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RE: The Road to $1000 has hit a snag!😳
Focussing on the FIAT value of a coin shouldn't be your end goal. The end winners will be the ones holding the Bitcoin and subsidiaries after the revolution.
Focussing on the FIAT value of a coin shouldn't be your end goal. The end winners will be the ones holding the Bitcoin and subsidiaries after the revolution.
The revolution is gonna take a long time. Maybe 10-20 years. That's if bitcoin ends of being the top dog! We got to get through the hard fork first and pegging these to the dollar is just another way to look at it. Everybody is freaking out on if bitcoin will drop below $2000....baby steps....
Psychological barriers seem to exist in both dollar and BTC values, but this seems to be different for every coin. For instance, NEO has just broken out at the $5 mark.
I think the more popular a coin is, and if its value is over $1, people tend to look more at the dollar value. If it's measured in cents, people tend to look more at the BTC value. But even for popular coins people continue to look at the BTC price, like how ETH passed one major psychological barrier at 0.1 BTC. - @jarexx