RE: Next Stop for Bitcoin: India
When you really sit down and see the people behind Bitcoin things start to become clear (e.g., Max Keiser wife). This is a stepping stone to what will be the new financial system, but it wont be with Bitcoin because its designed to fail. Besides that their tech isnt up to date with other new platforms such as ETH/Litecoin/etc....
I do think that Bitcoin will go through the roof and for that I am an investor, but if youve been involved in Bitcoin since 2011 you will find that it has rasied and dropped huge amounts over its span.
We oldies are used to these radical moves because we hang on to it and wait patiently. It always comes back and stronger. How many times will this happen until they break the entire system and merger all Crypto with one of their own...
Domi
I think the Bitcoin price would becomes more stable over time as more people invest and price goes higher. With more Bitcoin in peoples hands, it would be less affected by a few large transactions. And as price increase , people would have less incentive to rock the BTC boat.
That is why Bitcoin would be here for a long time. The gold of the new financial system. The other alt coins like ETH/Litecoin could be used for payments or money transfers which they are better suited while Bitcoin would just become a storage of value protecting money from inflation
I agree. If Bitcoin goes to 1million then we can see how it could be used as an inflation regulator. I do think this will happen, but it will take several more large swings in the meantime. Expect one soon. If not, then it goes to the moon.
Domi
Yes, I agree. That is what we counting on when we invest in crytocurrency. Those large swing will make us rich :)
they are saying they have not priced in the acceptance of the Indian government of bitcoin
I'd say unless the Indian government demonetize their money again
greater impact would be to those who are sending money back to India