Post
Topic
Board Economics
Re: Here is why btc will die as a crypto
by
jaysabi
on 11/12/2020, 01:55:13 UTC
Many people are always telling btc will die. But look btc is still standing strong. Everything has its end. But I think btc will stay in the crypto world for a long time.

For the years I am here, I am not new to reading these kinds of topics or threads. Scam or Ponzi, they can call whatever they wanted to, they didn't know they are wrong. With a strong community that would take advantage of every drop or dump that would happen, I don't think it would even die. The value might fall but it will just come right back up.

If we do try to count on the threads that been saying about bitcoin is going to die or doesnt really last then those negative thinkers had probably changed up their mind or sentiments towards bitcoin specially that it had proven out for a decade already when it comes to market recovery on a certain period of time.It might not be guaranteed to last forever but we can presume that it will surely stay.

Let those people do think and say all of the things they do want because later on they would realize that they are believing on the wrong thing.

Adoption is on the move and its hard not to believe that it would really be progressing out even more on future years to come thats why when we do talk about for it to die then its hard to believe on and let adoption grow and strong all over on upcoming years.

Hope I can upvote this. I know that it is been a long time since we are seeing this kind of price movement and the other thing is that as you've said, adoption is on the move and we will be seeing a lot of them next year, I hope so. Instead of thinking about how will it die, we people should brace ourselves to what may happen next year.

It is the nature of large companies, institutions, and technologies to be upended and replaced.  Remember Sears, the now-failed retail giant?  It may shock you to realize just how big that company used to be.  Back when they came up with the revolutionary innovation of ordering through a catalog through the mail, they accounted for $100m in sales at a time when the entire US GDP was only $36.5 billion.  A company that large and important, you'd have though it was unsinkable and would last forever.  If you go back and look at the list of Fortune 500 companies from 1955 compared to 60 years later in 2015, only 12% of those companies still existed (https://www.aei.org/carpe-diem/fortune-500-firms-in-1955-vs-2015-only-12-remain-thanks-to-the-creative-destruction-that-fuels-economic-growth/). 

Will Amazon last forever?  The odds are against it.  Will bitcoin last forever?  The odds are against it.