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RE: Don't Fear The Fork: The Future of Bitcoin & Steem

in #bitcoin7 years ago (edited)

That is just silly. The money will not evaporate into nothing, and most certainly this is not a bubble and it's not going away. Look at the historical news since 2009 until now. Everybody says the same stupidity every year. "This is a bubble." Then what happens? Markets keep growing exponentially. They double or triple each year and it just doesn't stop. Sure there are up and downs, and to people who don't understand Crypto, they instantly call it a bubble or a ponzi scheme or what ever "Labels" from the old world they can think of. Eventually in the next 5-10 years cryptos will stabilize and we'll have at least a 1 trillion market cap. That is for sure, because blockchain technology is not going away, this technological leap is just beginning. Also, do you see any kind of political stability all around the world at the moment? The more governments and financial institutions continue to fail the people, the more people will jump to Bitcoin or other Cryptos just as a safe heaven. Look at whats happening in Venezuela, the government is failing and collapsing. What does people do? They buy bitcoin and use it to buy food and goods from abroad, because bitcoin has far more value than their crappy government issued money.