After spending much time as a guest on this forum learning all I can about Bitcoin, I finally decided to join. Glad to be here and thanks for all the great advice along the way!
Now I have a question I'd like to ask. Is Bitcoin going to get to the point where it is too big to fail? The government bailed out Wall Street to avoid a financial collapse. Can Bitcoin gain the same status as Wall Street? The market cap is steadily increasing making it a big player in the game and I'm looking forward to where it is headed.
Thanks in advance!
I think that bitcoin still has a room to grow. The economy is large and our market barely touch the tip of the iceberg of industries. Hopefully, this innovation would intergrade more across different fields. I also think that it will not fall out completely since its people is very hardworking and encourages more people to continue this industry in the future.
But since its price is dropping right now, people think that bitcoin is never going to rise up again, causing them to sell it in a very low price, others are happy about it having in mind that they saved their profits, but they did not. This kind of people are those who are typically just after the profits and didn't even know about cryptocurrency, you know, they didn't know how it works, and its characteristics, something like that.