At Which Price Would You Buy Bitcoin Now If You Had Some Money?
At Which Price Would You Buy Bitcoin Now If You Had Some Money?
Bitcoin is stable ultimately, between 3900-4100 USD. Some are calling for a new price jump ahead, others are sceptical, like always. Let’s say you have your salary of some months to invest. Which price seems to be reasonable?
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- 0-100 USD
- 100-1,000 USD
- 1,000-2,000 USD
- 2,000-3,000 USD
- 3,000-4,000 USD
- 4,000-6,000 USD
- 6,000-10,000 USD
- 10,000-20,000 USD
- At any price
- At no price
- It depends on other factors (comment, please)
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Bitcoin is the first cryptocurrency, is actually used in more places for payment than most others, and has a built in scarcity model that keeps the price jacking up. It also has longevity and first to market status.
But unless something major changes, it also has built in obsolescence. Personally, and I am no expert when it comes to any form of crypto, while potential value is in its impending scarcity, I don't think a crypto coin like that will continue to hold value if coins based on utility actually begin to take hold.
Especially if a new economy is built upon a crypto blockchain like STEEM.
So, I know that's contrary to a lot of thinking. As I said, I'm not an expert. I just don't think Bitcoin is really worth 4,000 USD. And while it will probably go up again, I will be one of those who will be missing out on the boom, but then, will also move out on what I believe to be the inevitable crash, too.
Hopefully, someone will anticipate what's going to happen and be able to profit by it.
I think big cryptos can survive like BTC and ETH, and the most innovative small ones. But BTC can stay always like some sort of digital gold. Not destined for daily transactions or smart contracts, but a safe heaven.
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I would rather buy STEEM
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I prefer to check for a potential market bottom.