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RE: Rick Falkvinge - Bitcoin will hit $5 Million

in #bitcoin8 years ago

I'm letting my Steem (as SP) build up. I will only withdraw when there's enough to buy something I can't afford otherwise and a single week's power down will cover it.

I guess that if any cryptocurrency could increase the userbase by x100 then the value should increase massively, but I'm not expert on the economics. I'm just interested to see how it goes.

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Same for me, I understand the basics of economics. I prefer to just let my Steem pile up. This could go huge or it could flop. The worst thing that could happen is that I just made a whole bunch of new friends.

Yeah, and who needs friends? ;)

I just can't resist playing with cool technology and Steemit has that aplenty. I will try to do some coding around the blockchain some time soon. Can't do that so easily with other social sites.

Good point. We don't know what any of these cryptomarkets will do in the coming decades. There's just no knowing so far.

I wouldn't want anyone to try "investing" in cryptocurrencies as a means of preserving value or gaining something without increased risk. The risk is there and we should be aware of it.

Well said! There are so many unknowns, it's nice to focus on all the growth and good in the community here.