The market is finally showing some weakness after a wild post-election stock market run-up, and it's taking Bitcoin with it. At least so far.
Three years ago, Bitcoin was under $400, a price I thought was too high even then. As far as I'm concerned, Bitcoin has no intrinsic value and should be worth nothing. So why does anyone think it's worth thousands (and in some cases, millions) of dollars?
It's the theory of false scarcity. There are a limited number of bitcoins in the world and the usage of blockchain technology has assigned the ownership of each coin to specific wallets owned by individuals. So to take "ownership," I have to use the universal blockchain mechanism, accepted by all as valid, to transfer a coin.
This is the only period you have to convince your self and be proactive rather than active to gain much advantage while Bitcoin price is still low and Most experts guarantee that Bitcoins price will be much valuable in the future than today and it could give a great competition to most major fiat currencies and I do believe that because more tokens are bought by well experienced and potential investors and what other people do is sell there currencies for the current price due to lack of confidence so only few individuals will gain profits again during the Bitcoin journey