Post
Topic
Board Speculation
Re: Would you buy/use Bitcoin if you knew its price would not reach a new ATH?
by
AjithBtc
on 19/07/2020, 03:24:07 UTC
Yes, as I would use it for payments and savings, especially if it keeps on growing... I think it would turn into a less speculative asset and it would assume a definitive "store of value " characteristic
If it would remain stagnant I would be less enthusiastic about it but would hold some anyway
From the day of bitcoin into usage there is periodic growth with time. At some point there is unexpected price increase which boosted the expectation among the cryptocurrency users. This doesn't mean that bitcoin needs to reach ath quite often. As most people my preference of bitcoin and other cryptocurrency were a form of investment. Till date it has provided with a profit out of the growth and same continues as the demand keeps growing.