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I was talking more in terms of unit value of Bitcoins. I think a lot of people invest in Bitcoins like they invest in stocks. As of today Bitcoin price is $122.
by volaski 13y ago
I was talking more in terms of unit value of Bitcoins. I think a lot of people invest in Bitcoins like they invest in stocks. As of today Bitcoin price is $122.10 but it used to be much lower. The more people start using Bitcoins the more valuable it will be, and the early adopters will benefit from it, which incentivizes them to hold onto their Bitcoins instead of letting them go once they have benefited short-term. It's important that the early adopters see the long term value otherwise it will be like a draining bucket.