Bitcoin is in a huge BUBBLE, but this does not change the fact that bitcoin has an intrinsic value of zero. It is possible to trade, and become very wealthy in a bubble
If I could predict Bitcoin's huge price swings, I would absolutely be trading and taking advantage of this. BUT, be careful, know when to get out because those that are still in Bitcoin will be FINANCIALLY WIPED OUT when the bubble pops. No one wants to hear that they are investing in a bubble, the very definition of a bubble is that the vast majority of people are ABSOLUTELY WRONG in their investment. Here are a few reasons why you need to be especially careful in Bitcoin:
1. The Blockchain is the future of money, YES
But Bitcoin is NOT the blockchain, an infinite number of crypto currencies can be created to use the blockchain. Back in 1990, the internet was the future, but that does not mean the first internet browser ( Netscape 1.0 ) to use the internet went to 1,000,000 USD, in reality, competition came along and it went to zero... Just because Bitcoin was the first cryptocurrency means NOTHING. Anyone want the first cellphone ? Anyone want to use the first hard disk operating system from the 70's ??
2. Bitcoin is just Digits on a screen, it is not on the elemental chart. The only value Bitcoin has is what some greater fool will pay for it. Once the bubble bursts, and there are no buyers, bitcoin's value becomes zero.
3. The future of cryptocurrency is most likely to be one backed by gold, or some other real asset. A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.
4. It makes no difference how much effort and energy is required to create a bitcoin. There are a lot of bad investments throughout history where a lot of labor and energy have resulted in bankruptcy and the creation of NOTHING. The world does not value labor, or wasted computation power, it values CREATION OF WEALTH. Bitcoin itself is no more wealth than printing a bunch of worthless dollars.
5. LibraCoin will be MAJOR competition for Bitcoin. Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could. Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative. LibraCoin is just the first of many challengers that will appear in the coming years.
6. Bitcoin is NOT a store of value, it a speculative investment. No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes. GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD. There is no such thing as a free lunch, the greater the reward, the greater the risk. If Bitcoin can Skyrocket, it can go to zero just as quickly.
Never invest without considering all the possibilities. Throughout History, those that are the most blindly convinced of a get rich quick scheme are the ones that are most likely to get wiped out.
mic drop ** you cannot escape the truth its impossible by any means
the best coders and marketers dont work on facebook and not other companies for shitty salary for 250k per year they created to create...
he call him self HARD FACTS hhhhhhhhhh
first bitcoin come from peer to peer file sharing which mean decentralized tech and compare to centralized tech, and we all remember how much entities like governmnets and other tried to stop peer to peer file sharing yet more then 1B comupters share info each other by peer to peer technology which called decentralized tech where there are no main servers/entities that hold all the info and control everything like facebbok/governmnets and other...before peer to peer file sharing tech there was centralized tech which mean few main servers hold everything and all the computers around the world download from them everything without be depend om each other yet the governments and other pretty fast shut down this main servers then people became more smarter and bring decentralized tech which mean our private computers are now the servers and seed to each other and now the govermnets need to shut down more then 500 miilion private computers which its impossible which all this lead us to peer to peer money like bitcoin which cannot be shut down by any body and will eat the entire system because the nature of decentralized tech always win otherwise history will tell something else no....we all saw how decentralized peer to peer win always....which mean top smart minds know no body cant stop bitcoin its like peer to peer file sharing and it will eat the entire system its cannot go the other way we even don need to predict the future its goung to happen there are just more friction to scale peer to peer money relative to peer to peer file sharing until business adopt it and people get used to it....BUT
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1
peer to peer will always win otherwise history will tell something else
it will eat the entire system
when you say: Just because Bitcoin was the first cryptocurrency means NOTHING.
my answer: mark will only dream to be part of the team satoshi and underground teams behind wiki leaks and other which created market which almost half trillion in a matter of 11 years, he dont have the balls to play with the big boys...bitcoin its huge underground operation which done by global team some othem behind wiki leaks and i can prove it as edward snowden was said before bitcoin come and few other which i will not name them that peer to peer file sharing will do financial freedom!
