Hello everyone.
There is much discussion around the price of bitcoins. Some seem to believe it could fly to a million, while some believe its just a big speculation bubble ready to burst.
My personal theory is that cryptocurrency is not the bubble, but rather the needle that will burst the fiat money bubble. Trough history we have always had an easy way to attribute value to things without it. Those who believe that fiat money is the only true way often attribute their opinion to the fact that fiat money is substainsable because of its centralized nature and its history of being used as a represantation of value.
The fact that bitcoin was created in the aftermath of the 2008 financial crises clearly shows it's intent. I believe Satoshi saw how a centralized regulated market can't be substainable thanks to the egotistical and evil sides we humans all posses.
Decentralized currencies will IMO be the future. I can't peg bitcoin to a certain price it will reach in the future as i usually don't speculate that way, but rather i just develop a bias on a subject and try to indentify the crowds bias as this is what acctualy IS the trend.
The trend for decentralized currencies is bullish overall, with some currencies being more exciting then others. Invest in the cryptocurrency you believe in and do your homework, lets bring the fiat-money world down once and for all!!
Please share your opinion on the subject, this is my first post and just wanted to share my thoughts, thank you =)
LazyTurtle
There is much discussion around the price of bitcoins. Some seem to believe it could fly to a million, while some believe its just a big speculation bubble ready to burst.
My personal theory is that cryptocurrency is not the bubble, but rather the needle that will burst the fiat money bubble. Trough history we have always had an easy way to attribute value to things without it. Those who believe that fiat money is the only true way often attribute their opinion to the fact that fiat money is substainsable because of its centralized nature and its history of being used as a represantation of value.
The fact that bitcoin was created in the aftermath of the 2008 financial crises clearly shows it's intent. I believe Satoshi saw how a centralized regulated market can't be substainable thanks to the egotistical and evil sides we humans all posses.
Decentralized currencies will IMO be the future. I can't peg bitcoin to a certain price it will reach in the future as i usually don't speculate that way, but rather i just develop a bias on a subject and try to indentify the crowds bias as this is what acctualy IS the trend.
The trend for decentralized currencies is bullish overall, with some currencies being more exciting then others. Invest in the cryptocurrency you believe in and do your homework, lets bring the fiat-money world down once and for all!!
Please share your opinion on the subject, this is my first post and just wanted to share my thoughts, thank you =)
LazyTurtle
I agree "cryptocurrency is not the bubble, but rather the needle that will burst the fiat money bubble."
http://www.aljazeera.com/indepth/opinion/2012/05/20125309437931677.html
http://www.aljazeera.com/indepth/opinion/2012/04/20124395428374962.html
It's basically how I started learning about Bitcoin as well and a frame of view I have used.
The egotistical side is an interpretation but I lean towards the idea of debt and loans being the real fundamental issue that this resolves but greed is greed and it is a human attribute.
Where crypto is going and has gone since then to now I can really feel we are near mainstream usage and at the threshold I look forward to that trend continuing. Behead the fiat ^^. And Cheers
Thanks for the response and the links
Debt and loans are extreme the last years... witch unfortunatly is a product of the banks often enticing people to borrow without taking risk to account. I think you make a really good point, greed certainly is connected to debt and debt almost always eventually lead to some form of bankruptcy. I agree that debt do, as you say, make out a big portion of the problem, thanks my view changed alittle from your post and got me thinking =)