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The below comment is more political than anything else. Like any commodity/currency/anything of value, at this point the massess have plenty of/the majority of
by HenryBemis 8y ago
The below comment is more political than anything else.
Like any commodity/currency/anything of value, at this point the massess have plenty of/the majority of BTC. Once this changes and hedge funds, banks, et al, will hold the majority of any/all ctyprocurrencies, then 'suddenly' the prices will rise, cryptocurrencies will be mainstream and accepted in your local grocery store, and they will bloom. Only then and not a day before. 'We' can't have the people running their own money. Once their money becomes 'our' money, then we will allow them to play with some of it.
It is called capitalism and holding/controlling the power.
If someone is selling at $4k, it means that someone is buying at 4k. Tomorrow someone will continue buying at 3.5k. I don't think big banks are stupid. They can and will speculate, wait for it around the corner, and when you see it next time hittint $10k, remember that someone who bought it TODAY for 4k is selling it for 10k, making 60% sweat-free profit.
It is a long game.