2. when you say: The future of cryptocurrency is most likely to be one backed by gold, or some other real asset. A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.
my answer: ask expert economist and he will tell you you are wrong and the real value come when it backed by it self and not depend on nothing,,,read about this and ton expert economist talk about this ...like WHY GOLD HAVE VALUE?
WHY??? DID YOU ASK IT? BECAUSE IT YELLOW AND LAST FOREVER HHHHHH in other words lets say from one second you are alien and come to this plant and for you there other thing that have value rather then gold/diamond its so fucking deep concept only expert economist know this....gold have value because x amount of people agree on this very simple,
its so fucking deep only smart mind can understand this conecpt as from the eyes of alien which come to this planet will say why i need to pay for yellow stone what vvalue it has?
ask expert economist about this example...
3. when you say : LibraCoin will be MAJOR competition for Bitcoin. Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could. Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative. LibraCoin is just the first of many challengers that will appear in the coming years.
libra is not competition to bitcoin its stable coin which dont grow in value and dumb people fall this trap until they wake up and move to something else which mean when you buy stable coin you really exchange money nothing more...its not investment....even more with need real crypto which the price per coin grow because the prices of supermarkets,houses,clothes,cars naturally go up and the value of paper money slowly go down because the infinity of paper money which print by governments and HELL do you know how much paper money faked on on one by criminals only inside the usa...its around 25 million dollar per day...this is facts....ask expert economist about this and he will say the value of paper money only will go down from this reason.
another fact stable coin with the time lose value you can check graphs and see over the history there is huge curve.
libra its not real stable crypto coin its control by facebook and you account can be locked and other shit ,,in peer to peer tech you are the bank and no body can lock or touch your money...
real stable crypto coin work on smart code which this code is reduce or produce more coins relative to sell and buy of the coin and by this keep the price stable which mean if people sell this coin a lot then the code burn coins and if to much people buy and produce more coin and by this the code keep stable price and BACKED BY ITSELF AND NOTHING ELSE the other coins backed by gold/diamond/papermoney and other are pure scam.
4. when you say:Bitcoin is NOT a store of value, it a speculative investment. No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes. GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD. There is no such thing as a free lunch, the greater the reward, the greater the risk. If Bitcoin can Skyrocket, it can go to zero just as quickly.
my answer: nothing speculative and we dont need to predict the future for sure OTHERWISE HISTORY WILL TELL SOMETHING ELSE as we saw PEER TO PEER FILE SHARING CANNOT BE STOPPED ANDEAT THE ENTIRE SYSTEM....the same with peer to peer money its gone to eat everything -- decentralized tech always win...
bitcoin is store of value and in the same time money which mean two factors in the same point, which is huge idea, its like mixing gold and money...you cannot walk into store and pay with gold/diamond and get the rest of the money in paper money because gold and diamond its more store of value then money....BUT bitcoin is store of value and money
when you say: the fees of bitcoin is high hhhhhhhhh you fucking dick head faggot , do you know its the same fees to transfer 100m dollars as to transfer 50 usd hhhhhhhhh wich school you was
MARK ZUCKREBERG IS SMALL FISH IN THIS SYSTEM COMPARE TO THE MONSTERS HIDE IN THIS WORLD AND AT ALST THEY STAND WITH THE PEOPLE
FACEBOOK WII BE HUGE FAILURE AS OUT TH3R3 100K BOTS WORK NON ST0P TO WARREN PEOPLE TO STAY AWAY FROM STABLE COINS AND HUGE SUPPLY COINS AND SOON IT WILL SCALE TO 500K BOTS....AND PEOPLE BECAME MORE AND MORE EDUCATED.
LAST POINT: history show that decentralized tech always win and scale very fast as peer to peer file sharing huge amount of entities tried to stop this yet you can see where all this, around 1 billion computers are share info and bitcoin is peer to peer money rather then file sharing and real peer to peer money is PACMAN in the system , its gonna to eat the entire system its the nature of decentralized tech and it cannot go the other way....