Post
Topic
Board Beginners & Help
Re: Crypto is here to stay, do not panic
by
Fortify
on 21/06/2021, 20:00:49 UTC
Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay

You haven't provided a shred of proof, just more speculation for the bonfire. A common theme for stock market "traders" is past performance is not a reliable indicator of future results. It is also wise to be careful between conflating the future of Bitcoin with the overall future of crypto. The blockchain in particular has a bright future as a technology, but there may be many iterations of cryptocurrency before one is found that can satisfy worldwide demand sufficiently. The cap on Bitcoin is actually a hugely limiting factor on it's future success and the fees are actually a barrier to widespread regular usage, even though they have come down with successive patches.