1
Right now the price of a bitcoin is very low, and people are scared to invest because of it. That is how the United States depression happened. the stock market crashed and people became too scared to invest in stocks because everything was failing which resulted in businesses having to close.
So learn from history, Buy now. Buying now will quickly raise the price of a bitcoin and thus be a huge investment for you.
2
The best part about bitcoin, people will stop mining now. (well wait why is that good?) why?! because mining will be more profitable for a short period of time. first people will flee from mining as it will become worthless, figuring they are spending all this time mining something not worth the time (refer back to when in the United States when the price of copper went through the roof a few years back and people "mined it" from abandoned buildings), then people will realize they can make a larger payoff (again refer to the copper spike, then people caught on and tons of copper came onto the market which lowered the price back to normal), then the economy will stableize and the people who worked through it will become rich.
everything is as it should be people.
Right now the price of a bitcoin is very low, and people are scared to invest because of it. That is how the United States depression happened. the stock market crashed and people became too scared to invest in stocks because everything was failing which resulted in businesses having to close.
So learn from history, Buy now. Buying now will quickly raise the price of a bitcoin and thus be a huge investment for you.
2
The best part about bitcoin, people will stop mining now. (well wait why is that good?) why?! because mining will be more profitable for a short period of time. first people will flee from mining as it will become worthless, figuring they are spending all this time mining something not worth the time (refer back to when in the United States when the price of copper went through the roof a few years back and people "mined it" from abandoned buildings), then people will realize they can make a larger payoff (again refer to the copper spike, then people caught on and tons of copper came onto the market which lowered the price back to normal), then the economy will stableize and the people who worked through it will become rich.
everything is as it should be people.
Good speculations and I hope it is true, but this doesnt account for the recent popularity boom and what could happen if government wants to get involved.
The population boom is an issue with how bitcoin works for sure.. so to be devils advocate... to myself
That is bad at this time. the population boom will result in a higher difficulty in the block chain, However those users will most likely not mine.
I need to look at some information about how the block chain difficulty to be lowered.
