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Anonymous
Crypto questions - holders mentality and and supply/demand 2017-09-12 11:58:37 Post No. 3442301
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Crypto questions - holders mentality and and supply/demand 2017-09-12 11:58:37 Post No. 3442301
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Crypto questions - holders mentality and and supply/demand
Anonymous
2017-09-12 11:58:37
Post No. 3442301
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Semi-noob, here. Hold small amounts of LC and BC, ETH for a little bit. Will likely invest in cryptos and keep 5-10% of non-retirement assets in coins. Questions:
1. Those who got into bitcoin (or crypto 'x') largely got in in order to hold as an investment. If cryptos are to function like money, does this buy and hold trend hurt them? Or is there an expectation of stability and liquidity--not sure if 'liquid' is the correct term--once use is widespread enough? Or something else I'm not thinking of?
2) $300 to $4K is a nice run and I don't see it as imprudent to speculate about a bubble. However, if we're talking about something that is here to stay that still has a relatively modest user base, are we not looking at additional run-ups like we just had?
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to the moon...
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>>3442301
stability will increase as mktcap increases,
you will see people spending bitcoin more and more over time as
1. price increases
2. merchant acceptance increases
Put yourself in the shoes of a hodler, they are thinking ''hell no i'm spending my buttcoin now, i'll wait til it's 10k/100k/500k" etc
this is an unavoidable, natural way of thinking and will change
next big run up in price will be Bitcoin ETF approval, when all the institutional money that was previously sidelined can now get in
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>>3442752
there's another thing i would like to add
most of the 1% just sit on their money (be it in investments or in their bank), take Warren Buffett for instance. Guy is insanely rich, but hodls most of his money.
we will see this happen in BTC too, decreasing available supply even more.
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