You are viewing a single comment's thread from:

RE: Bitcoin A Crazy Target for BTC Or The First Major Global Bubble?

in #bitcoin7 years ago (edited)

It was a good read, but most likely it won't happen because:

  1. Bitcoin won't work as money (only 3 tx/sec)
  2. There are many others coins with better tech and IPOs, so the pie is splitting
  3. Every N years a new technology appears (for IT the N ~ 10 years, so bitcoin is almost done)

But I really appreciate Bitcoin as the first working crypto!

Sort:  

Interesting, though in regards to your point:
#1: Even with the transaction limit (in this case for Bitcoin, but it can go for any other crypto), a price increase to ridiculous levels could happen. All that needs to continue is increasing adoption in the given crypto, combined with trading/speculation.

#2: Totally agree with you, though who says Bitcoin on my example can say the crypto that will end up being dominant at the end-game and/or the entire crypto market combined. Doesn't have to be strictly Bitcoin to pull such a scenario off.

Yup #1, "Nobody - Okay, if you're Warren Buffett or Jimmy Buffett - Nobody knows if the crypto's going to go up, down, sideways, or in fucking circles"

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.037
BTC 92687.11
ETH 3398.48
USDT 1.00
SBD 3.67