BTC 9500USD. Weeeeee, 8k HERE WE COME, BRUDA! Guy above me talking about losing on stocks...but damn stocks don't fall 55% in 30 days.
$8K is predicted and looks likely.
For all the Braveheart fans out there... Hold, Hold, Hold, Hold
Unfortunately, my friend, price of BTC will revert to what it was, at the mean average, before the time that the holders of 99% of BTCs at that time, just a handful of people, about 1% of the total holders, decided to play with the rest of the 99% percent sheeps who were holding just 1% of the BTCs. And so, by the power of 0,000001 BTCs transactions, the price rose to 20k. Now the whales cash in. Swallowing, of course, the little puny fishes like ourselves.
You don't understand what gives Bitcoin value if you think like this. What gives it value is it's scarcity and it's usability. Bitcoin has both. This is musical chairs and people who hold Bitcoin at the end of all this manipulation and fear mongering will be very wealthy.
Usability? Funny word when talking about cryptocurrency.
))))))))))) Dude, when Mercedes released only 3 cars of a certain model, stating that these will be the only 3 cars in the world, that PROVIDES a certain aspect related to a well-established brand, this is what I called scarcity. And that's precisely why those cars would sell for millions, or whatever the fuck the owner wants to ask for it. But you are comparing bits, Fugazzi, air, dust with a real asset that has ITS PRECISE utility and usability. Actually, you are trying to say that BTC is a collectible. And this is precisely why it fails now. Because it isn't a collectible. It is a beautiful underground project for the new movement of the internet TURNED into a mania, a greedy monster. Has no real use. NONE, ZERO, NADA! And expect to go back to its mean average. That's like 300$.See you don't get it. You can't compare Bitcoin to cars, you can however compare Bitcoin to phones. Bitcoin is a network, just like a phone network. If there were only 3 phones in the world then they would be pointless and worthless if there are 3 million or 3 billion phones on the network then a phone has real value. This is it's value as a network. Like Facebook and any other social network. Go research Metcalfe's law. This is it's usability.
Scarcity is set by the 21 million coins and that can't ever change. Bitcoin is crypto gold. In the future you won't have to sell it to use it. You just need to own some of the 21 million coins that will ever be in existence.