Post
Topic
Board Economics
Re: how in the world is btc at $12.303,28?
by
Quidat
on 18/08/2020, 23:10:40 UTC
how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at  8000 usd and eth  was at 130 usd .... ?

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Well if you guys say  bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .
So be it if you do look bitcoin this way and also it isnt really just set out on stone to be a currency yet we know that it can be either both at the same time .Digital currency + Investment.
You cant force out people on how they do gonna handle out their coins neither they would actively spend it or hoard it since they do know the price increase potential and also asking on how in the world it did happen? then if you've been here on this market for a while now then you wont get shocked into this kind of scenario or situation.Price can shoot up even on a matter of seconds and all technical analysis would be blown out since these are not precise indicators that will give out precise predictions towards future prices.