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. :)
