Factors affecting the price of Bitcoin

Bitcoin Forums investment Community Forums Economics Factors affecting the price of Bitcoin

This topic contains 0 replies, has 1 voice, and was last updated by  usmanminhas 2 months, 4 weeks ago.

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    usmanminhas
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    Since Bitcoin’s network has been virtually unusable in any sort of exchanges it’s mainly just speculation at this point. I highly doubt BTC will remain above 10k for the long term, as it has literally zero use and the mainstream will eventually understand that. Most investors are similar to wall street investors in the 1929’s, it was a tool for them to make money and all they understood was that it had some complicated inner workings that they had no desire to understand.

    Also, the blockchain is not here to stay. I think maybe 10-15 of these coins will stick around and serve a real life purpose in the future. Blockchain technology is something that is very overhyped, and many companies are just using these ICOs as a scammy form of an IPO while their ‘coins’ have zero use. 0 x
    “Many individuals are doing what they can. But real success can only come if there is a change in our societies and in our economics and in our politics.”
    David Attenborough

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