I agree. The supply of BTC will only be lower until it stops, therefore only real reason why BTC would drop is emerging of another token that would substitute it. But that can really happen on with a token that is not being supplied anymore and that will take time. I think that no token can accomplish that by flooding the market with millions of coins right from the bet. I think it is a good long-term investment.
I was solely questioning the support line:P
@fingersik - No problem with asking questions.
Always glad to discuss any points of view as that is how you learn.
It's very difficult to read the Markets currently as I believe a lot of the "Noise" is because of the Aug 1st date coming up.
Exchanges (Bitcoin) could possibly be frozen for 1 week before and after this date.
I do think if you have any Bitcoin get it into offline storage as its best to make your own decisions on which way to go rather have someone do it for you.
I didn’t expect anything else from you:P
So what’s with the Aug 1st? Its significance eludes me. I mean you said that exchanges might be frozen around that date, but why is that so?
Offline storage is e.g. Openledger, correct?
There have been scaling issues with Bitcoin for a long time. So various groups have their own ideas on how they want Bitcoin to go in future. If they cannot agree there will be a Fork. If you leave your Bitcoin on an Exchange that could possibly leave you at a loss , should they decide to uptake the wrong path of the split. You are then letting them decide what to invest your Bitcoin in.
Here a simple (ish) !! Explanation.
http://www.coindesk.com/short-guide-bitcoin-forks-explained/
All I would advise is if you have Bitcoin get it into offline storage. I will be making a guide shortly on how to do this.
Oh I know what HF is:P Just didnt know BTC is nearing one! Good to know. See you in your tutorial then!:)