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RE: Bitcoin Price Speculation and The Reason Behind Crypto Currency
I invest in crypto because I believe in the concept. I believe there is a market of people who want to control their money and when it becomes easily accessible and commonly known it will grow and keep people buying. I don't care what the price will be in 2-3 months. I want to know what it will be in 5-10 years.
5-10 years is a lot harder to predict. But you are right, the concept does keep people buying. I consistently buy it to hoard.
5-10 years is harder to predict. But if you believe the idea is where things are moving, you don't need to worry about the next couple of months. You don't need to worry about how much time it takes if you believe steemit will be the social media center for the world or that bitcoin will be the next huge banking system.