Bitcoin is predictably a guarantee in an uncertain world - page 3.

sunsilk

hero member

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

You know that you will still own some Bitcoin out of every 21 million existing in 2050.

There's only 21 million of total supply of bitcoin but the estimated year that all of it will be mined is by 2140. But, it's not that a big issue as the total circulating supply now is 18.4 million bitcoins, we're near to it and because of halving it will become more scarce for the next years to come.

While it's still existing, there's a decent market cap and there's liquidity, maybe that's the guarantee that you're describing. The acknowledgement from different countries and financial institutions is just starting. So, you are right on this quote if you're expecting something positive is about to come.

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

Jating

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.

mk4

legendary

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📟 t3rminal.xyz

Depending what you mean by "Bitcoin is predictably a guarantee", it's definitely not, simply because there are no guarantees. Even as a person who has been bullish on bitcoin for years, I like to think really realistically and acknowledge that there are things that could significantly affect bitcoin in a negative manner.

Pacific10

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I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

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