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RE: Bitcoin , Steem and other top Cryptocurrencies : scams or strategic opportunity to freedom and wealth creation ?
The thing is, is it expensive? Short term of course it is, and I wouldnt be surprised to see bitcoin below 2000$ but long term? 6000$ seems pretty cheap to me, I see bitcoin at 50k$+ in 5 years
@whitewolfie, I think it is expensive. I have read other posts in Steemit (@exxodus, for instance), that state Bitcoin is overpriced. I, myself, think it is a bubble and I would not buy it, unless I was forced to, because I needed it to pair for an altcoin. I think a coin needs uptake, application, utility and acceptance. There are now more Bitcoins - will the real BTC please stand up? It is damaging its own brand with all the forks - buyer beware. I also wouldn't support it considering BTC mining uses enough power to fuel a small country.
The psychology might take it there, but not the product.