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RE: Bitcoin is closing in on $15,000USD - why it doesn't really matter.
Good post ! Those that compare it to the Tulip Mania obviously don't know what they are talking about. It's the supply one should focus on like you say and that is very small when we look at the demand.
Let's say the whole population of China would move to Denmark, I wonder what would happen to the house prices ? Hehe maybe not a good comparison. But it's supply and demand.
What is interesting with crypto is that soon everyone that is carrying a smartphone will get into the market. But that's small money compared to the institutional that is comin poring in. At this point the sky is the limit
ya can't grow more bitcoin so there is no way for the supply to go up to meet the demand the supply is math and set out so as the demand goes up so do the price. So we are going for a fun long ride.
We definitely are hehe
It will truly be a once in a.. not generation, but historical event that is taking place. Those who did not enter the cryptospace will regret it for the rest of their lives, while those who did will become very very rich. This is unstoppable at this point. Its a tidal wave. It happened too fast. They cant do anything to stop it, because it has all ready attracted so many clever people. Everyone wants in. Haha. Its beautiful.
Beautiful indeed hehe 😂I have been thinking about people that found Steemit early on. That have been living in this crypto world how many sweet deals they must have made early on. But anyway I am thankful to have found it at this point and there are many more roller coasters to ride hehe
There is still a bunch of great investment opportunities to be made. If 0,1% owns a Bitcoin address. How many do you think owns other cryptos? 0,01%? This will be the future, and there is money to be made everywhere right now. Steem and steemit is golden right now as well.
It sounds like a cliche HERE, but we are very early. We keep repeating that in here, but this is a ecco chamber. People outside have no clue what cryptos or steemit or steem is :)
It's the trut we are early in the market. For us a lot of things that are already "granted" other haven't heard of. If they heard of anything it's bitcoin and that's where it ends. We are getting juicy Steem dollars by chatting lol and buying other cryptos. So yes we are a bit ahead and I am very thankful :)