Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on October 11, 2018, 05:42:15 PM
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Bitcoin has to be a speculative investment or a currency weaken a global financial system full of injustice are trying to destroy Bitcoin?
"When it was created in 2009, Bitcoin surpassed all currencies, even with the government itself as hostile to it, and the uncertain legal regime that governments have created to manage it. The way people can not predict what will happen. So its present value can reach this level as has been great, since the fact that it only faces headwinds without tailwinds. Every government around the world is trying to find a way to stop and destroy Bitcoin."What do you think about this?
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Bitcoin also became valuable because of its usage. If it was easy to duplicate, easy to confiscate, and hard to store and transfer, then it would not be worth much. Its scarcity and utility is at least partially responsible for its valuation with the rest being hype, hopes and dreams, and speculative trading.
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Having in mind all recent events and the fact how fast and unpredicted the price was moving in all directions it's realy hard to give any prediction, because everything is possible. But since I'm an optimist I believe that all this mess will be cleared up soon and that Bitcoin will once again have the open road to rise. In my best scenario the price could reach 10000$ until the March next year.