I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Yes! To those who can afford especially the rich in capital still they will buy bitcoin even it is expensive to purchase because the next speculation value for the next year was between %5000 to $10000 mark so it still a big gain for all investors but for the poor in which very low in capital still we can invest to altcoin which is affordable and trade it to bitcoin so that we can still be on board for the next year speculation without spending to much fiat.