Post
Topic
Board Economics
Re: Why do you want high price of bitcoin after all?
by
Kanda Yu
on 19/04/2018, 17:15:57 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.
Amidst all those disadvantages, we all still want high price mainly because we want higher profits. Having bitcoin's price getting expensive would totally make many people rich in an instant although almost everyone right now are just holding their bitcoin hoping for a pump. It may sound selfish but we all have different needs and status in life so you cannot really blame them.