$Bitcoin (BTC.CC)$ u can hate bitcoin as much as u like, but...
$Bitcoin (BTC.CC)$u can hate bitcoin as much as u like, but it is unlikely to fall in the short term cuz its too big to lose. Now Bitcoin is still dominating crypto world. My humble opinion is it will soon be dump by big holders as it does not provide the utility that institutions needs.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Winner…Winner
OPKiexcolo
:
The so called utility is the use of the token, let’s say for example why would a bank needs to use crypto as a way of transaction, in a simple manner it could reduce the cost the time for each of the transactions, as bitcoin yes with all that hype people are storing it for so called digital gold. But we could easily find some token that has a better use than this shit.
Winner…Winner
OPMiko-san
:
I do think that it will eventually get through 100k cuz that 100k is just a propaganda maybe it will go higher than that. Just my assumption basically, but based on Peter schiff he says it would never go above that. Not an financial advise ya
Kiexcolo
Winner…Winner
OP
:
From the start Bitcoin was designed as a virtual currency. Subsequent crypto tokens like ethereum and xrp may have been designed for blockchain purposes but you are sorely underestimating institutions if you think they are buying Bitcoin for "utility".
Winner…Winner
OP
:
Im not underestimating it. Just that there are better crypto projects that could replaced . But I do think that utility is a key factor. As there are some crypto currencies that are backed by gold or silver which provide it a better value. I just don’t see the value in Bitcoin. That’s my opinion, could be wrong
Kiexcolo : What is this "utility" that institutions needs are you talking about.
Winner…Winner OP Kiexcolo : The so called utility is the use of the token, let’s say for example why would a bank needs to use crypto as a way of transaction, in a simple manner it could reduce the cost the time for each of the transactions, as bitcoin yes with all that hype people are storing it for so called digital gold. But we could easily find some token that has a better use than this shit.
Winner…Winner OP Trwils1230 : U may hate it, is ok. I love second opinions u may share ur thoughts too. Nothing wrong with that
Miko-san : it'll probably get dumped at 100k. I'm gonna sell everything then
Winner…Winner OP Miko-san : I do think that it will eventually get through 100k cuz that 100k is just a propaganda maybe it will go higher than that. Just my assumption basically, but based on Peter schiff he says it would never go above that. Not an financial advise ya
Kiexcolo Winner…Winner OP : From the start Bitcoin was designed as a virtual currency. Subsequent crypto tokens like ethereum and xrp may have been designed for blockchain purposes but you are sorely underestimating institutions if you think they are buying Bitcoin for "utility".
Winner…Winner OP : Im not underestimating it. Just that there are better crypto projects that could replaced . But I do think that utility is a key factor. As there are some crypto currencies that are backed by gold or silver which provide it a better value. I just don’t see the value in Bitcoin. That’s my opinion, could be wrong