When Bitcoin / Litecoin “rise again” it means “the dollars in your pockets are worth less”
Source: https://cointelegraph.com/news/keiser-dollar-collapsing-against-bitcoin
Words can be manipulated to say many things as we know from our news.
When it comes to Bitcoin, every person has a right to say that Bitcoin and others suffered a “currency collapse” over the last 8 months (+70%) from the absolute high.
Never mins the fact that is up 55% vs this time last year.
However, what happens when the cycle starts again and it becomes more obvious to people that each dollar basically devalues in thier bank account vs holding a Bitcoin or Litecoin that is going up —- not even talking about inflation and the rising food prices.
What happened if each American bought .01 Bitcoin ...that would be about $67.
That would mean 250 adult Americans spending $2 Trillion dollars and it would mean buying a combined 2 Million Bitcoin —- remember 17.5M already mined and only 21 million ever.
So that means scarcity or rise in prices.
Below is a chart from 2016 comparing currencies — imagine what will happen by EOY and thru 2019.
Imagine being in a currency that went up 100%.
What are banks paying today for your money 1-3% max ?
It’s just a matter of time. Pick your reason for fiat issues. We see all throughout the world.
I am not suggesting the US dollar dramatically collapses or goes away.
I am looking forward to US regualtions made clear so people can decide to buy .01 Bitcoin :-)
Limited supply always win against unlimited supply. Money should be precious and limited in supply
Yes...and make it harder for the cabal to print money —-never a good thing.
You have a minor misspelling in the following sentence:
It should be their instead of thier.Cryptos like the canary in the coal mine.
We will see what happens very soon. They “reversed” the negative decision for the ETF’s —-so do this mean “they are ready”. We will see.
Cryptos are the new currency and that is good news.
It will be part of the new system that is true.