Quote from: BTCLovingDude on August 08, 2017, 10:23:05 AM

Quote from: vampyren on August 08, 2017, 09:46:13 AM

My question is for long term is it better to wait or is the price going to keep rising. Maybe we have a new bottom?
I know it's speculation but curious what people are thinking.

it is impossible to tell with bitcoin. i don't know how DannyHamilton is 100% sure but what i say is that there is a pretty good chance that in long term price will keep on rising. it is a very simple supply and demand relationship and because the supply is limited and fixed and at the same time the demand is rising, price will rise.

but you know, bitcoin is still a new technology. it is even still in beta! and the market is too small and too volatile. which is why i say a "pretty good chance" instead of being 100% sure.

DannyHamilton is one of the persons with the most knowledge about bitcoin in the entire forum, however it is not important if bitcoin ever reaches that amount, the important message is that bitcoin is going to become extremely valuable in the future, so much that just holding one can be a life changer.