practically why on this earth for may daily life expenses I take currency risk? when you say "There is some risk now." LOL man look at the swing! even if I am an international traveler spending diff currency each week why would I go to this "unregulated" currency with such a wide volatility? unless I am just a speculator ! Bought at $16000 and now $5000 or whatever where the Fxxxx is "benefiting us ultimately" not to add the other risks,,,, when I have my $ in a bank in many countries that deposit is insured this Crypto is not...Lot of Bulldust .. it looks like you are just blinded by your faith...
Bitcoin is dead...
- Thread starter Altavest_Erik
- Start date
Are you really going to overlook that btc has an upside bias? The swings are more likely to go UPWARDS. Just don't buy during a mania period.
And yeah, you rather use fiat which value will deteroriate and eventually go to zero?
Fiat currency deteriorates by design - the whole idea is that monetary policy is easier to do if you can attenuate both the money supply and the debt markets. Otherwise, we'd still be on the gold standard.
Personally, I think "digital assets" have a role in the financial universe but certainly a much smaller than it's being evangelized. As I said, people who think that the modern system is "inefficient" should read a little about the plumbing of the central banks and such.
Man ...try and answer the specific questions ! with some logic not this "The swings are more likely to go UPWARDS" gobbledygook
Yes, I answered with logic. Bitcoin has an upside bias and its purchasing power increases with time while fiat is the opposite. What exactly can't you understand?
You don't have to put 16k into bitcoin to buy a cup of coffee. You just buy enough btc to pay for your coffee.
As for regulations, it will come with time. Do you think if crypto markets is worth trillions in the future, there wont be any regulations? It will be too big for governments to simply ignore then.
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You cannot have upside without downside as nothing moves in a straight line. So if you are very risk averse just use cash to pay.
As to why other people would pay using bitcoin. Well, I would, its another form of payment.
Also, If bitcoin does becomes adopted and its market cap is in the trillions then it won't be as volatile as it is now. It will be pretty stagnant like how gold prices are right now.
Holy Grail I agree as a speculator this volatile product might be good ( and If I have to trade it I will rather trade the Exchange Traded futures on Bitcoin instead of risking money with unregulated exchanges ) but it seems you are confusing the needs of a trader / speculator and an average spender in local economy! any way lets agree to disagree
I'm calling a top.
Purely intuition.
People are going to get sick of hodling... once the selling starts, its gonna snowball. Then comes the media barrage to make it worse.
There's no new money coming in. The big holders aren't going to add and the retail schmucks that will drive it up on low volume are tapped out and new ones are few and far between.
$4K is a gift. Its going down.
Purely intuition.
People are going to get sick of hodling... once the selling starts, its gonna snowball. Then comes the media barrage to make it worse.
There's no new money coming in. The big holders aren't going to add and the retail schmucks that will drive it up on low volume are tapped out and new ones are few and far between.
$4K is a gift. Its going down.
Well then good for me, I will buy it up. These guys are impatient to wait a little more and deserves to lose. Btc will touch 100k by 2021 if not I will suck it up.