RE: The Case For $1,000 Bitcoin

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The Case For $1,000 Bitcoin

in bitcoin •  7 years ago 

@getonthetrain I agree perfectly with you but let us not also forget that though bitcoin has failed in the area of technology with issues pertaining to high transaction fees, it still has the advantage of first market thereby making it gain a lot of publicity. This in turn will attract lots of investors who are not quite informed about altcoins using more advanced technologies. Not forgetting its limited supply also plays a crucial role in making this coin very valuable.

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Plenty of things have lost first mover/most popular advantage - MySpace, AOL, Kodak. I know it is the cryptocurrency that everyone hears about and knows so that is why I say it will stay around, just at a lower price level.

Oh ok. I get you