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<p>[QUOTE="Prime Mover, post: 2911999, member: 38783"]So, in general, not a bad statement and somewhat true.</p><p><br /></p><p>The difference is that there's profit taking going on all the time - I don't believe there will be "the big one" or rather a single large profit taking by everyone at once which drives the cost down to nothing. </p><p><br /></p><p>The crypto market right now is very similar to the stock market - in function, not in fundamentals. Every day there's money moving into and out of bitcoin, some to other cryptos because the trade ratio is profitable, and some to people cashing out some.</p><p><br /></p><p><br /></p><p>This here is the $64k question. Thing is, this is uncharted territory and there's really nothing that says there is, or should be, a ceiling and the thought is that it could be unlimited.</p><p><br /></p><p>The main crux to bitcoin (which is not shared by most of the others) is that there is a specific restricted supply of them of 21 million, which each can be split into 1 million fractions. That might seem like a lot, but really it isn't when you consider how many people there are who might want to own a few fractions. That's where the pricing aspect is. Where it'll stop, who knows.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2911999, member: 38783"]So, in general, not a bad statement and somewhat true. The difference is that there's profit taking going on all the time - I don't believe there will be "the big one" or rather a single large profit taking by everyone at once which drives the cost down to nothing. The crypto market right now is very similar to the stock market - in function, not in fundamentals. Every day there's money moving into and out of bitcoin, some to other cryptos because the trade ratio is profitable, and some to people cashing out some. This here is the $64k question. Thing is, this is uncharted territory and there's really nothing that says there is, or should be, a ceiling and the thought is that it could be unlimited. The main crux to bitcoin (which is not shared by most of the others) is that there is a specific restricted supply of them of 21 million, which each can be split into 1 million fractions. That might seem like a lot, but really it isn't when you consider how many people there are who might want to own a few fractions. That's where the pricing aspect is. Where it'll stop, who knows.[/QUOTE]
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