Post
Topic
Board Economics
Re: Is bitcoin dead?
by
uniquefighter
on 01/01/2018, 16:12:09 UTC
Of course not. You won't be here if it is plus, it's been developing since day one. But ofcourse there will be a time wherein bitcoin will meet its end, and that day is not today and/or tomorrow. It will take time.
I disagree massively with this part.  Stock markets are high, agreed.  This is due to stock buybacks and huge bubble P/E ratios, not fundamentals though.  Unemployment as paid by the state is low, I agree.  But the participation level is very very low, almost the same as in the trough of the recession in 2008.  People may not care about Bitcoin, but do you seriously not think that there will be an "internet money" in the future, so that you can pay for anything, anywhere without having to convert?  I think there will be, and I am essentiall betting that it will be Bitcoin.