Post
Topic
Board Bitcoin Discussion
Re: bitcoin boom or burst ? how to analyzed?
by
PopaulHith
on 21/02/2020, 07:28:10 UTC
Why should this matter? Bitcoin is supposed to be a currency and if you use it as a currency, you should not be worried about things like this. Yes, it is a added bonus if the price can increase a little over time, because you do not want a currency to lose it's value, like with all other Fiat currencies.


Let’s say you have $100k in your account. Regarding your expenses, this kind of money is enough for the next 4 years for you.
Now you decide to switch to BTC and Buy 10BTC. As a result, you don’t know if it will be worth $30k or $300k in 6 months (possibly $15k or $700k).

Well, that sounds like a big problem for me as a currency…..