Re: Why is a constant rise in the price of Bitcoin, important?

Quote from: cherrymobile on June 22, 2018, 06:59:54 AM

Quote from: Kakmakr on May 16, 2018, 06:08:26 AM

Let's say you bought a bitcoin for $1000 in January 2018.

So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments.

Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment.

Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years.

So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on...

Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH. Wink

..... You might end up with a bitcoin worth $100 in year 5. Roll Eyes

Its just because of bitcoin whales. Bitcoin whales are the real reason why bitcoin price is pump and dump so if you see that bitcoin pump and dump you should wait until the bull and it is a new. The first is to give up again this year, right now is to invest, the best cryptocurrency in our beloved.

I dont think it is important because many investors love volatility in the price because if the price increases regularly then new investors will not be interested in bitcoin investment. Therefore I think that ups and downs are the beauty of bitcoin and are the key to catch new investors. Constant growth means that one day nobody will be able to buy bitcoin.