It will go really high, drop massively and a bunch of people will sell it on either side. It sounds cool but in the end it's only worth what people will pay for it.What does this say about bitcoin, altcoins and cryptocurrencies in general? Does this have anything to do with the ongoing inflation problem in the U.S. and other countries around the world? Is bitcoin in a bubble again?
My belief is we are at the very beginning of a new eonomic paradigm which will include digital currencies like bitcoin. I expect many of the traditional paper currencies to fail during this shift since they don't qualify as money (no store of value). As the public realize there are important qualities in currency that make them valuable, the change will start to pick up speed. I think in the next 5 years it will be clear to most that this change is underway.
Thoughts?
Unfortunately for some they are looking in the wrong direction. It's the dollar and the current currency system that is in big trouble. Bitcoin is one way to protect yourself from what is happening. It is part of the solution to a huge problem in the world today.It will go really high, drop massively and a bunch of people will sell it on either side. It sounds cool but in the end it's only worth what people will pay for it.
Unfortunately for some they are looking in the wrong direction. It's the dollar and the current currency system that is in big trouble. Bitcoin is one way to protect yourself from what is happening. It part of the solution to a huge problem in the world today.
50% in a month? People never learn
I really need to buy some after the next crash. I thought that surely it was over after that last big one
Crypto is not for you. Stay away.It is worth zero, and 90% of it is in the hands of institutional investors. When their data mining tells them the majority of new holders have your attitude, they'll pull the rug out and leave you holding the bag.
Crypto is not for you. Stay away.
No, bitcoin is decentralized. Nobody can fuck with it.lol ikr, it is for authoritarians who want a better way of tracking every purchase you make.
Did I just see your name in an Archetype video?Unfortunately for some they are looking in the wrong direction. It's the dollar and the current currency system that is in big trouble. Bitcoin is one way to protect yourself from what is happening. It is part of the solution to a huge problem in the world today.
Purchasing power of individual dollar has gone down, sure, but wages have gone up exponentially.
You might have been able to buy more with a single dollar in 1900, but you only made $450 a year.
Adjusted for inflation, your annual wage would be $14,000. The median wage today is over $65,000. So while it's true the dollar may be worth 97% less compared to 1900, you're also making over 400% more per year.
That pesky TAX portion you forgot about. Stay in school kids.
Concession accepted.I mean, all transactions are taxed, including bitcoin now, which kind of was the whole point at first.
Concession accepted.
Correct mang.I mean, all transactions are taxed, including bitcoin now, which kind of was the whole point at first.
All of the coins in my alt fund can be found on Coinbase.
I'll update my list this weekend.
People still make a lot more, though. Despite taxes.That pesky TAX portion you forgot about. Stay in school kids.