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RE: Why bitcoin is now fully charged for its next explosive move up

in #bitcoins7 years ago

Wow... a lot of information. All the Bitcoin owner must read it. So, first of all I resteemed this post.

If we change our point of view, starting from finney to arrive to Bitcoin, it's easy to think that we will see finney at $10 and then bitcoin exactly at $100,000
For a number of reasons (you have listed too in this post), Bitcoin enjoys a dominant position supporting growth. I agree with you, this is the right moment to buy.

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A “finney” is one ten-thousandth of a bitcoin. So if bitcoin is priced at $13’000 then a finney is worth $1.30. A finney could quickly and easily rise to $10, which would correspond to a bitcoin price of $100k.

Of couse bitcoin will take a hit each time a country bans it, but as happened with China, it will come back.

Right now, Bitcoin was banned in this countries (or from central bank of this countries):

NIGERIA
COLOMBIA
TAIWAN
ECUADOR
BANGLADESH
KYRGYZSTAN
BOLIVIA
VIETNAM
RUSSIA
CHINA
THAILAND

source

Some of them pulled back their decision. But i don't see problems for Bitcoin which still grows.

That’s a very good list of the repressive countries where I don’t want to live. While I’m at it, I’ll cross them off my list of holiday destinations. I might have trouble converting bitcoin to pay for their five star hotels which are no doubt owned by the corrupt politicians who banned bitcoin in the first place.

Exactly my friend. All the listed countries there are dictatorships masquerading as democracies.