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I'm sorry dude, you really don't understand how this works. It isn't about finding a greater fool willing to pay $1k more than you did. The reality is there are
by rfd4sgmk8u 6y ago
I'm sorry dude, you really don't understand how this works. It isn't about finding a greater fool willing to pay $1k more than you did.
The reality is there are plenty of people that will keep buying. There is no 'run out of buyers'. Years ago we spoke of 'buyers of last resort'. This used to be suckers like me. Its now large institutions playing games with each other. This world is far larger than you are imagining.
I will buy BTC as long as I am able, with fiat currency, regularly. I do this as a hedge against inflating fiat currencies, and as you can buy a part of a coin, the actual price per unit doesn't matter as much. What matters is the store of value over longer times, in an deflating asset class.
Can I recommend you watch some of Andreas videos at https://aantonop.com/videos/ https://aantonop.com/videos/ to inform yourself?
- ThankYouBernard 6y ago> you really don't understand lol all you crypto fanatics think that the only possible reason anyone is skeptical is because they don't understand.
- WA 6y ago> the actual price per unit doesn't matter as much. What matters is the store of value over longer times Contradicting statement. Or how do you define "store of value" if not in USD?