Post
Topic
Board Speculation
Re: why is the price dropping? where is the logic please read!
by
mltbg
on 15/09/2017, 11:29:52 UTC


I would disagree with you. I think that Bitcoin is heavily under-priced right now. Bitcoin is being used as a currency by around 10 million people, and still its market cap is below $50 billion. On the other hand, the market cap of the Swiss Franc, which is being used by less than 8 million people is many times that amount (including bank deposits as well). So in my opinion, the current dip may be a temporary one, and new heights may be reached in a short time from now. Sell your coins now, and regret later.

10 million users?  Are you sure?  Last I've heard is that only 300.000 wallets have more than $5000 worth of bitcoins.


Also it is absolutely dysfunctional as currency - high fees, slow processing and no incentive to spend when price is going up.