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RE: SELL, SELL, SELL! Why you should SELL Bitcoin NOW!!!
So I sell and if it will not gobelow 1000$, I am mostly out of the game. This post is missleading. You only loose money, when you panic and sell your Bitcoins. 1 Bitcoin stays 1 Bitcoin, even during times like that. The "value" is not the hype but its scarcity. Gold for example might have explicit intrinsic value, but for 99,9% of people this intrinsic value is useless. it is its natural scarcity what makes it value. The amount is naturally limited by its nature and to it takes a lot of costs to mine it. Both facts apply to Bitcoin
Edit: Follow and upvote. looking forward to more independent posts like this
Hi @manonlescaut, why is bitcoin any superior to the 700 other crypto's out there? many of them claim to have better features/scalability/security compared to bitcoin? Bitcoin is leading the pack because it was first and the best known (gets more media attention etc) but other than that what differentiates it from the rest?
I'd be interested in your comments on this: https://edwineconomics.com/2017/07/15/the-inconvenient-truth-about-bitcoin/
Some flaws I've identified in Bitcoin that no one is talking about...
Its maturity. Bitcoin has been "dead" many times already and arose from each death stronger. Lessons learned! Other cryptos didn't have the opportunity yet to learn some lessons from real life.