Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sonia_123
on 05/04/2025, 23:29:55 UTC
[edited out]
Of course nobody could know for sure where bitcoin is going or could be going, but in hindsight there is now some basis for doing some comprehensible calculations. Those calculations can't be accurate except for hitting the bully eye out of pure luck, but they can now contain some reasonableness. Putting the total amount of a new asset class, in this case a digital asset class which was bound to develop in these digital ages, into perspective of total global assets could have provided an indication for the upside potential back in 2010,11,12 and afterwards. That is why I think there is still great upside for bitcoin, but relatively lower compared to what it was. This is not worth mentioning because any asset class that literally starts at zero has an almost unlimited upside potential, but I think you know what I mean. Bitcoin has tons of potential and I doubt that a shitcoin will take its place unless there is a hugely orchestrated move by dozens of the existing billionaires, but seeing how twitter tanked in value makes me confident that even an orchestrated move to shift value from bitcoin to another shitcoin network could go horribly wrong for them.

I think that it is true that with something like a protocol layer asset like bitcoin and/or money, the challenger to the incumbent (bitcoin in this case), needs to be around 10x better or more in order to unseat the incumbent.    Part of the reason that bitcoin is going to be unseating both gold and the dollar is because bitcoin is more than 10x better than either of those systems... even though it could still take 50-200 years for the unseating to take place and for bitcoin to mostly replace gold and/or the dollar.

Sure, many things could happen in the next 50-200 years in order to change the dynamics and our to change the current trajectory, yet based on our current information, we should continue to recognize bitcoin as the dominant one in which all monetary value will flow, and it was also likely true 10 years ago or more and even more difficult to see, even though bitcoin's superiority should be within reach of being seen, even though surely it seems that a lot of normies continue to be confused about both what bitcoin is and/or to imagine that bitcoin is going to continue to eat away at the monetary value of a lot of assets that are currently monetized, since bitcoin is the superior and more efficient money. Even if we are talking about monetized assets, such as real estate, stocks, bonds, art & collectables, other commodities that are being used for their monetary value rather than for their utility value, many of these will be revalued to be closer to their utility value and the excess monetary and/or storage of value aspects being kept in those various other assets will flow into bitcoin as the superior and more efficient money (including bitcoin's storage of value aspect), yet of course, bitcoin is superior in regards to its other monetary attributes too, such as its transportability, verifiability, scarcity, divisibility, not needing a third party, cost savings, programability, and even bitcoin's non-physicality can be considered as an attribute when it comes to bitcoin's money qualities..


One of the biggest contra arguments some people bring up is that monetary policy can't be done with bitcoin during varying economic states like inflation, reaction to financial crises or other critical economic states.

Since you are speaking of unseating both gold and the dollar, I was more thinking of coexistence where bitcoin will be the safe haven high value deflationary network that will force politicians into making sound monetary policy with fiat currencies or otherwise financial capital will further leave the fiat system and critically harm the underlying economy, in case of the dollar it would be the US. This would lead to fiat systems competing with each other because if they all do bad, they would be done rather sooner than later and wealth would be flowing into bitcoin.

If one government overreacts because of that and regulates bitcoin hoping this will help stopping wealth leaving their fiat system, other governments could embrace bitcoin and there strengthen bitcoin and their own fiat system plus their economy.

This is a very abstract explanation of how I can see this unfold because there is globalization and all sorts of financial interdependencies, which leads to trickle down effects if one fiat system crashes to the ground.

But maybe you can give your thought on this and since this is "Buy Buy... Sell Sell...", it still relates to the topic here as what I have explained is a strong argument to acquire bitcoin. What would your vision look like and how do you think would monetary policy work if bitcoin was the global currency?
This is where Bitcoin will come in and dominate all currencies and the government will have no choice but accept Bitcoin because Bitcoin will be their only saviour to their economy l, it is better the politicians realize the importance of Bitcoin before they will have no choice than to be forced by nature to accept Bitcoin .