Thursday, December 21, 2017 1:06:28 PM
We know how many Bitcoins are left in the ground.
YES, Bitcoin has fully appreciated and will now mature at lower prices because the other digital currencies will compete and act like to ceiling to further Bitcoin appreciation.
Finally, I am basing myself on physics of capacitord where you charge, discharge and there is a residual charge.
Bitcoin should hover around $7,500 support for it's function as a store of value.
The price should slowly deprecate over time asymptotically towards $6,000
Given that fiat currencies are not forever, we will need another metric in the future to compare Bitcoin's value. I believe it's a mistake to compare it to dollars.
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