The low estimate for BCH for the year was 700. The High Estimate 2700. I think It's safe to say if there is no interest after the Launch of Local BCH and the May Upgrade, BCH will be lucky to make 700.
BCH works the same at $1, $300, $700, $2700, etc.
Use it your fucking idiots.
True but the volatility will keep many away. BCH needs to go very high with a lot of transactions to stabilize the price or it won't work. I think you are the idiot.
You have fundamental misunderstandings. Let me educate you...
The price is the outcome of supply and demand at any given moment.
To have stability, you need better coin distribution (adoption) and utility driven demand.
Thinking that Bitcoin needs to reach high valuation first to stabilize is plainly retarded.
But hey, you're a speculator because you can't know any better so it's forgiven
I think you are retarded.
That's my line. At least try to be original.
The price is 300 and someone buys 1 million worth, what's going to happen to the price? If the price is 1 million a coin and someone buys a million what will happen to the price? Moron
That's why my points are important. No matter how high the price is if coin distribution is sub-optimal and there's no utility driven demand.
Also at a 5 Billion market cap, there are Billionaires that technically can buy every coin if sold at this price. LOL. That's not money.
You fail to comprehend that it's a process instead of something with definitive states. Stability, is undeniably the function of adoption and utility, not the price/marketcap itself.
Not true. Adoption would naturally raise the market cap.And it has to be much, much higher for stability. You fail to comprehend anything. other than the sh*t coming out of your mouth
A quote from you: "BCH needs to go very high with a lot of transactions to stabilize"
my point: it needs adoption and utility to stabilize.
Dunning-kruger would like to speak with U
My statement = Adoption. Your statement that it works at 100..00 is ridiculous, especially if you have just lost 50%=90%. You think people will spend if they are down 50%? LOL
Personally I've been using crypto regardless of the exchange rate or my PnL since it started to have utility.
btw have you heard about the thing called "zero sum game"? :)
Everything is money that 2 or more people agree to be money.
Technically, as soon as someone would start to buy in the price would skyrocket and crash later due to lack of demand.
Well you can call it money, but if one has to pass up 1000 places to finally find a place that will accept the money, it's hardly an effective form.
Not all money are equal obviously, that's where the network effect comes into play. :)
It is important because it's the % that it moves. Nobody will accept BCH being money when it moves 40% in a day.
It's like pissing against the wind really... Now go and eyeball your charts again and wait for the YUGE price induced stability.
Yeah wind blowing in your direction. LMAO
And adoption will crash if there is no stability.Anybody with even half a brain knows the price has to be high with a lot of transactions A one million sale right now and down it goes
I don't think that you're able to comprehend anything that I write lol. What a fucking retard omg.
Because you are writing like a moron.
