Post
Topic
Board Economics
Re: Why do you want high price of bitcoin after all?
by
sharm2121
on 10/04/2018, 13:03:32 UTC
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

we can call selfishness if we want the price high, but as an investor the objective is want to have the highest possible profit, for example I bought when the price was less than  $1000, I went back to buy more and more and I bought when the price was  $17000, as you might imagine, if I bought when the price was $17000 then obviously I want the price to increase more than $17000 and increase to $30.000 will be better.

By that I mean that there are many people who bought when the price was $18000 and these people will wish to have profits and not have losses. to have profits the price of bitcoin should increase more than  $18000. We all want the price to increase to make a profit.

Yes its true, all people want a high price because they want to get high profit for their investment. Call it selfish but its true right? You invested because you want to increase your money so all investors wants a high price.