You hear a lot from Bitcoin holders that what gives Bitcoin it's value is it's "limited availability," 21 Million to be exact.
Well with this logic, any company with a limited amount of public shares should then reach stratospheric price valuations. Right? Well in reality it does not work that way, and this kind of thinking does not consider even a basic factor like competition from competing products for example.
In the case of Bitcoin or even a company, the price action is dependent on much more than it's "limited supply."
Gregory Mannarino, "The Robin Hood Of wall Street."
Click here: https://www.traderschoice.net/
characteristics who survived 6000 years. For me Bitcoin is worthless. Just buy Bitcoins when Greg Mannarino tells it. It's just a game. Steem or Ether is the much more better option. They have real value.i awaloys resteem and upvoted your post ... @marketreport
@marketreport...well said. Many compare Bitcoin to Gold and even claim it will replace Gold. It's true, Bitcoin is limited even more then Gold. And it's true, nobody can steal your private key. This 2 points are better then Gold. But there is a 3 point. Bitcoin can be forked (Bitcoin Cash and more). Gold can not be forked. Gold has unique characteristics who survived 6000 years. For me Bitcoin is worthless. Just buy Bitcoins when Greg Mannarino tells it. It's just a game. Steem or Ether is the much more better option. They have real value.
"I have not seen any product up to now with such a steep graph, but Bitcoin is following the steepest path I've ever seen in my career," Roach said, noting that Bitcoin is the hardest moving financial product he has seen up to now.
Bitcoin, which has gained more than 11 kattan since the beginning of the year, ran to the limit of 12 thousand dollars. The crypto currency, which has been experiencing very hard ups and downs in the recent period, continues to record series against all warnings.
The market value of Bitcoin is past the total national income of many countries and the market value of giant companies.
@slayer10..."continues to record series against all warnings"...It's an other game with the futures now. I wouldn't bet on that. Change Bitcoin to Steem or Ether. Steem and Ether almost recoverd already. But not Bitcoin.
Bitcoin might be valuable as a store of value or it should be but lately it's been too volatile
@joeycrack...Till 2-3 months ago I thought, maybe it could be a store of value if all the world is focusing on Bitcoin. So Gold would be history. But it can be forked. That's the killer. I'm 100% sure about this now. And as money Bitcoin is not usefull (slow and expensive). So there is no need for Bitcoin. Steem and Ether have real value. They almost recovered already, but not Bitcoin.
@mafsteem, Please can you throw more light on this, would love to know why.
We've come to accept bitcoin as the mother of all cryptocurrencies, and it is also used to get altcoins. So is Ethereum taking over? Steem and steem dollars doing pretty good. I have friends that have invested in steem without knowing about steemit.
@jeline...First, Bitcoin could still keep the leading position. But just because people still beleave in this. Because Bitcoin was the first. There is no other reason. That's too risky for me. Steemit everybody can see here. It works. It's the only application it is used on this scale. I'm convinced about this application but not 100% about the security of the blockchain-principle (graphene) behind. I follow this regularly to get more infos about that. Ether has also applications they are in use every day. For example ICO. And also AXA (big insurance company) is selling flight insurances over Ethereum and many others. But each one of this applications are not so big like Steemit. Steemit couldn't work with Ether because it would be much too expensive. But the security is 100% sure with Ether-Blockchain. I comprehend the principle behind. Very secure. I could go even more in detail. There are no other Coins they have applications in the real world. So I focus on Steem and Ether. Maybe one day I see that the Blockchain-principle of Steemit (graphene) is as secury as Ether. Then I would change everything to Steemit or Bitshares or EOS very fast.
@mafsteem, I get you now, so when it comes to cryptos, security is the first check right? Do you see ethereum passing the $10,000 mark next year by this time, like bitcoin did, and steem approaching $1,000?
Steem seems very promising and ether also, am looking to invest once I can
But at the moment it's seems like a bearish correction looms let's see how it goes to recover
@joeycrack...I think the bearish correction is already done.
