bitcoin will be on a slow bleed down until some really big fundamental shift happens
such as
a big country bailing in all bank deposits
or
amazon.com accepting bitcoin
something along those lines. Right now its a non stop stream of bad news.
i dont care what price it goes down to, whether its 400 or 30. Will not buy until there is that game changing piece of news.
such as
a big country bailing in all bank deposits
or
amazon.com accepting bitcoin
something along those lines. Right now its a non stop stream of bad news.
i dont care what price it goes down to, whether its 400 or 30. Will not buy until there is that game changing piece of news.
This big positive news for Bitcoin could happen sooner than expected
The dollar will plunge within 2years, Big western Banks will fail within 3years, corruption is high, taxes are increasing; it will seem extremely sweet to have a few bitcoins when the shi.t hit the fan
I'm pro bitcoin but if the dollar plunges in 2 years and banks fail in 3 years then it will be the end of America and not the beginning of bitcoin.
Bitcoin cannot build the infrastructure that fiat has in that short of a period and have everyone adopt it. We need years of investing in infrastructure before that can happen.
Look at technology like electric cars and mobile phones ... it took years before every city had cell towers and it will take some years before you can refuel your electric car everywhere....
