Post
Topic
Board Economics
Re: if you think 18k btc is low wait until autumn ...
by
grim111
on 25/10/2023, 13:24:16 UTC
Why would you pay 18000 USD ( a car, food for a year for some, food for 10 years for some ) on 1 virtual coin ( number in your phone or laptop )? That does nothing if you leave it in your wallet  The crop on btc was collected at 60k now it has no more apples, the apple tree is dying...
The question you should rather ask yourself is why have people been paying far much higher for it previously, why have people fomo'd into buying bitcoin even when it was above 50k USD, so why wouldn't they buy now, when nothing changed, just the normal volatility.

Your prediction just like some others in the past wouldn't age well, just to provide an answer to your question, people will buy bitcoin because of its usefulness in the society for btc enthusiast, it can do stuffs other than just holding or leaving it in your wallet.


Speculation / gambling ...not investment,also it's a pump and dump game that noobs do not know ...

The internet is full of pump and dump groups https://www.telegram-groups.com/pump-telegram-group/

Right now all that pump and dump groups you can find on https://teleteg.com, a cool search engine, something like Google but for Telegram search.