up vote 0 down vote favorite
1

I'm curious on why would bitcoin rise in the near future since its not affordable anymore. It's actually but for wealthy people only. How could it even reach mass adoption because of its extreme price?

It seems reasonable that people will switch to alt-coins because of their lower prices hence that would cause bitcoin to loose its value over time since people will start to sell it..

How can people/experts make claims that we could see bitcoin over 100k etc. It's total nonsense or am I missing something?

share|improve this question
  • When Bitcoin price was less than 1$ and reached 20,000$ Does this fact make any sense? – Adam Apr 20 at 17:05
  • Why would anyone want a ten dollar bill if it costs a thousand pennies? Isn't a thousand a really big number? – WillO Apr 21 at 0:30
up vote 2 down vote accepted

What you are probably missing is the fact that you can buy partial bitcoins, you don't have to purchase a whole bitcoin at once. You could buy a small bit of bitcoin for $20 if you wanted, it can be an affordable investment for anyone.

share|improve this answer
  • Yeah, I definitely missed but again, you know people mindset who wants a quarter, half? We all want at least a whole number.... – eugene_sunic Apr 20 at 12:40
  • 1
    @eugene_sunic: Evidently, lots of people don't feel that way. You can look at any Bitcoin exchange and see lots of trades for much less than 1 BTC. So I think your assumptions are simply mistaken. – Nate Eldredge Apr 20 at 14:12
  • Well they obviously are. Will look at the exchange more carefully to examine the situation... Tnx guys for the reply – eugene_sunic Apr 20 at 14:35
  • 1
    @eugene_sunic please remember to accept my answer if it satisfied your question :) – MeshCollider♦ Apr 20 at 16:12

Your Answer

 

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.

Not the answer you're looking for? Browse other questions tagged or ask your own question.