Post
Topic
Board Economics
Re: USA/China Trade War and Crypto
by
ablelester
on 08/08/2018, 15:43:32 UTC
We don't have to convince anybody. People say they want adoption and all that shit, but in reality they don't. Sure, the price will go high, but things might just start getting much worse from then onwards.

Convincing whales is pointless, but I believe most of them have invested in bitcoin, and those who say they haven't are pathetic liars who don't want to ruin their reputation by saying that they are involved in bitcoin. Either that, or they really hate/dislike bitcoin and don't have a clue on what bitcoin is.

That chart is so damn informative, thanks for that. I was shook when I saw that there are 33 Million millionaires and yet the world hasn't got rid of poverty. What a sad world we live in.

It would be interesting to see the same pyramid/chart for bitcoin holders, in similar manner, like how many people have more bitcoins and similar data.

Bitcoin can go to a million dollar per coin,  its doable, but not very possible. There are invisible barriers that firstly block that from happening and then you have humans blocking the same to happen. If bitcoin reaches a million , things can go really awry.

This is the major point that a lot of people are missing. Sure, the price might sail to the moon if we get the Rockefellers and Rothschilds behind it, but is that really to our advantage? It would only hurt us in the long run because it would mean that they would try to institutionalize it. The institutionalization of Bitcoin would mean that it could be more easily manipulated by those very whales that we enticed to invest in it. So then they could crush it when they feel it's too high and the common folk are making too much money off of it. Might as well just keep it to ourselves.