Post
Topic
Board Beginners & Help
Re: What is your biggest fear
by
Solosanz
on 04/10/2024, 15:13:51 UTC
My biggest fear is Bitcoin price down to $1.

Regardless you're a Bitcoin maximalist, Bitcoin enthusiast, Crypto enthusiast or someone who buy Bitcoin without any reason will be disappointed if Bitcoin price down to $1 because almost all people buy Bitcoin when the price is higher than $1.

My biggest fear is that bitcoin will completely fail to live up to Satoshi's vision, bitcoin was not created to gain value, buy $1 today & get $3 tomorrow, that's not it. We can see that people are now pegging the value of bitcoin to FIAT, not bitcoin itself. So i just fear that people are forgetting what bitcoin was actually created for & its intended purpose. In addition, another fear is that central parties will monopolize bitcoin one day.
What Satoshi's vision? he himself think Bitcoin is more like a collectible or commodity, not necessary it must be a currency.

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.