Fri Jun 09, 2017 6:49 am
Another great video.
I have one (rare) constructive comment about the analysis, and that's only the comment that interest in alt currencies is driving up the price of bitcoin.
Ben states that a lot of alt currencies are only accessible via bitcoin - this is true!
What's not true (i believe) is that it's driving up the price of bitcoin. Bitcoin price is driven by supply and demand. So if I buy bitcoin, own it for a week or days, and then sell it for some other currency, I'm not sustaining growth in the bitcoin price. My actions have a neutral affect on the price.
Bitcoin as a reserve currency - spot fucking on! A reserve from fiat and alt cryptos.
And of course there's a lot of mainstream folks deciding now to speculate on bitcoin...and that comes from Wall St. folks, who have deep pockets.
Exciting times, all the way!.............................................to the moon.