Bitcoin valuation and purpose
Published: Saturday, December 15, 2018 written by Drew Jackson
I was answering a survey on / . about bitcoin and it made me think of all the things we have to look forward to in 2019 and beyond.. if 40% of the folks believe Bitcoin is under $1000, why is Wells Fargo stock price where it is today? Is bitcoin to be a true currency or a finance commodity like pork, corn, soybeans, coffee, and precious minerals. Odd way to look at the future.
think about the auto industry back in the early 1900s; the accordion effect; a birth, expansion, collapse and settle to the big 3.. think about the US dollar in the 1700s, 1800s... in the form a measure of value -- ergo what is a cubit (not Bill Cosby's humorous version of Noah funny... https://www.youtube.com/watch?v=bputeFGXEjA
back to bitcoin, i believe we need something for the 23rd century instead of monopoly money...
Where will the price of Bitcoin be at the end of the first half of 2019?
You've voted. Survey results are:
Below $1,000 5572 votes / 40%
Between $1,000 - 4,000 5061 votes / 36%
Between $4,000 - 7,000 1494 votes 10%
Between $7,000 - 10,000 607 votes / 4%
Between $10,000 - 15,000260 votes / 1%
Between $15,000 - $20,000 123 votes / 0%
Above $20,000 805 votes / 5%
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