Post
Topic
Board Economics
Re: The Perfect Storm of Bitcoin Birth
by
cellard
on 20/02/2019, 03:14:23 UTC
Quote from: Pepe Lapiu link=topic=5110470.msg49760983#msg49760983

Bitcoin is the ultimate financial freedom.  You can own it without it getting taxed. You can send it to anyone you want anywhere in the world without the bank fees and without government looking over your shoulder. Please guys, stop asking for more regulations and for more Wall Street corrupt intervention.


The main point of Bitcoin is that it doesn't matter what anyone is or isn't asking about it. Governments will do what governments do, and that is to regulate, and to create derivative tricks such as Futures in order to profit from anything that attracts enough volume for them to bother, but this is all irrelevant for Bitcoin as it works as intended regardless of what government jurisdictions have to say about it, the blockchain keeps churning out blocks every 10 minutes incessantly, and this fact is undervalued.

The manipulation of easy money against hard money (Bitcoin, gold) doesn't last forever. For how long can they keep pushing the price down? we don't know, but such manipulation doesn't last forever. The demand for Bitcoin isn't going to magically stop, and the amount of Bitcoin is strictly limited. There's enough Bitcoin for everyone, it's just a function of price.