I’m often asked, “How do you think the price of Bitcoin will move in the long term?” You see, the people who ask this question don’t understand how the market works.
When you look at the long-term horizon for the market, you’re looking at what is actually happening on a daily basis. That’s not an election cycle where one party wins and the other party lose. It’s not a group of political parties who fight and beg for votes.
It’s not even a group of political parties who fight for votes or beg for votes. There is only one group of people who have an interest in Bitcoin – and that is the people who create the software that makes the whole thing work.
This means that there are two types of people who are interested in the market over the long term horizon – the ones who write the code to make it work and the people who buy and sell bitcoins to other people. And the reason these two groups have interests in the market at all is because they both want to make money from it.
The two groups that are interested in making money are actually making money off the market in some way in the long term horizon. Now this doesn’t mean that they’re doing so at the expense of other people. Instead, they’re actually selling out the system so that they can make money in some way.
So, why are these two groups interested in the market over the long term horizon? For the simple reason that they get paid to make money. You see, the Bitcoin network – while incredible – is completely open source.
This means that anyone with the ability to write code can make money by doing this – which is the reason why large businesses use it. And, with thousands of people around the world using it every day, it’s absolutely feasible for anyone to do this and make a living.
So, if you want to know how the price of Bitcoin will move in the long term horizon, all you have to do is follow the money that is flowing into it. Those people who sell out the system and make money in some way – whether it’s directly or indirectly – are the ones you should be watching for. And you’ll also watch for those who buy bitcoins so that they can go and sell them later on.
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