Quote from: anhhung409 on June 11, 2018, 12:47:18 PM

Yes, we need to focus on the real value of the ecosystem rather than the values on the moon. Many people are still spreading bad news about Bitcoin and this only makes it worth less and less. Instead of complaining, you should be an intelligent and wise investor

But the real question is, why would Bitcoin price raise currently or anywhere in the future?

People are saying that "bitcoin price IS falling" like it's some random or magical thing that happens without any reasons. I mean it's not like it is falling just like that. People are selling it for less and less. People consider it to be less and less valuable at this stage. Because if one takes a look at the coin, there is no actual utility currently. The fees are expensive, the transactions are on the slower side. Honestly, there are many better projects and currencies than Bitcoin currently, so maybe people simply notice that it's not the ideal coin? Or maybe they notice that it has become purely speculative asset without any actual value. There are still not enough places where you could spend the coins. The regulations are non existent or very confusing so no one really knows if its legal or okay to own it and how to tax it in most countries. People are afraid of spending Bitcoin because "it may increase in value one day". So you've bought a CURRENCY that you don't want to use for PAYING, because it "may be worth more in few years..."? I don't see anyone screaming "HODL US DOLLAR BECAUSE IT WILL BE WORTH MORE!!!" Why would BTC be worth more if no one wants to actually use it? People think it's some magical asset, which price is raising for some magical reason that no one really want to understand or research.

"It is raising so I will buy it and be rich in the future. I don't even care what blockchain is and I've read an article that it will be worth $100,000 in two years. Let's HODL!!!!" - what thousands of investors thought blindly...

tobs

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