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 pretty sure i will continue to invest to bitcoin even it is now very expensive to purchase because still we will continue to gain. Its just very fortunate to those long time holders because they now have the option to sell or extend their hoarding as the next year speculation which i also believed that the value would be reach at $10,000, just imagine the huge gap we could gain if we start buying now so lets on board now before its too late again for the next year.