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Understood, but that doesn't explain why it's a store of value meaning why can't bitcoin cost 5k vs 10k
by vasilipupkin 9y ago
Understood, but that doesn't explain why it's a store of value meaning why can't bitcoin cost 5k vs 10k
- hw 9y agosupply vs demand. More and more people are getting introduced to bitcoin, understanding it and buying into it. There's also a cap on the total number of bitcoins, so scarcity is another factor. Just like why gold is worth X instead of X/2
- vasilipupkin 9y agook, but gold sometimes is worth X and sometimes X/2, if you actually plot the chart of gold. Gold is not exactly a great investment
- geezerjay 9y ago> More and more people are getting introduced to bitcoin, understanding it and buying into it. That's pretty much the definition of a pump-and-dump scheme.