Post
Topic
Board Speculation
Re: IS BITCOIN STILL BAE
by
nutildah
on 15/12/2018, 09:02:33 UTC
what do you all think would happen to BTC come 2019?. are we ever going to still experience a bull run or is this the best time to abandone ship?

Contrary to popular belief, Bitcoin's purpose is not to "experience a bull run" so you can sell it to accumulate more of your national currency.  What I'd like to see happen in 2019 is for more people to realise that freedom is worth whatever price it happens to be.

In general I agree with this sentiment and its all-too-forgotten that BTC was not designed to be an investment in and of itself. However, unless we can make fiat-to-BTC conversions faster and cheaper than they currently are, BTC is less than ideal as a means of currency, and it can only be viable as a transitional intermediary currency.

You could ask Venezuela or Iran how well their currencies are working out for them. If it loses value every day, as BTC has tended to do throughout this year, its not really a store of value and alternatives will be sought.

Sometimes a loaf of bread is more important than "freedom."