Post
Topic
Board Speculation
Re: My Most Insane Prediction of Bitcoin & Ethereum
by
BitcoinNewbie15
on 13/06/2018, 23:54:38 UTC
Its obvious that regulation will increase adoption. I wouldn't really call that one a prediction. Bitcoin goes through these periods of bubbles. This one won't be the last one, but the next one might... With Bitcoin being secure, immutable, and having a scarce and predictable supply, it too is obvious people will begin to store their wealth in it as volatility continues to decrease. The floodgates will be opened once an ETF is successfully listed and there is more regulatory clarity. It could get to a point where national governments purchase BTC to hoard it as part of their reserves.

My predictions were...
1. There will be regulation in place.
2. Regulation will increase adoption.

These two things are obvious. Regulation is only a matter of time. Everone knows this. Also, if adoption increases, price has to increase too.

So please don't cherry pick my comments and insult me by saying "Its obvious that regulation will increase adoption."
You can see one side of the coin, but fail to see the other accompanying side.

I wasn't insulting you, sorry you took it that way. I was just stating that it is glaringly obvious regulation will increase adoption.

And by the way, argue all you like, but I also said in my past comments that Bitcoin is a shitcoin. Yes, you may call me names and insult me for calling Bitcoin a shitcoin just as others insulted me for saying there will be regulation.

Bitcoin by definition cannot be a shitcoin. Shitcoins are Bitcoin clones that serve no purpose. Bitcoin cannot be a clone of its self, as Bitcoin is the Benchmark for all other coins. Therefore it cannot be a shitcoin. I don't know why others have insulted you in regards to regulation, regulation is a good thing.

Someone in an article said Bitcoin will be killed by its hardforks. I said it similarly last year in other site. Too bad I cannot brag about this here because I didn't make my comments in this forum. But I know I was proven right about this too.

How could you be proven right that Bitcoin will be killed by hardforks? Bitcoin is still alive. For you to be proven right Bitcoin would have had to be killed by the hard forks first.

And to your comment that BTC will be purchased by governments, I don't think so.

How come you don't think so? More people are adopting the idea that Bitcoin is a store of value/alternative to gold. If this becomes the case, and more of the wealthy store their money in Bitcoin, why wouldn't governments start buying it to increase/diversify their reserves?