Bitcoin Price Thread

I guess these people are happily buying bitcoin at dirt cheap price thinking/hoping/wishing/predicting/expecting price would reach a value of beyond $100,000 in the future?

Common sense will tell you if demand is sooo great, people would simply increase supply (eg introduce more cyptocurrencies).
These people failed to understand cyptocurrencies are not limited in quantity and as such, price wouldn't sky rocket to the moon and beyond.


Only things that are of very limited quantity might appreciate tremendously
(eg outstanding piece of art, artifact).


Ashes to ashes. Dust to dust.

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CEO of Shopin Eran Eyal said he has “no doubt” bitcoin will reach a value of beyond $100,000 in the future.

Mr Eyal said it is important to separate bitcoin from other types of cryptocurrencies such as ethereum or Ripple. He said each cryptocurrency has its own “business model” to differentiate from one another.

Speaking on CNBC, Mr Eyal said: “I have no doubt that bitcoin is going to reach well-beyond $100,000. Have a look at how it has climbed over the past.

“I think it’s important not to just look at it at this moment in time but also to look at it historically at what has happened around the world.
 
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