btc should have no problem going to 1 million

trend2009 said:
Parce qu'il n'a pas besoin de fiat pour acheter. Tether agit comme fed, il peut imprimer autant de tether qu'il le souhaite et l'utiliser pour acheter du btc. Il n'a pas besoin du dollar américain comme sauvegarde. Il imprime l'attache pour acheter de la crypto et utilise la crypto comme sauvegarde. Quel schéma de type ponzi géant.
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Bitcoin has 1 million it is no longer a myth because bitcoin has exceeded 400 million Guinean francs
 
@SPX_Options_Trader Risk is involved in every investment, Isn’t it? If you are not investing smartly then you’ll definitely lose money but that doesn’t make Bitcoin less secure.
 
No way the government won't step in the way of it being anything more than it is imo. The crypto market itself is diluted.

I see them fighting over a standard currency. Too many emotional children involved.
 
jocrape said:
@SPX_Options_Trader Risk is involved in every investment, Isn’t it? If you are not investing smartly then you’ll definitely lose money but that doesn’t make Bitcoin less secure.
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That would imply that all investments are comparable risk. There are going to be some "investments" that either:
1) Have such large unquantifiable risks they make no sense
2) Are virtually certain to lose money

Some "investments" are unsafe at any speed.

In addition, secure in terms of Bitcoin means something besides just the risk of the price declining.
 
engineering said:
That would imply that all investments are comparable risk. There are going to be some "investments" that either:
1) Have such large unquantifiable risks they make no sense
2) Are virtually certain to lose money

Some "investments" are unsafe at any speed.

In addition, secure in terms of Bitcoin means something besides just the risk of the price declining.
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Either way, there’s always a probability of losing money in investments. Would you mind sharing your views on what secure means to you in terms of bitcoin? I’ve seen many people referring to it as a ponzi-like scheme.

 
You are being optimistic, not realistic. BTC has not been able to recover from last week’s crash and yesterday the cryptocurrency took the entire market down by 15-20% which is a very big deal. I see btc closing this year close to $60k, anything more than that is just a miracle. Still kudos to your optimism. I need something like it in my life as well.
 
engineering said:
Why not 1 billion? Why not 1 trillion?
Keep in mind, at one point the market cap of the Mississippi Company was equivalent of 6.8 trillion dollars (2019 equivalent figure so that would be higher today).

More seriously... although the supply of bitcoins is limited, the supply of alternative cryptocurrencies is not.

IMO the feature set for Bitcoin sucks:
1) There's no meaningful theft protection. If someone gets your keys they have your money. End of story. Unrealistic types might say "I just won't goof up an hand out my keys." Good luck.
2) There's no meaningful extortion protection. Even if you somehow get a computer with no security flaws ever, protecting those keys is a lot easier said than done when someone is mailing your loved one back to you piece by piece. Or when someone's beating you with a $5 wrench until you hand over your crypto wallet. https://xkcd.com/538/
I can imagine a scenario where this gets so bad, that the major world powers decide to ban all bitcoin exchanges on the charge that they are acting as bagmen for extortionists.
(If they're forced to make the choice between having productive sections of their economy being constantly blackmailed with cyber attacks or wiping out a number of crypto speculators, I can imagine they the might just say "screw the speculators.")
People like to claim that they could never shut down bit coin, and literally that's true. Practically however, the value of bitcoin is tied to a network effect and if you eliminate 99% of endpoints where bitcoin can be exchanged for currency and 90% of user base, the corresponding loss of utility would crash the value to make it virtually worthless.
3) There's almost no privacy. They whole system relies on publicly declaring transactions. It's a gold mine for anyone who wants to do data analysis on you financial transactions.
4) There's no meaningful fraud protection. If someone sells you a faulty product, you can't stop payment.

I think crypto will be around for a long time, but bitcoin is going to go the way of the Apple II and the Commodore 64.
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%%
Good points;
+ i dont really understand the limited market for US confederate money also /last i looked @ conferderate $10 bill was $elling for $199, same as 2 ounces of silver hammered into a confederate bill art@ that a dealer.......................................................IF they start selling insurance like FDIC or State Farm[Horn of Plenty] sells for silver/could be a game changer for the bulls.
 
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