want to invest money in bitcoin right now so has still good opportunity to make some good profit because the price of bitcoin is expected to increase more and can even cross 1500 USD in next few moths.

Yes, now the price of bitcoin is high. But no one knows what will happen next. Despite the fact that the price is constantly fluctuating, to say that bitcoin is dead is not right. Constant fluctuations - this is the normal state of the price
There are certain tools with which the economists measure the future of a certain thing which may be a currency or any other thing. As far as I know one of them is the law of demand and supply.

Till the demand is present the prices will go high and we cannot consider something dead when we see it flying high. So is the case with the bitcoin. It’s fluctuation frequency is basically representing the increasing demand of it. In fact it has to grow more.