Post
Topic
Board Economics
Re: Why do you want high price of bitcoin after all?
by
naidray
on 19/04/2018, 17:04:59 UTC
At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
Reason is  because most of us that are into this business are very selfish and greedy. Well, who wants to make loss even if it’s just a $1? Nobody does. But we all should learn to do things in a way that it will favor the community and help us to go further than falling back. Yes we all wanted just $1000 and we did got it. I  can even remember that we once wanted just $500, and we got it before proceeding to $1000.  When we got to the rate of $1000 there are people who happened to invest at that price rate and they also wanted the price to go up, especially those whales who are used to manipulating the marketing and stealing away huge amounts of money. There is no way you can stop it, it either falls or rise.