Buying a little bit to lower average.
Wondering why people expect btc to rise to usd10k? for what reason they believe in this?
Well, the exponential growth trend (though that is lagging heavily to the downside now)..... Metcalfe's law (although the accuracy of that theory is up for debate)..... the storage of value and value transfer capabilities of BTC......
From Wikipedia: Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.
This means the value of bitcoin is increasing. Could this argument be valid?