Post
Topic
Board Speculation
Re: Interesting fact: When Bitcoin reaches $100 000...
by
Khaos77
on 17/02/2020, 23:43:21 UTC
...total Cryptocurrency market capitalization will be at least $2 Trillion.
Many analysts and traders suggest that $100 000 is not a question of IF, it's a question of WHEN.

Many analysts and traders are a bunch of scammers with promises of future riches so they can sell high ,
while you hold into a price collapse.

While no one can deny bitcoin had a good run, thinking it's price will continue to increase, (with the endless better alternatives)
shows a lack of reality in the person making the foolish predictions.

Why stop at $100 grand, let's really go full retard and say Bitcoin will be worth $1 trillion per coin,
now if you automatically say , hey wait a minute, that is a little ridiculous, then why are you buying the $100 grand nonsense.
The halving is more hype than economics, but believe what you will.  Smiley

We are less than 5 years away from Governments offering digital versions of their fiat,
merchants and vendors will flock to those due to the guarantee of stability from their governments.

https://www.reuters.com/article/us-japan-economy-digital/japan-ruling-party-lawmakers-to-float-idea-of-issuing-digital-currency-idUSKBN1ZN0OU

https://www.kitco.com/news/2019-11-01/China-s-secret-gold-backed-cryptocurrency-to-destroy-U-S-dollar-skyrocketing-gold-prices-Max-Keiser.html

https://cointelegraph.com/news/state-issued-digital-currencies-the-countries-which-adopted-rejected-or-researched-the-concept

FYI:
And what is the next step after a Government issues a Digital Fiat. Why banning the competition of course.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Quote
The Ecuadorian government has issued a ban on bitcoin and other digital currencies.
The National Assembly of Ecuador banned bitcoins including other decentralized digital/crypto currencies,
due to the establishment of a new state-run electronic money system.