Quote from: Snappycoco on Today at 04:14:11 PM

Quote from: Pokapoka124 on May 28, 2021, 09:10:47 AM

If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin is down 4% today. But next few months BTC could pump 400%. Pump or dump, storing your money in crypto beats saving up in the bank.

Bitcoin is indeed the digital gold. Aside from being a utility one, BTC is now becoming one of the best asset anyone could have. Many people are now seeing it as an store of value asset and likewise as an investment. Saving money in your piggy bank or typical banks will definitely lose its value and that's where BTC comes in. However, I doubt your 400% increase in value. Btc however pumps up for over 300% since last year and that's good enough.

Yes but the pump will come to an end and why people consider it a store of value or a great investment vehicle, one shouldn't forget that hardly any asset can also drop as fast as Bitcoin. If Bitcoin is once worth $10 trillion in total market capitalization and it gets hacked, well, gold can't be hacked at least. That is a risk that doesn't exist. Could it be produced synthetically? So far it sounds unrealistic and we probably would find out about it in a more timely manner than we would find out about Bitcoin being hacked and crushed. I am absolutely pro Bitcoin by the way, this is just some food for thought.