Really? So what do you think is goin to happen next
@joeycrack...Example with Ether. Ether dropped from 857$ to 560$ the 22 of Dec. I'm quite sure this was the bottom. Then it went up to 740$ and down to 610$. Now again up to 740$. Now I would wait to drop again around 650$. It can be in this range for a couple of weeks but 1 day it will rise abouve this range. I wouldn't wait too long to buy this opportunity. Probably it will be the same with Bitcoin. As you know, Bitcoin I don't touch.
I didn't know, so why don't you touch bitcoin? Because am considering not touching anymore
Thinking the same. Everyday a new crypto coin is created - so that does not make it unique and all that seldom. Upvoted and resteemed.
Bitcoin value is it's "limited availability," 21 Million with over 2 million lost Now thats limited supply for 7 billion people
Thank You, Gregory. Hope to see you soon on your market wrap-up. Resteemed Upvote
thanks for sharing about bitcoin.
Very necessary post .follow,upvote amd @resteem post
#FAKEMARKETS
Resteem and upvote now sir:)
Resterm and upvote done @marketreport
Resterm and upvote done.
Greg, we agree with you and we did upvote and resttem for all to see
Wow! Lots of great posts by you today, Greg!
Keep it up!
Upvoted and resteemed.
That’s 100% correct!
Resteemed & upvoted
Well Stated.
Resteemed and upvoted. Thx Greg!
Upvoted and resteemed
i like your post. resteem done.......... @marketreport...........///////////
Thank you very much for that is a valuable post on Bitcoin
Great job
Resteemed & upvoted
Sir resteem & upvote done!
I agree wirh you. Bitcoin coin has become a prizeless juwel because of limitation in the currency market.
upvoted and resteemed.
Year your are right sir.Lets see what happenned next.
thanks greg, upvoted and resteemed....///////
upvoted and resteemed
I'm really surprised that people follow you and yet do what you counsel against. Why follow you then? Thanks for your insight, upvoted and resteemed.
Bitcoin, Bitcoin, Bitcoin... lol
Re-steem and upvote... :-)
Thanx for info
Whomever created bitcoin may have envisioned a few eventual usurpers, but I would be surprised if they pictured this many cryptos in this short timespan.
upvoted and resteemed sir
thanks for sharing about bitcoin.
upvoted and resteemed.
It is about making you think from a different perspective..thanks for blog
resteemed completed
resteemed and up voted done...
very informative post like it and upvoted!
%Resteem and %upvote done sir
its because of its popularity....
Dear sir i always follow you and your post always good:)
Supply is half of it I thought..demand the other half. :)
Bitcoin may be important as a store of significant worth or it ought to be yet of late it's been excessively unstable
Resteemed and upvoted
Bitcoin may be important as a store of significant worth or it ought to be however of late it's been excessively unpredictable
Upvoted and resteemed
Bitcoin, Bitcoin, Bitcoin... lol
Re-steem and upvote...thanks for sharing..
Greg, we agree with you and we did upvote and resttem for all to see..thanks
I see your website, good information. upvote and resteemed done. thanks @marketreport
You have discussed Bitcoin well. resteemed Done @marketreport
@upvot@resteem
Thank you very much for that is a valuable post on Bitcoin..upvot +resteem
A lot of valuable things you shared with us. We are very worried about the bitcoin because today the prices of bits have come down a bit, but after listening to your words, why can not we get Bitcoin prices so low that the price of Bitcoin is now going down and the price will be reduced The city I do not understand. If you used to tell me a little bit about whether Bitcoin will reduce me or not, then I am very subtle I used to be
I would not recommend putting any money into bitcoin that you are not willing to lose. My personal take is that one or many of the tech stacks in the crypto currency space will be with us for the rest of our lives and those that support there implementation will be rewarded along with those who create them. Bitcoin will rise and fall based on how useful it turns out to be. If it is not used in the west aka "first world" it may end up being the money of the third. Suffice it to say you should figure out your tolerance for volatility and your buy sell points. Don't fall in love with money or investments, they will never love you back... One other note. The limit on number of bitcoin at 21m only tells you what % to total supply you have. AKA 21 would be one millionth of the total supply... What is available at a price and time may be much less than the total and in general bitcoin it is not widely held. Finding a buyer when you want one may be a challenge.