Post
Topic
Board Speculation
Re: Bitcoin on the LOW!
by
JimboToronto
on 04/09/2018, 16:52:26 UTC
Bitcoin holders who have 4,000,000 Bitcoins purchased before 2011 for $100 or $200, they have the Bitcoin market.

When they sell, bitcoin is going to $2000.

Bitcoins purchased before 2011 cost less than a dollar each, not $100-$200. Remember that a $20 pair of pizzas cost 10,000BTC in 2010.

Anyone holding since then is unlikely to sell more than a tiny amount if they absolutely must sell, maybe a couple of hundred coins if they needed a couple of million dollars to buy something.

I seriously doubt Bitcoin will ever go below $6k again.