Dear Diary: I Am Bullish For Bitcoin
Bitcoin is slowly inching up and some people says that the bottom is already in and that we will never touch the price of 3,200 dollars per bitcoin again. The fact is that everyday there are people learning about cryptocurrencies especially for bitcoin and so they would like to have some and then they would buy and store it in their respective wallet.
Also some Bitcoins are lost in the process for hordes of causes like sending it to a wrong wallet, password errors or neglect, lost keys, etc. Then there is also the institutional investors that are buying Bitcoin so that they can have some way to profit once Bitcoin gets mass adoption for like being a payment system to most online shops ad stores.
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These things creates a need for Bitcoin and scarcity that makes it more and more valuable. It will be just like what we are seeing now which is Bitcoin getting more pricier as months go by.
So what we have to do is to buy Bitcoin and accumulate as much as we can or even just own one Bitcoin and store it somewhere safe and take profits once the price hits to the sum that we wanted.
It is good to own Bitcoin because it will be our safe haven for our future in the event that we fail to acquire regular financial security when we get old or get sick.
I hope to save a lot of bitcoin this year, but it's very difficult because I only mine it from the steemit platform.
Steem is useful for mining bitcoin, that is what is driving steem, overflow of demand for bitcoin! Good news, i love bitcoin and have been saving for a while too!
Yes, my friend.