Well the cost might be high, but they will just buy 0.x's and hope it will continue to rise.
This could mean on a 100$ investment that it goest to 115 in some weeks.
At the time of writing BTC is 2,7K
31 May at 2:00 AM IT was 2,1K
2 weeks and growth of 28.57%.
Why wouldn't they accept the costs?
Depp (06-13-2017)
No I completely disagree with that. Bitcoin is the "biggest" regardless of trade volume. There is countless websites that sell BTC easily and what has the price got to do with it? If you buy 0.1 and BTC goes from 1k to 2k you make x2 what you paid for 0.1. Money doesn't work the way you seem to think it does.
jjoony (06-13-2017)
Alright I take back my statement of BTC being hard to get into at such high prices. What I was trying to get across is that people can probably expect higher profits from other cryptos like ETH due to the hype behind it and the meteoric growth that it has had (about 200% increase in past few weeks). Basically, with a lower price, you can buy more units and get more gains if each unit goes up by a lot.
BTC sports the highest market cap. Trading volume is usually slightly higher if not equal to ETH, with some days where ETH beating BTC in trading volume by a decent amount. At the time of this post, BTC trading volume 24h was 20 million higher than ETH.
Rep. Power: 126
Minion: 11/28/12-3/15/14
jjoony (06-13-2017)
Ether will ultimately come out on top of bitcoin, litecoin, and all other currencies
Because Ether is money, the rest aren't
and history has shown all currencies that aren't money eventually go to 0
(money isn't the same as currency. ex:gold is a currency and money, but the USD is just currency)
I can agree with that. But you need to keep the riskfactor in mind. We don't know how the prices may vary, we can only speculate as the market is constantly evolving. Especially with BTC. But even more with the smaller crypto currency.
If we would know how much crypto would rise, we would be rich in 1hr.
I had just over 1 bitcoin on an old wallet I forgot about which was in there from about a year ago, safe to say I got a nice bonus in the increase
posting to check @mick is online
Gotta love the drop. Wonder why
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