Post
Topic
Board Bitcoin Discussion
Re: What's next for bitcoin ?
by
Artemis3
on 06/10/2019, 12:03:29 UTC
Bitcoin is not controlled by anyone. He is not a company to do charitable actions that will improve his reputation. It uses a decentralized network, it is not a company. Also, Bitcoin cannot be sanctioned, precisely because it is not controlled by anyone.
What's next for Bitcoin? A stagnation of about 2-3 years at this price and then a historical boom.

Definitely not.

Why? Are the governments suspending fiat inflation? No, because they are fools that follow the school of Chicago dogma and fear deflation. Therefore if bitcoin where to magically go stable, its price in fiat would still increase opposite to the induced inflation.

So no, its not that bitcoin goes up, its that the $ € etc go down, but people don't see it.

There is also no reason for a "historical boom". The price is showing a logarithmic curve, it starts with a steep increase in price that slows down as time passes, if anything, bitcoin price increases should slow down, and also the fluctuations, which will always occur because its free, but less and less as it gets mature and goes the way of gold.

Bitcoin (thankfully) doesn't have built in inflation so it can never become "stable" against the fiat currencies. It can be used as a way to escape this inflation and preserve purchasing power, but don't expect to live forever over this. It was fun in the first decade, by the end of the next decade you better have diversified and found another source of income, that preferably pays in bitcoin yes, but not bitcoin itself as a source of "magic growth money".

The "getting rich overnight" thing is over, as it should be. And guess what, no change is needed to Bitcoin, its working fine.