Bitcoin will never pass 50k! Stop dreaming as the Government Would collapse if it did!
In today's yippy123 blog post I present you a Logical statement of why Bitcoin would never pass 50,000 dollars of worth!
Logical Statement
In reality, Governments would collapse as if bitcoin became a widely accepted currency in all aspects that businesses would widely accept as legit currency. If businesses accepted bitcoin or any other crypto for say than tax evasion would be inevitably grow into collapsing the government. Businesses pay less tax as crypto isn't visible in any way and can be made untraceable in every way than the Government would receive less money where Schools, Military, Public Assistance to the poor such as Medicaid and welfare, Public park and garbage clean-up personnel, Low-income affordable apartments, police force and much more will be canceled or shortened to create a mass civil unrest and disrupt as Government is not getting paid enough taxes from people as all is using a non-tax deductible currency backed by people.
Even China banned starting to perform crackdowns on bitcoin mining than later on a bitcoin ban just like previous times
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Interesting post, and I guess we will have to wait and see. A lot of experts think it will go to $500,000 per coin. This is yet to be seen, but I suppose anything is possible.
I tend to agree with you, though. As we have seen, BTC has settled around the 11,000 mark, and hasn’t made a push upward for a while.
Good luck to all crypto holders, and thanks for posting this.
Who are these experts you say? Is it the ones that just got rich by investing in bitcoin in early days for fun? Just like that famous guy koch who paid 10k in Bitcoin to buy 2 boxes of pizza that was around 27 dollars and if he didn't give his 10k bitcoin up that day and became a millionaire now than is he a expert to?
Even if it doesn't hit 50k it still a great way to make more income. This crypto currency is pretty much known as the second stock market exchange.
Ha! Nice one I like how you said it was the "second stock market exchange"
Really logical statement! It's difficult for btc to climb so high. States will always slow it down and its better for the community because the collapse of the state could also nullify the value of cryptos, In other words, once the chaos begins to spread out all the virtual economy will be extinguished from the monitors of the devices. With the minimal current that will be available the use of cost-effective mechanisms will be a luxury. The collapse of states can lead to a return to the roots of civilization. If this happens, we should know at least how to grow potatoes and plow with the ox. But... I guess cryptocurrency will continue to be... thanks to pencil and paper or thanks to stone and chisel. There is also a potential for states to adopt the cryptocurrency blockchain system creating state cryptocurrency replacing traditional currencies and snapping traditional cryptos declaring illegal the use and mining. All these are possibilities time show us the upcoming reality. But ... time could be money... so let's invest in time and imagination!!! Best investment ever I think ...
Thanks have a nice day!
Well I have to say your statement was more profound than mine as you listed a visionary dream but truly this would just put currency back into state owned which it become a centralized so cryptocurrency dream of decentralized won't be a thing so basically it's not the peoples backed money it's government back which leads to just currency but in digital form
Hello! Thanks for replying!!! Indeed that's an issue... I think it's obvious that the central Banks just let the digital currency exist for experimental purposes... In addition lot of states have already their digital currency. France, Germany, USA and not to mention Venezuela a country trying to get out of the economic squeeze... and much more other countries follow the trend. The problem is that the blockchain as a tool can be used both ways, for the good or for the bad. If central banks adopt definitely the blockchain technology in concert with the State bureaucratie then we can talk about the end of the "citizen" as we conceive the word today. The analysis of this is too long and I shall post something about soon. I 'll be back to let you know when I post this analysis.
Have a nice day and week!