but the price of an item as you say is decreasing every day so someone can buy it after it has been out for maybe more than 1 year and the price has gone down in the 30-50% range, so in the long run it won't really affect someone's finances if they buy it based on need and have enough money.
while bitcoin value can go up and down depending on demand but in the long run its value is sure to go up.
so between goods and commodities is very clear.
while bitcoin value can go up and down depending on demand but in the long run its value is sure to go up.
so between goods and commodities is very clear.
I agree that BTC price is volatile, however, it's not a clear thing that "in the long run its value is sure to go up". It really depends on the investment time-frame. If 10-20 years is the long-term - then yes, definitely, if it's the real long-term 100-500 years - then I wouldn't be so sure.
People who use bitcoin already experienced the power and value of it. Those who become rich through bitcoin is a real rich and not fake. Bitcoin is volatile, this means that its value can go up and down where everyone has an opportunity to buy and own a large part of bitcoin and become rich. Many are now adopting and investing in bitcoin because they know why bitcoin was created and what is the use of it. We are in a new generation which almost everything are computer generated which is need an internet and electricity. So, I think there is no possibility that the power supply and internet will disappear even in the future.
Yes, you are correct, however, there have been precedents among certain states of shutting down internet and electricity (if we exclude the post-apocalyptical scenario). But generally I tend to agree with you.
So you think bitcoin is a ponzi lol, how near sighted are you. If people use bitcoin to "buy" things then how can it be a money grab? You aren't the first and you won't be the last to say it :/
That's the common understanding of Bitcoin btw in the market. Just very illustrative of how majority sees it
I would say 60% admit they see it like that, 30% say they really believe in Bitcoin, but actually don't want to admit that they are part of those 60%, and probably on the rest of 10% are the actual believers.I agree with your idea mate. Worst possible scenarious are meteor impact and electromagnetic pulse attack where we don't know what will really happen but one thing is for sure economies and of course lives will be gone except for the gods money which is the precious stones and metals.
Do you mean gold and diamonds?
So you do admit that under the extreme stress-testing only the few things/assets will be left valuable which were tested for thousands of years, unlike the currently dominant or overhyped ones?