Quote from: Finatu on September 17, 2018, 12:27:37 PM

Quote from: Google+ on September 17, 2018, 08:20:13 AM

I think there are so many people complaining that the price of bitcoin might be due to the price in the past year in December that the price could touch at a price of $ 20k and is currently falling back which makes traders complain and maybe if you draw the conclusion of the price increase of bitcoin from time to time that is indeed what happened.

I see bitcoin is fine, if anyone complains that prices are down, they don't understand bitcoin as a currency, but are more likely to see bitcoin as an investment. The price of bitcoin is made because of supply and demand, so that the price of bitcoin will gradually be corrected naturally. For most people wanting bitcoin prices to go up and down is not too much and not too fast, so speculators are not playing with prices.

Even the people that does see bitcoin as a currency are going to be disappointed to wake up finding out that they can buy less things with their bitcoins. It's the same as inflation with fiat currency. People are mad about inflation because they can buy fewer things with their money. But as you can see people aren't considering fiat currency as investment but they're mad about that as well.

There really is nothing wrong about looking at bitcoin as nothing but an investment. It has a very volatile market and people would take advantage of that. Whatever opportunity that can bring money to people, they take advantage of. Sure do people understand that this whole thing is based on supply and demand. Grin

On the other hand, even with that knowledge, others want the price to increase when the timing is convenient to them. SMH.