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November 28, 2017, 11:53:09 AM |
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Correct my logic if I am wrong.
The total amount of money that people have in BTC is relatively small, the number of people now learning about and investing in BTC is growing exponentially. This growth accounts for the consistent rise in price. The short term volatility is caused mostly by short term investors. Even if the bubble theories are correct, there is still a LONG road of potential growth ahead. These arbitrary landmark dollar values like $10000 and 1 BTC are really irrelevant because realistically if BTC is successful over the years and becomes more widely used we’d be talking about fractions, decimal points, and Satoshis.
There is no reason for BTC to “crash”.
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