Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
pereira4
on 02/11/2019, 16:43:47 UTC
wait pereira you think the price would go or stay down if they made it illegal
i think it would go up up up whatever the stage in emission rate

I believe the initial shock would be negative for the price. Also my scenario includes mining operations being shut down, so with less hashrate comes lower price. Of course difficulty would adjust and someone elsewhere would find a good opportunity cost and open up mining operations. So things would go through this awkward phase were all exchanges with high liquidity are shut down, main market goes OTC... im talking really underground stuff, like going back to 2012. Eventually, long term hard money always wins, which means people that accumulated here get the fruits of understanding how hard money wins long term.

So either way, 1 million by 2032 or 100k by 2032 = rich.

What I think would skyrocket BTC automatically is if government made physical cash illegal, which I believe will happen somewhere next decade... so that's another thing to consider.