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To: zeestephen

One last hurray shakeout.

It’s headed at some point to $0.


2 posted on 02/09/2024 10:59:29 AM PST by C210N (Mundus vult decipi, ergo decipiatur.)
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To: C210N

Nope


6 posted on 02/09/2024 11:53:06 AM PST by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: C210N

Kind of like the dollar


9 posted on 02/09/2024 1:31:18 PM PST by Codeflier (Don't worry....be happy )
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To: C210N
Bitcoin has gone from nothing to a $930B market cap in 15 years, not only without government backing but in the teeth of vehement government opposition. Imagining that it will just reverse course and go to 0 is plainly irrational or wishful thinking. It is clearing filling not just a market niche, but a gaping void.

It's not hard to see what that demand is - for usable, provably scarce currency free of politics or other manipulation by a cabal controlling it.

I am dubious the US dollar will exist in 20 years, or even in 10 years at the rate things are going lately. I'm very confident Bitcoin will be around as it continues to develop and improve with its army of developers. As I always tell people, don't switch from USD to bitcoin out of greed. Do it out of fear. The dollar is going to 0.

10 posted on 02/09/2024 1:37:20 PM PST by EnderWiggin1970
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To: C210N
One last hurray shakeout. It’s headed at some point to $0.

Bitcoin was and remains a brilliant concept. Its encryption is sound after 15 years and the one million miners around the world who maintain the currency will keep it out of the hands of one central authority.
12 posted on 02/09/2024 2:13:36 PM PST by Right_Wing_Madman
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