Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Here is why Bitcoin can only go down
by
Lucius
on 28/11/2019, 11:30:57 UTC
⭐ Merited by nelson4lov (1)
Imagine that Motorola - the first company which manufactured a truly wireless communication device in 1983, designed its production system so that it can produce only 10,000 mobile phones a year. Now, does that mean these phones would have been more scarce every single day because the population is almost required to increase its demand?.

I don't want to imagine something that doesn't make sense, how does it even occur to you to compare Motorola as a company with Bitcoin, which is the first decentralized cryptocurrency, independent and unique.

There is no reason for people to enter into fast, transparent and cheap payment system for $1,000,000, or even $10, if they can enter it for $0.001(altcoins) or if they can associate and design their own crypto payment system.

No altcoin (this including all BTC forks) is never achieve nothing close to BTC, and it's pretty safe that it never will. That's the whole point, altcoins are centralized projects that have only one goal, profit for those who designed them. People are not stupid (at least not most), they follow what has proven over the years, empty promises are just empty promises and nothing more.

Bitcoin is simply a mega-bubble that diminished people's ability to think rationally. Bitcoin can only go down to the price of an average coin. Just like Motorola's phones have prices of average phones.

We can easily prove this part completely wrong, just look at the history charts - can you see how price is going down over the years? I see only constant increase, and I also see 90% of altcoins dead in past 5-6 years.