Post
Topic
Board Altcoin Discussion
Re: Help me understand
by
wajik-tempe
on 29/07/2021, 03:16:55 UTC
Will the BTC price take longer to reach all time highs with time? 5 years ago 10k bought 3 BTC, now it buys .25. Does that mean that as price goes up, it will require more fiat to keep it pumping? When price is 200k, it will take a lot of money to influence price it seems. Even with mass adoption, it would require people to put it a ton of money to raise the price.

If we refer to economic theory the price should be increased because the supply of bitcoin is limited, and the demand is always increasing every year because the blockchain system is massly adopt by many comapny and country in the world. So i will just confidently invest some of my income to bitcoin or other altcoin because i'm sure if i hold it for a long time, i will get decent profits.