Financial Institutions Rush into Bitcoin
In the last 2 weeks we have seen: Paypal 346 million users JP Morgan biggest bank USA DBS biggest bank South East Asia TDB bank biggest in Mongolia Central bank of Iran Gazprom Bank 3rd biggest in Russia ALL announce opening up to #bitcoin services This is going to be the beginning of the hottest Bitcoin rush! Ā #crypto plays! #bullish
Good thing blind has been talking about btc for years and everyone bought years ago!
I don't understand the concept behind bitcoin clearly, bitcoin wants to be alternative currency to fiat but is being used like a company stock. It seems like every one want to buy bitcoin to get rich, no one is buying bitcoin to buy goods with it or to use it for what it was designed for. It just looks like a get rich quick scheme. People just buy and hold it in anticipation of the price to increase. Is that how a currency should be used?
BTC = digital gold. Why? Hard cap on supply and global P2P networks supporting this. There will be a bubble which forms in the near term (1-2 years). However, the nature of investors are much different and resembles wealth holders over speculative traders. Headwinds include digitization of central bank currencies and uncertainty in liquidity caused by regulation... However, I believe smart money will hold BTC due to fundamental issues of central bank currencies tending towards increasing supply due to macro economic pressure.
Exactly and that's why you "should" buy bitcoin only if you understand that it's a speculation market like gold. Personally, I don't care about the utility value it's just like a stock, most people treat it that way. Is it bubble-like? Yes, which is good - since more often than not you can predict its upswings and downswings.
Everyone should have (at least) a small amount of Bitcoin in their portfolio...even the non-believers. Instead of throwing money away in bars or subscription services that you don't need, invest a little in BTC.
I bought
Good one! Bullish movement