Bitcoin is just getting started. For it to become a reliable fiat replacement, it will take much longer time for its price to rise and stabilize before reaching a steady state. Buy and hold Bitcoin and don't sweat over its daily price fluctuation.
Yes! We just saw a big rise in the last 24 hours, nearly 20% and about 51.65% in the last week...it will fall and then go back up. So, long-term is best. The point I was making is that BTC, with its high fees, will not be what people use for daily, small purchases, but rather a store of value and maybe for large purchases (unless something major changes). It will be another coin with lower fees for the daily things.
Bitcoin is just getting started. For it to become a reliable fiat replacement, it will take much longer time for its price to rise and stabilize before reaching a steady state. Buy and hold Bitcoin and don't sweat over its daily price fluctuation.
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Yes! We just saw a big rise in the last 24 hours, nearly 20% and about 51.65% in the last week...it will fall and then go back up. So, long-term is best. The point I was making is that BTC, with its high fees, will not be what people use for daily, small purchases, but rather a store of value and maybe for large purchases (unless something major changes). It will be another coin with lower fees for the daily things.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit