"As of 2020, there were 46.8 million millionaires in the world according to Wikipedia. If Bitcoin cash becomes the most used cryptocurrency or if it becomes a significant part of business and commerce, most of these millionaires are going to want a piece of the pie. With the supply of Bitcoin cash capped at 21 million, imagine the price appreciation Bitcoin cash can achieve if 40+ million millionaires want a piece of this very small pie." https://read.cash/@cryptomusings/how-i-avoid-panic-selling-bitcoin-cash-in-tough-times-068e8996
Log in to join in Reading is open to everyone. Replying needs an account.
3 comments
If markets were logical and followed mathematics you'd be correct. But how can we have faith in a market where the doggy poop coin is valued at over 25¢ ?
The market can stay irrational for a longer time but everything will find it's fair price eventually. Patience is the key.
Amen! But people are always trying to make a quick profit, which gets them in trouble. Markets are unforgiving!