No one really NEED bitcoin, isn't it?
Right now, there are like 206 sovereign nations in the world, each with their own official form of State Monopoly Money. From a volatility perspective, Bitcoin is already objectively superior to about 40 or 50 of them.If you're living in the USA or Western Europe, Bitcoin probably seems totally irrelevent to your life. After all, the dollar is stable, right? It works, so why do you need something else? The truth is you don't. Yet.
But sooner or later your tune will change when your nation's fiat scrip inflation begins accelerating to disturbing speeds.
Bitcoin is like water - you don't need it, until you do. Fortunately for all you nationalist ingrates, it will be ready and waiting, it will welcome you with open arms when you invariably come crawling back looking for a safe place to stow your wealth.
It's not a matter of IF you will come with your bowl of worthless fiat begging for Bitcoin, it's a matter of WHEN. We are speaking of a mathematical inevitability here, friends.
Do you understand?
With this rationale, precious metals should do quite well, so will guns n ammo. If the state loses control of the money, all bets are off regarding everything. The world is relatively peaceful, and calm at the moment also. More people are wealthier and better off than ever before. No State, Hello ISIS or some other bad group.
Gold offers a better chance for most people than bitcoin. Even if Bitcoin takes off.. It is still an experiment, and there are likely risks we dont even know, and you are downplaying the already known risks magnitude.
Bitcoin is like an ever changing puzzle, It will be impossible for the masses to be up-to-date and in tune with every little nuance and occurrence in the bitcoin community to understand and comprehend the onslaught of information.
What if in some unknown way,bitcoin is or becomes a trojan horse of many different sorts.