only approx 10 million bitcoins in circulation
at 30US each thats roughly only a few million pizza orders, enough to feed barely a whole country for 1 day
bitcoin is going to be the shadow global inflation controller so it needs to increase in price to do its job
selling any coin right now is ridiculous at the current low unexplainable price
everyone around the globe
is starting to hear about bitcoin and they are going to need to get in at some point or they will be
reliant on the highly inflationary fiat for the rest of their life
Yeah crazy to sell at 210 and buy back 3 times as much at 70 when the price will be so high someday. You would only have 3x as much money there....ridiculous. Better to just blindly hold.
Many traders out there are also trading for a thrill in their life, beside financial gain of course. Many people that I know can't hold. For them this is pointless and boring. They need some kind of action and excitement all the time.
Yeah I know some of those guys too. They are insane, they are incapable of holding and need to day trade, and of course some don't take it as far as day trading, but are always buying something and trying to short it and no asset stays on their portfolio for longer than 1 week..
