I hear alot of people saying how bitcoin is a bubble and it will eventually crash. I think it will continue to rise. It will have it's UPS and downs but i believe it will continue to rise as more people get familiar with it. 😀
I hear alot of people saying how bitcoin is a bubble and it will eventually crash. I think it will continue to rise. It will have it's UPS and downs but i believe it will continue to rise as more people get familiar with it. 😀
Bubble = too much speculation and irrationality.
That is exactly what I think is happening with bitcoin right now.
The rise in bitcoin value is a direct reflection of the devaluation of the USD. For me, it is a useful benchmark to gauge the future direction of the king dollar.
People who say it will crash either do not understand the block chain, public ledger and decentralization or are jealous that they missed out on gains
When Bill Gates says bitcoin can't be stopped, that's saying something. Bitcoin may not be the victor in the end when the dust settles in the battle for crypto supremacy. But it did pave the way for the future of money and how future generations will buy goods and services and exchange money so definitely much respect for the legacy bitcoin will leave when all is said and done.
I do believe that that although bitcoin was first, there are and will be coins that are quicker and more efficient that will replace bitcoin as a form of payment. I would say bitcoin is more of an asset than a payment system,but there's nothing wrong with that. I just think once the world wholly embraces cryptos, the majority will pick the fastest,most convenient, anonymous form of payment which I really don't believe will be bitcoin. Bitcoin may still reach the high figures that many analysts predict, but I feel it will become a thing of value that people invest in rather than use to pay for goods and services and move money around the world. Now if I just had a crystal ball I could totally tell you which coin will replace bitcoin and make us all millionaires,lol😀
I agree. It looks like BTC is headed for store of wealth and LTC and Dash might gain daily use adoption.